NOT LISTED FOR SALE
2 Beds
1 Bath
18,150 Sq Ft
0.54 Acres

Last Sold June 28, 2023

Last sale price $2,550,000 $140 Per Sq Ft

37 Days on Market

Highlights

  • 0.54 Acre Lot
  • Two cooling system units
  • Laundry Room

About This Home

As of June 2023

Houston Apartments is comprised of four buildings that were built in 1979. The property is situated on a large 0.54-acre lot and offers 22 two-bedroom units measuring approximately 850 square feet each. The units in Houston Apartments are outfitted with an electric stove, refrigerator, dishwasher, full-size bathroom with shower and tub, and central air conditioning and heating. On-site amenities include a laundry room, covered parking, low-maintenance landscaping, and additional storage space. This offering presents investors with the rare opportunity to acquire an apartment community in a rapidly growing multifamily market with employment opportunities and rent growth exceeding the national average. Colleges in proximity to Houston Apartments include College of Sequoias and SJVC Visalia.

Last Agent to Sell the Property

Cesar Diaz

PONCE & PONCE REALTY, INC License #01966039 Listed on: 05/16/2023

PONCE & PONCE REALTY, INC

Last Buyer's Agent

Jorge Coss

Avante Real Estate License #01466691

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.54 Acre Lot
  • Two or More Common Walls

Parking

  • 11 Open Parking Spaces
  • 22 Car Garage
  • 11 Carport Spaces
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 18,150 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Suburban Location

Utilities

  • Two cooling system units
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 094130010000
  • $8,284 per year additional tax assessments

Community Details

Overview

  • 22 Units

Building Details

  • 21 Leased Units
  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $300
  • Trash Expense $3,056
  • Water Sewer Expense $1,442
  • Operating Expense $16,585
  • Gross Income $15,884
  • Net Operating Income $74,247

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

22

Listing Details

  • Professional Management Expense: 300.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1442.00
  • Zoning: RM2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 094130010000
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 140.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 11.00
  • Garage Spaces: 22.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 44.00
  • Uncovered Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: None
  • Trash Expense: 3056.00
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23696.00
  • Lot Size Acres: 0.5440

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Gross Income: 15884.30
  • Gross Scheduled Income: 90832.00
  • Gross Spendable Income: 15884.00
  • Lot Size Area: 23696.0000 Square Feet
  • Net Operating Income: 74247.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 21
  • Number Of Units Total: 22
  • Operating Expense: 16585.00
  • Rent Control: No
  • Total Expenses: 16585.00

Tax Info

  • Tax Census Tract: 13.05
  • Tax Lot: 4
  • TaxOtherAnnualAssessmentAmount: 8284.00
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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 Prior Sale
02/04/2025 02/04/25 Off Market $2,600,000 -- --
06/28/2023 06/28/23 Sold $2,550,000 +6.3% $140 / Sq Ft
05/16/2023 05/16/23 For Sale $2,400,000 -7.7% $132 / Sq Ft
11/10/2022 11/10/22 Sold $2,600,000 +4.0% $361 / Sq Ft View Prior Sale
08/11/2022 08/11/22 For Sale $2,500,000 +35.1% $347 / Sq Ft
09/15/2020 09/15/20 Sold $1,850,000 0.0% $99 / Sq Ft View Prior Sale
08/01/2020 08/01/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $1,850,000 -- $99 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,506 $1,092,419 $143,575 $948,844
2024 $11,506 $1,071,000 $140,760 $930,240
2023 $11,093 $1,040,910 $241,740 $799,170
2022 $8,167 $785,400 $198,900 $586,500
2021 $8,177 $770,000 $195,000 $575,000
2020 $7,315 $686,993 $183,758 $503,235
2019 $7,081 $673,523 $180,155 $493,368
2018 $5,686 $540,000 $150,000 $390,000
2017 $5,345 $506,155 $82,707 $423,448
2016 $4,218 $396,000 $112,500 $283,500
2015 $3,486 $396,000 $112,500 $283,500
2014 $3,486 $325,000 $112,500 $212,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23083375

California Regional Multiple Listing Service (CRMLS)
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