282 W Date Ave - Apartments FOR SALE


Porterville, CA 93257
$1,840,000 USD
559-310-4455
282 W Date Ave, Porterville, CA for Sale
$1,840,000 USD
Apartments - FOR SALE
1/11
null | 5.5% Cap Rate

282 W Date Ave
Porterville, CA 93257


HIGHLIGHTS

  • 16-UNIT VALUE-ADD APARTMENT OPPORTUNITY
  • CENTRAL PORTERVILLE LOCATION

OVERVIEW

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 1966, 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. 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 Possible assumable private financing with 40% down (contact listing agent for details) Opportunity to improve expense efficiency and RUBS implementation potential (buyer to verify)

FOR SALE DETAILS

PRICE

$1,840,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

16

PRICE/UNIT

$115,000

CAP RATE

5.5%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM-3

APN/PARCEL ID

260-173-012-000

ASK ABOUT THIS PROPERTY

Mike AllenCENTURY 21 Jordan-Link & CompanyMore Info
559-310-4455

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Mike AllenCENTURY 21 Jordan-Link & CompanyMore Info
559-310-4455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.