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345 Pearson Dr, Porterville, CA, 93257

--beds
--baths
0sqft
$675,000
--price/sqft
$4,412/moest. monthly cost
$176,480/yrincome needed

About This Home

Side-by-Side 4-Unit Investment Opportunity - Purchase Individually or as an 8-Unit PackageTwo adjacent 4-plex properties are now available in central Porterville, each offering identical 2-bedroom, 1-bath units. Buyers have the flexibility to acquire one property or secure both as a package deal, creating an 8-unit footprint with operational efficiencies and expanded income potential.This particular 4-unit property reflects clear pride of ownership, with strong curb appeal and a well-maintained exterior. All units are occupied by long-term tenants, providing consistent income from day one.Located in the central part of town near shopping, schools, and daily conveniences, the property benefits from solid rental demand in an appreciating area. There is additional upside through strategic rent adjustments over time, making this a compelling value-add opportunity for investors seeking dependable performance and long-term growth.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

4/10
2/10
Bartlett Middle SchoolGrades 7-80.3 mi
7/10
Porterville High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1973

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 252252002000

Features

  • Levels: Two

Lot

  • Lot size: 7,200 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Earthquake
    EarthquakeModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Earthquake

FEMA Declared Disasters in Tulare County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,413$40,956
Home Insurance *$213$2,556
Property Taxes $388$4,656
Electricity $398$4,786
Total$4,412$52,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$151,268/yr
40% on housing$132,360/yr
45% on housing$117,653/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 93257$464
Tulare County$348

vs Homes Sold Last Month

Median $/sqft

ZIP 93257$229
Tulare County$238

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-27Listed for sale$675,000

For Sale by Agent

AgentRamon Serrato
BrokerageCentral Valley Property Adviso

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