NOT LISTED FOR SALE

709 E Houston Ave Visalia, CA 93292

Downtown Visalia Neighborhood
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

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

  • Price Per Unit: 109091
  • 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
  • Entry Location: 1st
  • 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

Range of Values:

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Sold Price
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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 Change Sq Ft Price
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
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cesar Diaz

    Seller's Agent in 2023

    Cesar Diaz

    PONCE & PONCE REALTY, INC

    (909) 915-9291

    1 in this area

    208 Total Sales

    Cesar Diaz
    Section Image
  • Jorge Coss

    Buyer's Agent in 2023

    Jorge Coss

    Avante Real Estate

    (209) 499-8465

    1 in this area

    22 Total Sales

    Jorge Coss
    Section Image

  • L

    Seller's Agent in 2022

    Louis Kwok

    Marcus & Millichap

  • Y

    Buyer's Agent in 2022

    Yanira Zazueta

    (909) 429-2120

    1 in this area

    10 Total Sales

    Yanira Zazueta
    Section Image

  • R

    Seller's Agent in 2020

    Robin Kane

    RCK Organization

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23083375

California Regional Multiple Listing Service (CRMLS)
California Tulare County Visalia 93292 Downtown Visalia

709 E Houston Ave, Visalia, CA

This home is located at 709 E Houston Ave, Visalia, CA 93292 since 16 May 2023. This property was built in 1979. 709 E Houston Ave is a home located in Tulare County with nearby schools including Four Creeks Elementary School, Valley Oak Middle School, and Golden West High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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