$450,000
SOLD JAN 16, 2025
5 Beds
4 Baths
2,130 Sq Ft
7,533 Sq Ft Lot

Recently Sold

$211 Per Sq Ft

4% Below List Price

50 Days on Market

Highlights

  • No HOA
  • Front Porch
  • Laundry Room
  • Neighborhood Views
  • Living Room
  • Central Heating and Cooling System

About This Home

As of January 2025

We proudly present this exceptional 4-unit multifamily property at 173 E. Oak Ave, Porterville, CA. Built in 1987, this property offers a desirable unit mix of two spacious 1-bedroom units. The Front home is a large two-bedroom with a front yard and a small patio that tenants use for storage. One Studio unit. Large carport for three cars, Small Utility which houses the water heaters. A Coin-operated laundry room and a separate landlord storage room were also used. Ideally situated on a generous lot, next to the ''Rails To Trails Pkwy'' walk / bike path. Downtown location, close to shopping.

Last Agent to Sell the Property

Alicia Gonzales

Downtown Realty License #01220017 Listed on: 10/02/2024

Last Buyer's Agent

Jared Davis

Downtown Realty License #02152342

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,533 Sq Ft Lot
  • North Facing Home
  • Back and Front Yard

Home Design

  • Quadruplex
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,130 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Recirculated Exhaust Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Carport
  • No Garage

Outdoor Features

  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for electricity, gas, hot water
  • The owner pays for water, trash collection
  • Assessor Parcel Number 253160042000

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.17
  • Lot Size: 50x120 estimated (public records)
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Directions: Heading East on Olive Ave. and turn North ''left'' on Main Street then east (right) on E. Oak for 3 business blocks. Property will be on right side next to city trail path.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1987
  • ResoBuildingAreaSource: PublicRecords
  • Rooms:Living Room2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Exhaust Fan, Free-Standing Range, Gas Water Heater
  • Owner Pays: Water, Trash Collection
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Other
  • Appliances:Gas Water Heater: Yes
  • Appliances:Exhaust Fan: Yes
  • Appliances:Free-Standing Range: Yes

Exterior Features

  • Lot Features: Back Yard, Front Yard
  • Pool Private: No
  • View: Neighborhood
  • Waterfront: No
  • Construction Type: Stucco
  • Direction Faces: North
  • Foundation Details: Raised, Slab
  • Patio And Porch Features: Front Porch
  • Roof: Composition
  • Patio and Porch Features:Front Porch: Yes
  • Lot Features:Back Yard: Yes
  • Lot Features:Front Yard: Yes
  • Construction:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • General Information:Garage: No
  • Parking Features:Carport: Yes

Utilities

  • Laundry Features: Laundry Room
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 7533.0
  • Additional Parcels: No
  • Parcel #: 253160042000
  • Zoning Description: Quad-plex
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Hot Water

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2024
Sold by
Porterville Property Ventures Llc
Bought by
Arellano Efrain Torres
Current Estimated Value
$474,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,849
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2018
Sold by
Walker Jerry D
Bought by
Porterville Property Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2013
Sold by
Walker Frankie and Walker Frankie Q
Bought by
Walker Frankie W and Frankie W Walker Revocable Trust

Purchase Details

Closed on
Aug 6, 2007
Sold by
Meyers Robert C
Bought by
Walker Frankie and Mayo Joy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $450,000 Chicago Title
Grant Deed $222,000 Chicago Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $100,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $441,849 FHA
Previous Owner $182,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $450,000 -3.2% $211 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
10/07/2024 10/07/24 Price Changed $465,000 -1.0% $218 / Sq Ft
10/02/2024 10/02/24 For Sale $469,900 0.0% $221 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $469,900 -- $221 / Sq Ft
Source: Tulare County MLS

Tax History Compared to Growth

Source: Public Records

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 $2,630 $247,640 $44,618 $203,022
2024 $2,630 $242,786 $43,744 $199,042
2023 $2,628 $238,027 $42,887 $195,140
2022 $2,546 $233,361 $42,047 $191,314
2021 $2,517 $228,786 $41,223 $187,563
2020 $2,490 $226,440 $40,800 $185,640
2019 $2,446 $222,000 $40,000 $182,000
2018 $2,503 $226,833 $53,293 $173,540
2017 $2,441 $222,385 $52,248 $170,137
2016 $2,683 $249,655 $61,026 $188,629
2015 $2,581 $245,905 $60,109 $185,796
2014 $2,581 $241,089 $58,932 $182,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 231023

Tulare County MLS

APN: 253-160-042-000