NOT LISTED FOR SALE

1002 W 22nd St Merced, CA 95340

Downtown Merced Neighborhood
2 Beds
2 Baths
5,000 Sq Ft
7,492 Sq Ft Lot

Last Sold March 28, 2016

Last sale price $224,000 $45 Per Sq Ft

85 Days on Market

About This Home

As of March 2016

Calling all investors! Great opportunity to own a multi-unit rental property in Merced! Property features 8 total units and a garage building with 4 spaces! Units are all 1 bedroom, 1 bath, previously updated interior, each unit has own gas and electric meter. Great location in the heart of Merced! This is a gem!...just needs a little TLC to make it shine!

Last Agent to Sell the Property

Larissa Sherman

London Properties Ltd, Atwater License #01869953 Listed on: 02/22/2016

Last Buyer's Agent

Larissa Sherman

London Properties Ltd, Atwater License #01869953 Listed on: 02/22/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,492 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Raised Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 030242008000

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $1,000
  • Trash Expense $2,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $2,875
  • Gross Income $3,400
  • Net Operating Income $24,967

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • View: Yes
  • Water Sewer Expenses: 4000.00
  • Property Type: Residential Income
  • Parcel Number: 030242008000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 44.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 7492.00
  • Price Per Lot Square Foot: 29.90
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 3400.00
  • Gross Scheduled Income: 39360.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7492.0000 Square Feet
  • Net Operating Income: 24967.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 12425.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2875.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2016 03/28/16 Sold $224,000 -6.3% $45 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
11/29/2015 11/29/15 For Sale $239,000 -- $48 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Larissa Sherman

    Seller's Agent in 2016

    Larissa Sherman

    London Properties Ltd, Atwater

    (209) 658-3260

    7 in this area

    148 Total Sales

    Larissa Sherman
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC15253770

California Regional Multiple Listing Service (CRMLS)

APN: 030-242-008

California Merced County Merced 95340 Downtown Merced

1002 W 22nd St, Merced, CA

Not Listed for Sale

MultiFamily

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