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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Apartment buildings
256 Morton Ave, Porterville, CA 93257-3584
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-5961966
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1934
Construction
WOOD
Total area
3,512 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R-3
APN
252-095-007-000
UPID
US09-5961966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$545k
Owner & transaction history
Golden Boys Holdings LLC
Golden Boys Holdings LLC
since 2025
Last sale
$645,000
6 recorded transactions
Zoning & alternative use
R-3 · Porterville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+79.3%
Medical building
$710,000
+48.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Porterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Porterville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$475,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$480,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$710,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$450,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$410,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$390,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $645k (Jun 16 2025)
Last sale anchor
$645k
Jun 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$155 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,269
Tax year 2024
Assessed value
$394,052
Assessed 2024
Previous assessed
$394,052
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$164,189
Assessed improvement
$229,863
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1934
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Buildings
2
Stories
2
Units
6
Bathrooms
6
Total area
3,512 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R-3
APN
252-095-007-000
UPID
US09-5961966
Jurisdiction
TULARE
Zoning & alternative use
R-3 · Porterville, CA
Zoning R-3 · permitted uses
R-3 · Porterville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Porterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$855,000
MEDICAL BUILDING
Est. value
$710,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$410,000
RETAIL STORES
Est. value
$390,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1934
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
2
Units
6
Bathrooms
6
Lot
0.25 ac
Current owner
From public records · entity-resolved
Golden Boys Holdings LLC
Entity
Mailing address
464 N PLANO ST, PORTERVILLE, CA 93257-4002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
$645,000
Golden Boys Holdings LLC
Alex Burgos
Grant Deed
$580,000 · G Deb Investments INC
Feb 1, 2024
$475,000
Alex Burgos
Angel M Ramirez
Grant Deed
—
Nov 29, 2006
$300,000
Angel M Ramirez
Pham,julie
Grant Deed
—
Nov 29, 2006
—
Julie Pham
Tran,gioi
Grant Deed
related
—
Aug 31, 2005
$240,000
Julie Pham
Walker,jerry D & Deloris J
Grant Deed
$180,000 · Jerry D & Deloris J Walker
Aug 15, 1996
$100,000
Jerry D Walker
Brunson,frank G & Harriett F
Grant Deed
$80,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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