558 Prospect St Porterville, CA 93257
This exceptional property in Porterville, California, presents a unique investment opportunity. Situated on a nearly one-acre lot (32,558 sq ft), this offering includes three buildings totaling 4,272 square feet. The main building, suitable for religious services, features an auditorium with seating for approximately 100, plus six additional rooms ideal for classrooms or offices. A separate building includes a full kitchen, perfect for events or communal gatherings. A 1,260 sq ft, two-bedroom, one-bathroom house, with a separate APN number, is currently generating $1,450 in monthly rental income under a lease expiring February 25th. The main church building and auxiliary building with the kitchen have a potential rental value of $3,500 to $4,200 per month. The property is zoned SFR with a Conditional Use Permit (CUP) in place. Recent interior and exterior painting has been completed on the main church building and the house. This property is priced at $434,000, representing a price per square foot of $101.59. The property's location at 558 S Prospect St, Porterville, CA 93257, offers a peaceful residential setting with significant potential for commercial or residential development. The APN is 268-051-020-000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.