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

Sale Details

Date 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

Downtown Realty Luxury License #02087171 Listed on: 04/07/2022

Last Buyer's Agent

Pete Vander Poel

Armstrong Property Management 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

1.65 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 27, 2022
Sold by
Bought by
Seller's Agent
Eric Blain
Downtown Realty Luxury
Buyer's Agent
Pete Vander Poel
Armstrong Property Management
List Price
$5,900,000
Sold Price
$5,500,000
Premium/Discount to List
-$400,000
-6.78%

Purchase Details

Closed on
Nov 3, 2016
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,500,000 First American Title
-- None Available
$2,893,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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