1575 Washington Avenue, Oroville, California 95966, Oroville, 95966 - 3 bed, 2 bath
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Oroville, California 95966
This Well-Positioned Residential Asset is a Strong Value Opportunity, listed at $269,000—positioned well below the $284,495 Fair Market Value by 5%. This valuation gap provides $15,495 in Instant Equity. Currently generating $1,400 monthly rent, the home features a Turn-Key Condition Rating with updated LVP flooring, a mini-split HVAC system, and a detached two-car garage with alley access. Located near Oroville High School, it balances immediate cash flow with long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, updated home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1575 Washington Avenue Subject | $255,000* List Price | 3 | 2 | 1,250 | $215 | - |
A 3154 Yard Sold | $310,600 | 3 | 2 | 1,350 | $230 | 0.3 mi |
B 10 Service Circle Sold | $275,000 | 3 | 1 | 1,482 | $186 | 1.0 mi |
C 3462 Argonaut Avenue Sold | $240,000 | 3 | 1 | 1,029 | $233 | 0.6 mi |
D 3180 Grand View Sold | $310,000 | 3 | 2 | 1,616 | $192 | 0.3 mi |
E 9 Linda Sold | $310,000 | 3 | 2 | 1,253 | $247 | 0.8 mi |
F 1680 Hammon Active | $295,000 List Price | 3 | 1 | 1,280 | $230 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and currently serves as a functional rental unit. It features several key modern updates including durable LVP flooring and a mini-split heating and cooling system. While the 1960s construction suggests some dated elements in the kitchen and bathrooms, the overall maintenance and recent infrastructure improvements meet the criteria for a well-maintained, turn-key investment.
The property is currently generating $1,400 per month in rental income, offering a turn-key opportunity for investors seeking immediate revenue and a solid cap rate.
Recent upgrades including a mini-split heating and cooling system and durable LVP flooring enhance energy efficiency and reduce near-term capital expenditure for a new owner.
The detached two-car garage with convenient alley access provides versatile options for secure parking, additional storage, or potential ADU conversion.
Built in 1960, the home may require ongoing maintenance or future updates to aging structural components and utility systems typical of properties from this era.
The 5,227 sq. ft. lot is relatively modest, which may limit significant outdoor expansion or large-scale landscaping projects compared to larger suburban parcels.
Located just minutes from Downtown Oroville, this well-positioned investment property offers both convenience and long-term potential. Situated near Oroville High School and close to local shopping, dining, and everyday amenities, 1575 Washington Avenue provides easy access to the heart of the community while maintaining a comfortable neighborhood setting. Built in 1960, this 3-bedroom, 2-bathroom home spans approximately 1,250 sq. ft. and has seen several thoughtful updates throughout the current ownership, including updated LVP flooring, a mini-split system for efficient heating and cooling, and a newer back fence. The property also features a detached two-car garage with convenient alley access, adding both functionality and additional storage or parking options. The home sits on a fully fenced lot with both front and backyard areas, creating defined outdoor spaces that enhance the overall usability of the property. Currently producing $1,400 per month in rental income, this property offers immediate cash-flow potential for investors looking to expand their portfolio or begin building one. With its desirable location and recent improvements, 1575 Washington Avenue provides a solid opportunity for continued investment potential in the Oroville market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,250 | 1,500 | 28% |
| Lot Size | 5,227.2 | 16,988 | 9% |
| Price | $255.0K | $325.0K | 28% |
| Price per sq ft | $204 | $215 | 44% |
| Built year | 1960 | 1974 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 180 | 7% |
Apr 7, 2026
$255,000
$269,000
-5% Price Drop
Initial Listing
Mar 6, 2026
$269,000
Initial Listing
Jul 20, 2021
$157,500
Public Record
Dec 31, 2013
$31,000
Public Record
Jun 21, 2013
$68,000
Public Record
Aug 10, 2004
$65,500
Public Record