958 Prospect StPorterville, CA 93257

Property Details for 958 Prospect St

Year built

1968

Property size (Sq ft)

4,272 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Porterville investment opportunity encompasses a mixed-use property spanning 4,272 square feet on a 3,288 square foot lot. The property consists of three buildings situated on nearly an acre of land, presenting significant potential for redevelopment or continued operation as a multi-use facility. Currently, the property includes a 1,260 square foot, two-bedroom, one-bathroom rental house generating $1,250 in monthly income (month-to-month tenancy). Two additional buildings, previously used as a church, offer versatile space. The main building features an auditorium with a capacity of approximately 100 people, six rooms suitable for classrooms or offices, and a separate fellowship hall with a kitchen. These buildings are currently vacant, presenting a significant opportunity for increased rental income. The asking price is $434,900, translating to $101.80 per square foot of rentable space. The property is located at 958 S Prospect St, Porterville, CA 93257, and has two separate Assessor's Parcel Numbers (APNs). While currently zoned for its existing uses, rezoning could unlock further development potential for residential or commercial purposes. The property's size and location make it an attractive investment for those seeking a high-yield property with significant upside potential. Note that the rental house and church buildings must be sold together.

Location Insight

City

Porterville

County

Tulare

State

California

Latitude

36.0483

Longitude

-119.044

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