$452,500
SOLD MAY 27, 2025
6 Beds
3 Baths
2,512 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$180 Per Sq Ft

5% Below List Price

117 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Neighborhood Views

About This Home

As of May 2025

Discover this well-maintained tri-plex in Visalia, offering an ideal investment for those seeking immediate cash flow. Each of the three separate units features 2 bedrooms and 1 bathroom, with one unit boasting modern HVAC, while the other two are equipped with cost-effective evaporative cooling and wall heaters. Tenants will appreciate spacious living areas and individual carports for convenient parking, ensuring high occupancy rates and steady rental income.

This property is perfect for investors looking for immediate returns or those wishing to live on-site while benefiting from rental income. With all units currently rented, you're set for cash flow from day one. Its strategic location offers easy access to local amenities, schools, and parks, enhancing tenant appeal and long-term value. Don't miss this fantastic opportunity to expand your real estate portfolio in Visalia's growing market.

Last Agent to Sell the Property

Adrian Herrera

A. Herrera Real Estate License #01960056 Listed on: 03/08/2025

Last Buyer's Agent

Leo Lisitsyn

Dani Blain Real Estate, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,205

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,512 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for trash collection, electricity, gas, sewer
  • The owner pays for water
  • Assessor Parcel Number 097018006000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,205

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Lot Size: irregular
  • Directions: From Laurel and Encina, Head S on Encina. Units are located on the right hand side.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1963
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Water
  • Total Bedrooms: 6

Exterior Features

  • Pool Private: No
  • View: Neighborhood
  • Roof: Composition

Garage/Parking

  • General Information:Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 9148.0
  • Additional Parcels: No
  • Parcel #: 097018006000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Electricity, Gas, Sewer

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2017
Closed on
Nov 29, 2017
Sold by
T K Invenstmenet Co
Bought by
Two Little Boys Land Company Llc
Seller's Agent
Darcy Staberg
DS Realty
Buyer's Agent
Patty Decker
RE/MAX Success
List Price
$270,000
Sold Price
$257,000
Premium/Discount to List
-$13,000
-4.81%
Current Estimated Value
$451,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,549
Avg. Annual Appreciation
7.57%

Purchase Details

Closed on
Oct 16, 2009
Sold by
Iracheta Jaime
Bought by
T K Investment Co

Purchase Details

Closed on
Jun 21, 2007
Sold by
Iracheta Deanne Chavez
Bought by
Iracheta Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 13, 2004
Sold by
Iracheta Deanne Chavez
Bought by
Iracheta Jaime

Purchase Details

Closed on
Jun 8, 2004
Sold by
Bruflat Jeffrey J
Bought by
Iracheta Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1998
Sold by
Souza Bonnie F
Bought by
Bruflat Jeffry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 1998
Sold by
Bruflat Rochelle
Bought by
Bruflat Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 1996
Sold by
Souza Frank Richard and Souza Frank R
Bought by
Kierce Carolyn
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $267,000 Chicago Title Co
Trustee Deed $127,100 None Available
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $212,500 Fidelity National Title Co
Grant Deed $130,000 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $255,000 Negative Amortization
Previous Owner $191,250 Purchase Money Mortgage
Previous Owner $110,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold $452,500 -1.6% $180 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
03/20/2025 03/20/25 Price Changed $460,000 -3.2% $183 / Sq Ft
03/08/2025 03/08/25 For Sale $475,000 0.0% $189 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
11/29/2024 11/29/24 For Sale $475,000 +84.8% $189 / Sq Ft
12/29/2017 12/29/17 Sold $257,000 -4.8% $102 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $270,000 -- $107 / 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 $3,205 $303,798 $73,958 $229,840
2024 $3,205 $297,842 $72,508 $225,334
2023 $3,117 $292,003 $71,087 $220,916
2022 $2,978 $286,279 $69,694 $216,585
2021 $2,981 $280,665 $68,327 $212,338
2020 $2,958 $277,787 $67,626 $210,161
2019 $2,865 $272,340 $66,300 $206,040
2018 $2,811 $267,000 $65,000 $202,000
2017 $1,502 $141,807 $38,927 $102,880
2016 $1,484 $139,027 $38,164 $100,863
2015 $1,442 $136,939 $37,591 $99,348
2014 $1,442 $134,257 $36,855 $97,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 232452

Tulare County MLS

APN: 097-018-006-000