Seller's Agent in 2025
Mike Brown
Melson Realty, Inc.
(559) 359-4657
14 in this area
65 Total Sales
2373 E Springville Ave Porterville, CA 93257
Porterville Southeast Neighborhood
18
Beds
15
Baths
7,500
Sq Ft
37,897
Sq Ft Lot
Highlights
- 0.87 Acre Lot
- Forced Air Heating and Cooling System
- 1-Story Property
- No HOA
About This Home
As of May 2025Great investment opportunity! Well maintained 10 unit apartment complex, comprised of 5 separate duplexes on one APN at approximately 0.87 acres. There are five - 2 bedroom, 2 bath units, four - 2 bedroom, 1 bath units and one - 1 bedroom, 1 bath unit. One of the duplexes was built first and then at a much later time the other four duplexes were built. Four of the duplexes have brand new roofs and all five of the duplexes will have new paint on the exterior (2 exteriors have been painted already). Seller has been raising rents but is still low on several of them. Included in the income is $500 for utility reimbursement. The current CAP Rate is app. 6.47%, but the potential CAP Rate could be much higher with increased rents, which makes this a very good investment now as well as in the future. Make this the investment opportunity that you have been waiting for!
Last Agent to Sell the Property
Melson Realty, Inc. License #00686133 Listed on: 03/15/2025
Property Details
Home Type
- Multi-Family
Lot Details
- 38,089 Sq Ft Lot
Parking
- No Garage
Home Design
- Composition Roof
Interior Spaces
- 7,500 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 18 Bedrooms
- 15 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Evaporated cooling system
- Wall Furnace
- Natural Gas Connected
- Private Sewer
Community Details
- No Home Owners Association
- Operating Expense $3,463
Listing and Financial Details
- Assessor Parcel Number 263130025000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $1,140,000 | -5.0% | $152 / Sq Ft | |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- | |
| 03/15/2025 03/15/25 | For Sale | $1,200,000 | +50.5% | $160 / Sq Ft | |
| 02/14/2024 02/14/24 | Sold | $797,500 | 0.0% | $106 / Sq Ft | View Prior Sale |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- | |
| 12/12/2023 12/12/23 | For Sale | $797,500 | -- | $106 / 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 | $4,854 | $813,450 | $204,000 | $609,450 |
| 2024 | $4,854 | $469,776 | $48,906 | $420,870 |
| 2023 | $4,855 | $460,566 | $47,948 | $412,618 |
| 2022 | $4,656 | $451,536 | $47,008 | $404,528 |
| 2021 | $4,598 | $442,682 | $46,086 | $396,596 |
| 2020 | $4,530 | $438,142 | $45,613 | $392,529 |
| 2019 | $4,437 | $429,551 | $44,719 | $384,832 |
| 2018 | $4,353 | $421,128 | $43,842 | $377,286 |
| 2017 | $4,278 | $412,870 | $42,982 | $369,888 |
| 2016 | $4,101 | $404,774 | $42,139 | $362,635 |
| 2015 | $3,950 | $398,694 | $41,506 | $357,188 |
| 2014 | $3,950 | $390,884 | $40,693 | $350,191 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Brown
-
Gerardo Gonzalez
Seller's Agent in 2024
Gerardo Gonzalez
Century 21 Jordan-Link & Company
(559) 781-1414
1 in this area
12 Total Sales
Map
Source: Tulare County MLS
MLS Number: 234045
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Tulare County Association of REALTORS®. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Nearby Homes
- 27298 Avenue 146 A
- 2165 E Richard Ave
- 27795 Avenue 146
- 27795 Avenue 146 Unit A
- 0 Apn 263-010-057 Unit 202510732
- 0 Apn 263-020-047 Unit 202510764
- 28800 Worth Dr
- 2002 E Olive Ave
- 0 N Conner ( 54 Acres To South) St
- 0 N Conner ( 54 Acres To North) St
- 14110 Road 284
- 1047 Vandalia Ave
- 1072 E Worth Ave
- 221 N Hillcrest St
- 1363 State St
- 0 E Orange Ave Unit 138623
- 0 E Orange Ave Unit 218757
- 125 N Martin St
- 221 S Leggett St
- 720 E Worth Ave Unit 159
Your Personal Tour Guide
Ask me questions while you tour the home.