282 W Date Avenue, Porterville, CA 93257
282 W Date Avenue, Porterville, CA 93257
282 W Date Avenue, Porterville, CA 93257
282 W Date Avenue, Porterville, CA 93257
282 W Date Avenue, Porterville, CA 93257
282 W Date Avenue, Porterville, CA 93257
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Lisette Sabrina

Lisette Sabrina

+1(559) 920-8550
$ 1,799,950
Est. payment | /mo

21 Beds

15 Baths

9,612 SqFt

Save
$ 1,799,950
Est. payment | /mo
Save

21 Beds

15 Baths

9,612 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,612 sqft

Price per Sqft $187

MLS Listing ID 240131

Bedrooms 21

Year Built 1966

Lot Size 0.600 Acres

Property Sub-Type Multi Family

Property Description

Introducing a rare opportunity to acquire a 16-unit apartment community located in the heart of Porterville, California. Situated on West Date Street, this well-positioned property offers strong in-place income, long-term upside potential, and an exceptional central location just minutes from Highway 190, shopping centers, schools, and Porterville College. Built in 1960, the property consists of sixteen single-story units featuring a desirable unit mix of eight 1-bedroom/1-bath units and eight 2-bedroom/1-bath units. The single-story layout enhances tenant appeal and reduces long-term maintenance compared to multi-story assets. Property Highlights • 16 Total Units 8 One-Bedroom / One-Bath 8 Two-Bedroom / One-Bath • Single-story construction • 16 on-site parking spaces • City water and sewer • Owner currently pays water and garbage • Gas wall heaters and evaporative coolers • Modern composition shingle roof • Stucco exterior with significant exterior improvements completed Over the years, many of the units have been updated, and substantial work has been completed on the exterior, giving the property a clean, cohesive, and well-maintained appearance. The interior courtyard-style layout creates a functional community feel while maintaining privacy for residents. Income & Investment Potential The property has historically offered affordable rental rates, making it highly attractive to the strong local workforce tenant base. With units economically priced, the asset presents clear upside potential through continued interior upgrades and rent optimization to market levels. Investors will appreciate: • Consistent rental demand due to affordability • Central infill location near employment, retail, and education • Proximity to Highway 190 for regional access • Stable workforce housing fundamentals • Opportunity to improve expense efficiency and RUBS implementation potential (buyer to verify) Investment Summary 282-288 W. State Street represents a compelling opportunity to acquire a stabilized yet value-enhanced multifamily asset in one of Tulare County's established rental markets. With exterior improvements already completed and many units updated, an investor can step into an improved asset with remaining upside potential. This is an ideal acquisition for: • Investors seeking workforce housing • Buyers looking for steady cash flow with future rent growth • Portfolio expansion within Tulare County • 1031 exchange buyers targeting multifamily assets • Possible private loan assumption with 40% down payment (contact listing agent for details)

Location

State CA

County Tulare

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Laundry Gas Dryer Hookup, Outside, Washer Hookup

Exterior

Parking Features Asphalt

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Composition

Building

Story 1

Foundation Raised

Sewer Public Sewer

Tulare County MLS (TCMLS)
Listed by Gerardo Gonzalez • Century 21 Jordan-Link & Company

Nearby Locations

Lisette Sabrina

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 920-8550

lisettesabrinarealestate@gmail.com

PO Box 6052, Visalia, California, 93290, USA

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282 W Date Avenue