Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of 1150 Pine Street, a 16-unit apartment community located in Oroville, California. The property features a highly desirable unit mix comprised entirely of spacious two-bedroom, one-bathroom apartments, with each unit offering approximately 800 square feet of rentable living space. Conveniently located near downtown Oroville, the Feather River, and major local employers, the property benefits from strong rental fundamentals and excellent access to shopping, dining, recreation, and everyday services. Residents enjoy a variety of desirable amenities, including renovated unit interiors, off-street parking, and on-site laundry facilities, all of which contribute to tenant satisfaction and retention. Ownership has also completed significant capital improvements, including the installation of new roofs approximately two years ago, reducing near-term maintenance requirements and future capital expenditure needs. 1150 Pine Street presents an attractive opportunity for investors seeking a well-maintained asset with limited deferred maintenance and meaningful revenue upside. Current rents are estimated to be approximately 20% below market, providing a compelling loss-to-lease opportunity. Through strategic rent growth and focused asset management, a new owner can capitalize on substantial embedded income potential while benefiting from the property's strong all two-bedroom unit configuration and recent property improvements. All tours must be scheduled through listing agent. Do not disturb management or residents.