1190 Pomona Avenue

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1190 Pomona Avenue

Oroville, CA 95965
Asking Price
$269K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset located at 1190 Pomona Avenue in Oroville
  • The property is currently available for purchase at $269,000
  • Building configuration consists of two individual residential apartment units
  • Asset is situated within the 95965 zip code of California
  • Suited for investors targeting the Northern California residential rental market

What's Special

Priced at $269,000, this multifamily apartment building at 1190 Pomona Avenue offers a stable addition to an investment portfolio in Oroville, California. The property consists of two distinct units, providing a manageable scale for an owner-operator or a passive investor looking to enter the local rental market. Oroville serves as a significant hub in Northern California, known for its proximity to major water infrastructure and the surrounding recreational lands of the Sierra Nevada foothills. This residential asset type remains a staple for housing demand in the region as the city continues to attract residents seeking more affordable living options compared to larger urban centers nearby. The configuration of this building makes it suitable for long-term rental income strategies or potential repositioning within the local housing stock. Investors will find this a straightforward acquisition in a steady suburban market that balances regional economic stability with a residential lifestyle.

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NOI
$80,000
Cap Rate
29.74%
DSCR
5.01
Strong
Cash-on-Cash
79.34%
Monthly Payment
$1,330.865
Annual Cash Flow
$64,029.617

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