Property Detail

Description

Incredible Investment & Potential Development Opportunity! Set on approximately 0.75 acres and zoned MHDR (Medium High Density Residential), this unique property offers a blend of immediate rental income and future development potential. With zoning that allows for up to 14 units per acre on 3,500 sq. ft. lot footprints, this site could support around 9 potential dwelling units—pending planning and design approval. According to Thermalito Water & Sewer District, the property includes one water meter and three existing sewer connections, offering a strong infrastructure base for future expansion. The property’s legal description includes 902, 904 & 906 14th Street, though currently improved with one tenant-occupied residence—a 720 sq. ft. home featuring 2 bedrooms and 1 bathroom. A separate 960 sq. ft. detached building (recorded as a garage) adds even more versatility. Once in the process of being converted, it now serves as storage, but could easily be reimagined as a workshop, ADU, or restored garage—ideal for a hobbyist, builder, or investor seeking additional living or income space. There are also RV hookups in the rear pasture, creating potential for temporary income or future site improvements. The property sits just down the street from a newer apartment complex, underscoring the area’s growth and development momentum. Both structures have had newer roofs installed in recent years, and while the home could use some cosmetic TLC, it’s overall in sound condition—perfect for an owner looking to build sweat equity or an investor seeking a value-add project with immediate upside. A prior duplex stood to the rear of existing structures which burned down many years ago. Conveniently located just off Oro Dam Blvd, near schools, public transportation, and only minutes to downtown Oroville, this property combines location, flexibility, and future growth potential rarely found in today’s market. Showings by strict appointment only to pre screened, pre qualified prospects only; NO EXCEPTIONS! Please do not disturb occupants. Disclaimer: The four-legged model pictured at front gate is not included with the property, (although he’s clearly a big fan of the place and does make it look extra fetching!).