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Sequoia Village Multifamily Opportunity

424 S E St, Porterville, CA 93257

For Sale
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Pending

64-unit LIHTC property in Porterville, CA.

Property Size90,000 SF
Days on Market285

Property Features for 424 S E St

General Information

Standard status Pending
Size 90,000 SF
Property subtype Multifamily

Building Details

Year Built 2007
Buildings 9
Stories 2
Units 64
Listing Agency: LIHTC Advisors
Listed By: Cole Evarts · License CA #02250533
Source: Crexi
Added: Jan 30 Changed: Nov 8 Last Checked: Nov 10 at 8:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIHTC Advisors

Rey
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Investment Insights

Based on property information with market context.

Sequoia Village at River’s Edge is a 64-unit Low-Income Housing Tax Credit (LIHTC) family housing property located at 424 S E Street in Porterville, California. Situated in Tulare County’s Central Valley, the property has been operational since 2007, providing affordable housing designed to meet the needs of working families in the region. The property comprises a diverse unit mix, offering one-bedroom through four-bedroom apartments to accommodate a variety of household sizes. Income restrictions target households earning at or below 60% of the Area Median Income (AMI). The property size is 90000 square feet.

Key Highlights

  • Affordable housing for working families in Tulare County.
  • Diverse unit mix with 1- to 4‑bedroom apartments.
  • Located in the agriculturally vibrant Central Valley.

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

700
Businesses Nearby

Demographics for 93257, CA

79,569
Population
25,020
Households
3.2
Avg Household Size
31
Median Age
15%
College-Educated
69%
High-School Grad
378.9 sq mi
ZIP Area
210
Density / Sq Mi
$58,261
Median Household Income
$30,344
Median Earnings
$1,086
Median Rent
$276,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - 64-unit LIHTC property in Porterville, CA.
Where is this apartment building located?
The property is located at 424 S E St Porterville, CA.
What are key features of this property?
This property features: Affordable housing for working families in Tulare County.; Diverse unit mix with 1- to 4‑bedroom apartments.; Located in the agriculturally vibrant Central Valley.
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