NOT LISTED FOR SALE
16 Beds
16 Baths
30,820 Sq Ft
1.65 Acres

Last Sold June 10, 2022

Last sale price $5,500,000 $178 Per Sq Ft

17 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Security Gate
  • 1.65 Acre Lot
  • 13 Car Attached Garage
  • Closed Circuit Camera

About This Home

As of June 2022

Amazing investment opportunity with this well maintained complex! Cherry Heights is a gated complex situated in a prime location of Tulare, within close distance to shopping, schools, parks, restaurants, and hospital, with ease of access to the freeway. All units have washer/dryer, microwave, dishwasher, and covered car port parking. Newer exterior paint & new 4k security cameras have been installed. Apartment's gross rents is $35,870. 36 Total Units. Twelve Upstairs Units - 2/1 - 780 sq ft. Twelve Downstairs Units - 1/1 - 780 sqft. Eleven Townhome Units - 2/1.5 - 1100 sq ft w/attached 1-car garage. One manager's unit - 2/2 + small office w/attached 2-car garage.
Come quick before this investment opportunity is gone!

Last Agent to Sell the Property

Eric Blain

AXEN Realty License #02087171 Listed on: 04/07/2022

Last Buyer's Agent

Pete Vander Poel

Vander Poel and Company License #01894662

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 1.65

Parking

  • 13 Car Attached Garage
  • Carport

Home Design

  • Composition Roof

Interior Spaces

  • 30,820 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Closed Circuit Camera

Additional Features

  • 1.65 Acre Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 170340018000

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Parking

13

Listing Details

  • Property Sub Type: 5+ Units
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.65
  • Lot Size: Buyer to verify.
  • Directions: From E Prosperity Ave & N Cherry St, go South on Cherry St.
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1993
  • ResoBuildingAreaSource: Owner
  • Appliances Dryer: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dryer, Oven, Range, Washer
  • Total Bedrooms: 16
  • Appliances:Oven: Yes
  • Security Features:Gated Community: Yes
  • Appliances Range: Yes

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 13.0
  • Parking Features: Attached, Carport
  • General Information:Garage: Yes
  • General Information:_pound_ of Garage Spaces: 13.0
  • Parking Features:Attached: Yes
  • Parking Features:Carport: Yes
  • Unit 1:Garage Spaces: 1
  • Unit 2:Garage Spaces2: 1
  • Unit 3:Garage Spaces3: 1
  • Unit 1:Garage Attached: Yes
  • Unit 2:Garage Attached2: Yes
  • Unit 4:Garage Attached4: Yes
  • Unit 4:Garage Spaces4: 1
  • Unit 5:Garage Spaces5: 1
  • Unit 3:Garage Attached3: Yes

Utilities

  • Laundry Features: Inside
  • Security: Closed Circuit Camera(s), Gated Community, Security Gate
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 71874.0
  • Additional Parcels: No
  • Parcel #: 170340018000
  • ResoLotSizeUnits: Acres

Multi Family

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $5,500,000 -6.8% $178 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $5,900,000 -- $191 / Sq Ft
Source: Tulare County MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,972 $5,836,643 $848,966 $4,987,677
2024 $20,972 $5,722,200 $832,320 $4,889,880
2023 $61,912 $5,610,000 $816,000 $4,794,000
2022 $32,269 $2,952,844 $869,448 $2,083,396
2021 $31,856 $2,894,945 $852,400 $2,042,545
2020 $32,389 $2,865,261 $843,660 $2,021,601
2019 $33,206 $2,809,080 $827,118 $1,981,962
2018 $32,671 $2,754,000 $810,900 $1,943,100
2017 $32,368 $2,700,000 $795,000 $1,905,000
2016 $33,136 $2,833,877 $426,635 $2,407,242
2015 $32,024 $2,791,310 $420,227 $2,371,083
2014 $32,024 $2,736,632 $411,995 $2,324,637
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 216916

Tulare County MLS