554 W Morton Ave
Porterville, CA 93257
Sierra View Apartments · Multifamily Property For Sale
·
29 Units
Property Facts
| No. Units | 29 | Lot Size | 1.02 AC |
| Property Type | Multifamily | Building Size | 23,648 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3 - 1500 - Apartments, Etc.-5+ Units | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 23,648 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3 - 1500 - Apartments, Etc.-5+ Units |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Pool
About 554 W MORTON AVE , PORTERVILLE, CA 93257
Marcus & Millichap is pleased to present Sierra View Apartments, a 29-unit apartment building located at 554 West Morton Avenue in Porterville, California. Porterville is located in Central California’s Tulare County, one of the nation’s top agricultural producers, and is a majority-renter market with a population growth rate that outpaces the national average. The property consists of a 1968 construction courtyard-style building with 29 units on a large 1.02-acre lot. The diverse unit mix consists of 23 two-bed/one-bath units, four three-bed/two-bath units, one one-bed/one-bath unit and one studio. The property offers a competitive amenities package that includes a sparkling pool, on-site laundry, and ample on-site parking. The numerous recent improvements to the property include a new roof, repairs to the parking lot, carport and exterior fencing, updated railings and banisters, redone upper walkways, and new flooring and A/C in some units. Current vacancy is high, presenting an opportunity for a new investor to add value and reposition the asset through improved management, continuing the improvement program and upgrading unit interiors.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 23 | - | - |
| 3+2 | 4 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 252-080-035-000 | Improvements Assessment | $2,122,051 |
| Land Assessment | $381,171 | Total Assessment | $2,503,222 |
Property Taxes
