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Heather Penko

heatherpenko@simplihom.com +1(951) 595-9385

$ 336,600

Est. payment -/mo

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Active

2301 Oro Quincy Oroville, CA 95966

2 Beds

1 Bath

3,024 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $111

MLS Listing ID OC25107942

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1964

Lot Size 1.150 Acres

Property Sub-Type Single Family Residence

Property Description

NEED TO USE THAT 1031 EXCHANGE? GREAT DEVELOPMENT OPPORTUNITY! 1 City Limit Parcel Consisting Of 1.15+/- Acres Of Varied Zoning. There are apartment complexes across the street to the west, as well as a townhouse development backing up to this land to the north. AP#033-480-029 consists of 1.15+/- acres & is zoned MXN; Mixed Use Zoning may allow for up to 30 dwelling units per acre with proper planning. Lot offers a 3,024sf structure at the Oro Quincy Frontage with an occupying tenant paying well below market at $850 per month. There is street frontage off Oro Quincy Highway and street frontage off the East side from Eucalyptus Avenue. With the housing shortages, there are a few apartment complexes being built in the Oroville area as well as new developments recently and being proposed. This would be a great location for that next development idea. Sewer, Water, Power, Phone & Gas all at street or on property. Note: There is approximately 0.70+/- acres MXN zoning not under PGE Lines. The seller states PGE line areas can be used for parking lot and grass areas. City zoning allowances & PGE Overlay map are incorporated in MLS Supplemental Documents, ask your agent for copies. The owner is a licensed & practicing California Real Estate Broker. Structure will be shown by appointment to individuals with proof of funds to close transactions only, no exceptions. (MUST CONSULT WITH THE CITY OF OROVILLE BUILDING & PLANNING ON ANY IDEA YOU MAY HAVE TO VERIFY THEY WILL ALLOW). Structure can be renovated into Duplex or SFR with Junior ADU.

Location

State CA

County Butte

Rooms

Main Level Bedrooms 3

Interior

Interior Features All Bedrooms Up

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Pool None

Community Features Urban

View Y/N Yes

View Mountain(s)

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Oroville Union

Others

Senior Community No

Tax ID 033480029000

Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner Will Carry, Owner May Carry, USDA Loan, VA Loan, VA No Loan, VA No No Loan

Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Owner Will Carry, Owner May Carry, USDA Loan, VA Loan, VA No Loan, VA No No Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Marco Baljeu Compass Real Estate 949-526-1400, DRE #01184607

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+1(951) 595-9385

heatherpenko@simplihom.com