
Porterville, CA 93257
This property presents a High-Potential Investment Opportunity with a List Price of $240,000—positioned well below the $200,220 Fair Market Value by -19%. While the property requires significant interior updates, the 3-year-old HVAC system provides a functional foundation for value-add renovations. With a Condition Rating of 5, this asset is primed for strategic capital improvements to maximize rental yield or resale value. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 877 E Thurman Avenue Subject | $240,000* List Price | 3 | 2 | 1,056 | $190 | - |
A 125 N Martin Street Active | $290,000 List Price | 3 | 2 | 1,350 | $215 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 (64 years old) with no mentioned updates to kitchen or bathrooms. While the AC unit is newer (3 years), the listing description emphasizes 'potential' and 'adding value' through work, indicating the interior is likely original or significantly dated (>30 years) and requires rehab.
Priced competitively at $240,000, this property offers a low entry point for first-time buyers or investors to build instant equity through strategic renovations.
The inclusion of a newer AC unit, only three years old, provides significant value and reduces immediate capital expenditure for essential climate control.
The 3-bedroom, 2-bathroom configuration within 1,056 square feet offers a highly functional and desirable layout that maximizes the utility of the living space.
The property is identified as needing work and vision, implying that immediate investment in repairs and cosmetic updates is necessary to make it move-in ready.
Built in 1960, the home may require updates to older systems or materials to meet modern building standards and improve overall energy efficiency.
Discover the potential in this charming single-family home in Porterville, CA, priced at an affordable $250,000. Featuring 3 bedrooms and 2 bathrooms, this property is a fantastic opportunity for first-time home buyers or savvy investors looking to add value.The home offers a functional layout and a newer AC unit (3 years old), giving you a head start on improvements. With a bit of work, this property can truly shine and build instant equity.Whether you're looking for a starter home or your next investment project, this property is full of potential and ready for your vision. Don't miss out on this opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,056 | 1,342 | 33% |
| Lot Size | 6,011 | 6,138 | 33% |
| Price | $240.0K | $285.0K | 33% |
| Price per sq ft | $227 | $212 | 67% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 237 | 33% |
Apr 24, 2026
$240,000
Initial Listing
May 2, 2022
$190,000
Public Record