$925,000
Porterville, CA 93257
MLS# 217822
Status: Closed
5 beds | 3 baths | 2970 sqft
1 / 32
Property Description
4 fully rented homes on 10 acres with eventual 30 lot subdivision in the works. There are a total of 12 bedrooms and 7 baths in the 4 homes. Total rental income of $4,320 monthly. There is a 2964 sq. ft. 5 BR 3 BA home ($1700) and 3 additional accessory units, a 3 BR 1 1/2 BA ($1010), and two 2 BR 1 BA homes $800 each). The current owner has been working the property through the City of Porterville to get the 30 lot subdivision approved. It is currently close to approval to sell of 4 existing homes. See attached proposed subdivision map and details from City of Porterville planning.
Details
Maps
Documents
Property Information
Area: Porterville NE
Property Sub-Type: Single Family Residence
Stories: 1
Bedrooms: 5
Total Baths: 3
Full Baths: 2
Street #: 830
Three Quarter Baths: 1
Direction: E
Approx Square Feet: 2970
Street Name: Laurel
SqFt Source: Public Records
Suffix: Avenue
Lot SqFt: 435600
Lot Acres: 10
Lot Size Source: Public Records
Lot Dimensions: Irregular
New Construction: No
Year Built: 1970
State/Province: CA
Year Built Source: Public Records
Zip Code: 93257
Zip Plus 4: 6313
APN: 255190004000
County: Tulare
Common Interest: None
Listing Information
Original List Price: 1200000
List Price/SqFt: 370.37
Status: Closed
Listing Date: 2022-05-20
Listing Price: 1100000
Current Price: $925,000
Showing Information
Directions to Property: Henderson East across Plano until it becomes Laurel Avenue
Remarks
Marketing Remarks: 4 fully rented homes on 10 acres with eventual 30 lot subdivision in the works. There are a total of 12 bedrooms and 7 baths in the 4 homes. Total rental income of $4,320 monthly.
There is a 2964 sq. ft. 5 BR 3 BA home ($1700) and 3 additional accessory units, a 3 BR 1 1/2 BA ($1010), and two 2 BR 1 BA homes $800 each).
The current owner has been working the property through the City of Porterville to get the 30 lot subdivision approved. It is currently close to approval to sell of 4 existing homes. See attached proposed subdivision map and details from City of Porterville planning.
General Information
Pool: No
Garage: No
# of Garage Spaces: 4
HOA: No
Fireplace: Yes
Accessory Dwelling Unit (ADU) Y/N: Yes
Additional Parcels Y/N: No
Spa: No
Tax Information
Land Value: 106088
Improvement Value: 424351
Status Change Info
Status Change Date: 2023-10-18
Pending Date: 2023-04-18
Close Date: 2023-10-18
Close Price: 925000
Close Price/SqFt: 311.45
Accessory Dwelling Unit
ADU Building Type: Detached
ADU Bedrooms: 3
ADU SquareFeet: 1200
ADU Bathrooms: 3
ADU Source: Owner
ADU Parking: Yes
ADU Meter: Separate
ADU Heating: Yes
ADU Floor: First
ADU Cooling: Yes
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Connected
Water: Public
Sewer: Septic Tank
Cooling: Central Air; Evaporative Cooling; Varies by Unit
Heating: Central
Roofing: Composition
Fireplace Features: Wood Burning
Project Overview -Sellers Notes 
Listing Office: Bloom Group, Inc.
Listing Agent: Quinn Atherton
Agent Email: quinn@bloomgroupre.com
Last Updated: September - 22 - 2024
Information deemed reliable but not guaranteed.