$1,000,000
PENDING

1037 W Santa fe Ave Merced, CA 95340

Downtown Merced Neighborhood

Estimated payment $6,255/month

Total Views 296
12 Beds
6 Baths
4,356 Sq Ft
$230 Price per Sq Ft

Highlights

  • 0.45 Acre Lot
  • Home Security System
  • Tile Flooring
  • Ductless Heating Or Cooling System
  • Bungalow
  • 3-minute walk to Applegate Park

About This Home

SIX HOMES ON ONE APN! An incredible opportunity awaits with this unique property featuring SIX separate 2-bedroom, 1-bath homes, each offering its own private front and backyard. Plus, each home has it's own detached one-car garage. Situated on a single APN, the homes at 1021,1025, 1029, 1033 (Currently being renovated) 1037 and 1041 W Santa offer a rare setup that provides flexibility and strong income potential — perfect for a first-time investor or a seasoned professional looking to expand their portfolio. Each home is individually metered, with comfortable living spaces and outdoor areas ideal for your tenants. The property is well-maintained and conveniently located near Applegate Park, the expanded Merced Mall, schools, and commuter routes--making it a desirable rental option in any market. Please note--The Property is only being sold with the 3 homes listed at 1045 W Santa Fe. Don’t miss this chance to own a rare multi-unit property with strong investment possibilities.

Listing Agent

Elizabeth Christensen

Re/max Executive Brokerage Phone: 209-489-9070 License #02161352 Listed on: 10/29/2025

Re/max Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 0.45 Acre Lot
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 4,356 Sq Ft Home
  • 1-Story Property
  • Gas Range

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 22 / 33
  • Assessor Parcel Number 030063018000
  • $118 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves
  • Professional Management Expense: 6000.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • View: No
  • Architectural Style: Bungalow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 030063018000
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 229.57
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Ductless, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19500.00
  • Lot Size Acres: 0.4477

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Income: 90696.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 2034.00
  • Lot Size Area: 19500.0000 Square Feet
  • Net Operating Income: 90696.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 7704.00
  • Rent Control: No
  • Total Expenses: 8034.00

Tax Info

  • Tax Block: 33
  • Tax Lot: 22
  • TaxOtherAnnualAssessmentAmount: 118.00

Map

Range of Values:

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Value Increase
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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
11/02/2025 11/02/25 Pending -- -- --
10/29/2025 10/29/25 For Sale $1,000,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC25249037

California Regional Multiple Listing Service (CRMLS)

APN: 030-063-018

California Merced County Merced 95340 Downtown Merced

1037 W Santa fe Ave, Merced, CA

Pending

Detached

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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

Nearby Homes
Listing Agent
Elizabeth Christensen
Section Image
Re/max Executive
(209) 812-8016