$1,799,950
Porterville, CA 93257
MLS# 240131
21 beds | 15 baths | 9612 sqft
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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)
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Stories: 1
Bedrooms: 21
Year Built Source: Assessor
Number of Units: 16
Number of Buildings: 4
Total Baths: 15
APN: 260173000000
SqFt Source: Assessor
Lot Acres: 0.6
Lot SqFt: 26136
Lot Size Source: Assessor
Lot Dimensions: 132' x 197'
Additional Parcels Y/N: No
Common Interest: Community Apartment
Year Built: 1966
Street #: 282
Approx Square Feet: 9612
Direction: W
Street Name: Date
Suffix: Avenue
State/Province: CA
Zip Code: 93257
County: Tulare
Area: Porterville SE
Listing Information
List Price/SqFt: 187.26
Original List Price: 1840000
Current Price: $1,799,950
Status: Active
Listing Date: 2026-03-03
Listing Price: 1799950
Showing Information
Directions to Property: From Highway 190 and Jaye Street, head North on Jaye st. Turn right (East) on W. Date St. Property is on the left (North) side of the street on the corner of Date and H st.
Remarks
Marketing Remarks: 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)
General Information
Basement YN: No
Garage: No
Pool: No
HOA: No
Carport YN: No
Solar YN: No
Financial Information
Cap Rate: 5.5
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Unit 1
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1100
Unit Description: 282 - Unit A
Sewer
Public Sewer: 1
Unit 2
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1050
Unit Description: 282 - Unit B
Cooling
Evaporative Cooling: 1
Unit 3
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 606
Unit Description: 282 - Unit C
Heating
Wall Furnace: 1
Unit 4
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 693
Unit Description: 282 - Unit D
Roofing
Composition: 1
Unit 5
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 725
Unit Description: 284 - Unit A
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Submit: 1
Unit 6
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 633
Unit Description: 284 - Unit B
Tenant Pays
Electricity: 1
Gas: 1
Unit 7
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1050
Unit Description: 284 - Unit C (Vacant)
Common Walls
2+ Common Walls: 1
Unit 8
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 704
Unit Description: 284 - Unit D
Owner Pays
Trash Collection: 1
Water: 1
Unit 9
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1100
Unit Description: 286 - Unit A
Unit 10
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1050
Unit Description: 286 - Unit B
Unit 11
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1050
Unit Description: 286 - Unit C
Unit 12
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 750
Unit Description: 286 - Unit D
Unit 13
Number of Bedrooms: 2
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1100
Unit Description: 288 - Unit A
Unit 14
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 970
Unit Description: 288 - Unit B
Unit 15
Number of Bedrooms: 1
Number of Bathrooms: 1
Level: First
Lease: Yes
Total Rent: 1100
Unit Description: 288 - Unit C
Construction
Block: 1
Concrete: 1
Foundation Details
Raised: 1
Laundry Features
Gas Dryer Hookup: 1
Outside: 1
Washer Hookup: 1
Parking Features
Open: 1
Asphalt: 1
Rooms
Kitchen: 1
Living Room: 1
Status Change Info
Status Change Date: 2026-03-04
Property Features
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Evaporative Cooling
Heating: Wall Furnace
Roofing: Composition
Tenant Pays: Electricity; Gas
Owner Pays: Trash Collection; Water
Common Walls: 2+ Common Walls
Construction: Block; Concrete
Foundation Details: Raised
Laundry Features: Gas Dryer Hookup; Outside; Washer Hookup
Listing Terms: Assumable; Cash; Conventional; Submit
Parking Features: Open; Asphalt
Rooms: Kitchen; Living Room
Supplements
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)
IDX
Listing Office: Century 21 Jordan-Link & Company
Listing Agent: Gerardo Gonzalez | gerardo@homesforrentpm.com
Agent Email: gerardo@homesforrentpm.com
Co Office Name: Century 21 Jordan-Link & Company
Co Listing Agent: Mike Allen
Co Agent Email: mike@jordanlink.com
Last Updated: April - 28 - 2026
Information deemed reliable but not guaranteed.