300 Sequoia Cir Porterville, CA 93257

Property Details for 300 Sequoia Cir

Lot size

2.03 lot acres

Property type

Land

Description

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.