NOT LISTED FOR SALE

2373 E Springville Ave Porterville, CA 93257

Porterville Southeast Neighborhood
18 Beds
15 Baths
7,500 Sq Ft
0.87 Acre Lot

Sale Details

Date Sold: May 15, 2025

Last sale price $1,140,000 $152 Per Sq Ft

13 Days on Market

Highlights

  • 0.87 Acre Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA

About This Home

As of May 2025

Great 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

Mike Brown

Melson Realty, Inc. License #00686133 Listed on: 03/15/2025

Last Buyer's Agent

Mike Brown

Melson Realty, Inc. License #00686133 Listed on: 03/15/2025

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

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

Property Details

Home Type

Multi-Family

Lot Details

0.87 Acres

Listing Details

  • Property Sub Type: 5+ Units
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.87
  • Lot Size: Irregular
  • MLS Status: Closed
  • Standard Status: Closed
  • Directions: From the corner of Plano and Date Avenue, go east on Date until it becomes Springville Avenue, then go further east on Springville Avenue until you come to subject property on the south side of the road.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1000
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bedrooms: 18

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • General Information:Garage: No

Utilities

  • Cooling: Central Air, Evaporative Cooling
  • Heating: Forced Air, Wall Furnace
  • Sewer: Private Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 38089.0
  • Additional Parcels: No
  • Parcel #: 263130025000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 10
  • Annual Operating Expense: 3463.0

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Porterville Southeast, CA

  • Sarah Case Real Estate Agent - RE/MAX Success

    Sarah Case

    RE/MAX Success

    (559) 608-3980

    128 Total Sales

    2 in Porterville Southeast

    $398K - $590K Price Range

    Sarah Case
     Section Image
  • Sherri Camargo Real Estate Agent - Majestic Palm Realty

    Sherri Camargo

    Majestic Palm Realty

    (661) 535-0262

    84 Total Sales

    1 in Porterville Southeast

    $420,000 Price

    Sherri Camargo
     Section Image
  • Edson Miranda Real Estate Agent - OFFERCITY HOMES

    Edson Miranda

    OFFERCITY HOMES

    (951) 400-0508

    41 Total Sales

    1 in Porterville Southeast

    $250,000 Price

    Edson Miranda
     Section Image
  • Sandi McDonough Real Estate Agent - Real Brokerage Technologies

    Sandi McDonough

    Real Brokerage Technologies

    (669) 219-8612

    69 Total Sales

    1 in Porterville Southeast

    $45,000 Price

    Sandi McDonough
     Section Image
  • Rosa Hurtado Real Estate Agent - Equity Union

    Rosa Hurtado

    Equity Union

    (661) 481-7789

    27 Total Sales

    1 in Porterville Southeast

    $135,000 Price

    Rosa Hurtado
     Section Image
  • Margaret Gomez Real Estate Agent - Legacy Real Estate Inc

    Margaret Gomez

    Legacy Real Estate Inc

    (559) 354-2108

    58 Total Sales

    1 in Porterville Southeast

    $243,000 Price

    Margaret Gomez
     Section Image
See All Agents

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
$1,140,000 Stewart Title Of California
Della Dustin $797,500 Stewart Title Of California
Guenther Edward D -- --
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 $855,000
Previous Owner Della Dustin $600,000
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 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

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 $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 Real Estate Agent - Melson Realty, Inc.

    Seller's Agent in 2025

    Mike Brown

    Melson Realty, Inc.

    (559) 359-4657

    14 in this area

    59 Total Sales

    Mike Brown
    Section Image
  • Gerardo Gonzalez Real Estate Agent - Century 21 Select Real Estate

    Seller's Agent in 2024

    Gerardo Gonzalez

    Century 21 Select Real Estate

    (559) 781-1414

    2 in this area

    14 Total Sales

    Gerardo Gonzalez
    Section Image
See All Agents

Map

Source: Tulare County MLS

MLS Number: 234045

Tulare County MLS
California Tulare County Porterville 93257 Porterville Southeast

2373 E Springville Ave, Porterville, CA

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.

Tulare County MLS 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
Your Personal Tour Guide

Ask me questions while you tour the home.