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The Arbors at Hewitt Park 1776 Daryl Porter Way 14 Unit Apartment Building $1,800,000 ($128,571/Unit) 7.36% Cap Rate Oroville, CA 95966
INVESTMENT HIGHLIGHTS
- Recent full renovation
- Gated pool
- Onsite laundry
- Next-door to an expanding park
- Parking lot
EXECUTIVE SUMMARY
Introducing The Arbors at Hewitt Park, a fully renovated 14-unit apartment complex in the growing Oroville market. This turnkey asset consists of 8 2-bedroom units and 6 1-bedroom units, all 100% occupied and generating $18,400 in gross monthly income ($220,800 annually). The property has undergone a recent, full renovation, offering incoming investors a stabilized, low-maintenance asset with strong in-place cash flow from day one. Positioned at the end of a cul-de-sac, the property features a gated pool, on-site laundry, a recently updated parking lot, and low-maintenance landscaping. Directly adjacent is Hewitt Park, which is currently undergoing a major expansion enhancing the tenant experience, boosting long-term desirability, and adding immediate value-upside to the location. With the expanding location amenities, recent full renovation and excellent current in-place rents, this is a great property for an investor to add to their portfolio for immediate cash-flow and long term potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $128,571 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 9,412 SF |
| Cap Rate | 7.36% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RP - High-Density Residential/Professional | ||
| Price | $1,800,000 |
| Price Per Unit | $128,571 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 9,412 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2024 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RP - High-Density Residential/Professional |
AMENITIES
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 012-160-058-000 | Improvements Assessment | $950,000 |
| Land Assessment | $150,000 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
012-160-058-000
Land Assessment
$150,000
Improvements Assessment
$950,000
Total Assessment
$1,100,000
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The Arbors at Hewitt Park | 1776 Daryl Porter Way
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