NOT LISTED FOR SALE

1018 E 23rd St Merced, CA 95340

1 Bed
1 Bath
2,550 Sq Ft
1955 Built

Last Sold October 22, 2018

Last sale price $206,250 $81 Per Sq Ft

Highlights

  • Lawn
  • Living Room
  • Tile Flooring
  • Evaporated cooling system
  • Laundry Room
  • Outdoor Storage

About This Home

As of October 2018

• All units have similar configuration: 1 bedroom, 1 bath, gas wall heater, kitchen, 20” gas range/stove, and refrigerator.
• About half the units have roof mounted swamp coolers. Swamp coolers are removed and replaced with two wall mounted AC units when they reach end of life.
• Eight units have small private patios.
• Most units have a carport with a storage closet
• Two utility rooms (one on 23rd the other on Barney)

Complex of 48 units is fully occupied.
Last 3 rentals: Feb $ 675 March $ 685 April $690 (middle unit)

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 06/28/2018

Last Buyer's Agent

Peter Huff

Huff Real Estate License #01454712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 10,075 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 2,550 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Outdoor Storage
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 034043038000

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,080
  • Maintenance Expense $600
  • Pest Control $240
  • Professional Management Expense $1,458
  • Supplies Expense $600
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,063
  • Operating Expense $9,837
  • Gross Income $22,842
  • Net Operating Income $13,006

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Other Phone Description: 2093839331
  • Professional Management Expense: 1458.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 600.00
  • Water Sewer Expenses: 1200.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 034043038000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 80.88
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bedroom

Exterior Features

  • Other Structures: Storage
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 240.00
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 10075.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 22842.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 22842.00
  • Gross Scheduled Income: 24300.00
  • Insurance Expense: 1080.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 13006.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9837.00
  • Rent Control: No
  • Total Expenses: 9837.00
  • Vacancy Allowance Rate: 6.00

Tax Info

  • New Taxes Expense: 3063.00
  • Tax Census Tract: 14.01

Range of Values:

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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 Change Sq Ft Price
10/22/2018 10/22/18 Sold $206,250 0.0% $81 / Sq Ft
10/22/2018 10/22/18 Sold $206,250 -15.8% $81 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $245,000 0.0% $96 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $245,000 -- $96 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Yandow

    Seller's Agent in 2018

    Mark Yandow

    Yandow Realty Group

    (209) 270-7891

    7 Total Sales

    Section Image
  • Peter Huff

    Buyer's Agent in 2018

    Peter Huff

    Huff Real Estate

    (209) 261-0592

    34 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18155914

California Regional Multiple Listing Service (CRMLS)

APN: 034-043-044

California Merced County Merced 95340

1018 E 23rd St, Merced, CA

This home is located at 1018 E 23rd St, Merced, CA 95340 since 28 June 2018. This property was built in 1955. 1018 E 23rd St is a home located in Merced County with nearby schools including Charles Wright Elementary School, Herbert Hoover Middle School, and Golden Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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