2301 Oro Quincy, Oroville, California 95966, Oroville, 95966 - 2 bed, 1 bath
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Oroville, California 95966
Analysis of 2301 Oro Quincy, Oroville, California 95966 is currently available with a list price of $336,600. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Oroville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1964 with no recorded major renovations, the property is primarily marketed as a development opportunity rather than a move-in ready home. The existing structure likely requires substantial rehabilitation or modernization, as evidenced by the significantly below-market rent and the listing's emphasis on land value and high-density rezoning potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50094, living area = 3024.
The MXN (Mixed Use) zoning allows for up to 30 dwelling units per acre, providing a significant opportunity for multi-family or townhouse development in a high-demand area.
The site is development-ready with sewer, water, power, phone, and gas already available at the street or on-property, significantly reducing initial site preparation costs.
PG&E power lines restrict the buildable area to approximately 0.70 acres, limiting structure placement and requiring the remaining land to be used only for parking or landscaping.
The existing 3,024 sqft structure is currently occupied by a tenant paying only $850 per month, which is well below market value and may complicate immediate cash flow or development timelines.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 3,024 | 1,509 | 97% |
| Lot Size | 50,094 | 17,206 | 70% |
| Price | $336.6K | $325.0K | 53% |
| Price per sq ft | $111 | $215 | 4% |
| Built year | 1964 | 1974 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 342 | 181 | 91% |
May 15, 2025
$336,600
Initial Listing
Oct 25, 2022
$340,000
Public Record
Nov 19, 2004
$225,000
Public Record