282 W Date Avenue, Porterville, CA 93257
Local realty services provided by:CENTURY 21 Jordan-Link
282 W Date Avenue,Porterville, CA 93257
$1,840,000
- 21 Beds
- 15 Baths
- 9,612 sq. ft.
- Multi-family
- Active
Listed by:
MLS#:240131
Source:CA_TCMLS
Price summary
- Price:$1,840,000
- Price per sq. ft.:$191.43
About this home
Introducing a rare opportunity to acquire a 16-unit apartment community located in the heart of Porterville, California. Situated on West Date Street, this well-positioned property offers strong in-place income, long-term upside potential, and an exceptional central location just minutes from Highway 190, shopping centers, schools, and Porterville College. Built in 1960, the property consists of sixteen single-story units featuring a desirable unit mix of eight 1-bedroom/1-bath units and eight 2-bedroom/1-bath units. The single-story layout enhances tenant appeal and reduces long-term maintenance compared to multi-story assets. Property Highlights • 16 Total Units 8 One-Bedroom / One-Bath 8 Two-Bedroom / One-Bath • Single-story construction • 16 on-site parking spaces • City water and sewer • Owner currently pays water and garbage • Gas wall heaters and evaporative coolers • Modern composition shingle roof • Stucco exterior with significant exterior improvements completed Over the years, many of the units have been updated, and substantial work has been completed on the exterior, giving the property a clean, cohesive, and well-maintained appearance. The interior courtyard-style layout creates a functional community feel while maintaining privacy for residents. Income & Investment Potential The property has historically offered affordable rental rates, making it highly attractive to the strong local workforce tenant base. With units economically priced, the asset presents clear upside potential through continued interior upgrades and rent optimization to market levels. Investors will appreciate: • Consistent rental demand due to affordability • Central infill location near employment, retail, and education • Proximity to Highway 190 for regional access • Stable workforce housing fundamentals • Opportunity to improve expense efficiency and RUBS implementation potential (buyer to verify) Investment Summary 282-288 W. State Street represents a compelling opportunity to acquire a stabilized yet value-enhanced multifamily asset in one of Tulare County's established rental markets. With exterior improvements already completed and many units updated, an investor can step into an improved asset with remaining upside potential. This is an ideal acquisition for: • Investors seeking workforce housing • Buyers looking for steady cash flow with future rent growth • Portfolio expansion within Tulare County • 1031 exchange buyers targeting multifamily assets • Possible private loan assumption with 40% down payment (contact listing agent for details)
Contact an agent
Home facts
- Year built:1966
- Listing ID #:240131
- Added:1 day(s) ago
- Updated:March 06, 2026 at 03:31 PM
Rooms and interior
- Bedrooms:21
- Total bathrooms:15
- Living area:9,612 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition
- Year built:1966
- Building area:9,612 sq. ft.
- Lot area:0.6 Acres
- Construction Materials:Block, Concrete
- Foundation Description:Raised
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,840,000
- Price per sq. ft.:$191.43
Features and amenities
- Laundry features:Gas Dryer Hookup, Outside, Washer Hookup
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