300 Sequoia Cir Porterville, CA 93257
48-Unit Apartment Development Site
Property Features for 300 Sequoia Cir
General Information
- Property type
- Land
- Lot Size
- 88,427 SF
Listing Agency: KW Commercial | Central California Listing Agent: Jared Ennis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity in Porterville, CA, presenting ±2.03 acres (APN 247-160-036, 037, 040, 043, 044, 045, & 046) zoned RM-3. This shovel-ready site boasts a tentative map approved for a 48-unit multifamily apartment complex, comprising five two-story buildings with a mix of 32 one-bedroom and 16 two-bedroom units. The development plan includes 124 parking spaces (2.5 spaces per unit), 10,000 square feet of open space (9,600 square feet actively utilized), and a planned rod iron fence. All curb, gutter, street lighting, and underground utilities are already in place, significantly reducing development costs and timelines. The property's prime location near Henderson Avenue offers convenient highway access and proximity to regional retail developments, schools, the airport, and the city center. This high-density zoning allows for reduced minimum setbacks, maximizing buildable area. The asking price is $645,000. This is a fantastic opportunity for developers seeking a ready-to-build multifamily project in a thriving area with strong demand for rental housing. The seven parcels are free and clear, making this a streamlined acquisition process.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Porterville
- County
- Tulare
- State
- California
- Longitude
- -119.0235752
- Latitude
- 36.0816377
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FAQs
What type of property is this?
Land - 48-Unit Apartment Development Site
Where is this land located?
The property is located at 300 Sequoia Cir Porterville, CA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Free and clear, shovel-ready 12.03-acre site in Porterville, CA, ready for immediate development.; Proposed 48-unit multifamily apartment complex with 16 two-bedroom and 32 one-bedroom units in five two-story buildings.; All utilities (curb, gutter, street lighting, and underground) are already in place.