Seller's Agent in 2017
Mark Yandow
Yandow Realty Group
(805) 801-6644
6 Total Sales
1101 E Santa fe Ave Merced, CA 95340
1
Bed
3
Baths
29,400
Sq Ft
0.4
Acres
Highlights
- Gunite Pool
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Fireplace in Kitchen
- Resident Manager or Management On Site
- Tile Flooring
About This Home
As of June 2017Evergreen Park apartments are located at the intersection of East Santa Fe and Glen, conveniently located on a bus route, walking distance to multiple schools, and ten minutes to the UC Merced Campus (~20% of tenants are students).
The property is functionally full, with a a couple of move in and move outs each month. and rents are now moving up. The rent on a new studio rental has increased to $ 500; 1 bedrooms to $ 600.
There are eight buildings, each with the same configuration. Unit #1 is 1 large 1 bedroom, units 2-3-4 are downstairs studios, unit units 6-7-8 are upstairs studios, unit #5 is a downstairs studio with no unit above, a laundry room and a storage unit. In general, two building face each other with enclosed courtyards. There is a built in fenced pool for the tenants use.
The office is located in the 1121 building. The complex has a payment kiosk, that allows tenants to pay rent 24 hours a day via debit/credit cards, checks or money orders.
Gross Rent Multiplier of 8.6.
The complex is listed significantly below replacement cost. The cost of a building permit / entitlement fees is roughly the same amount as the $46,0000 per unit list price.
Last Agent to Sell the Property
Yandow Realty Group License #00594950 Listed on: 05/20/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 0.4 Acre Lot
- 1 Common Wall
- Wrought Iron Fence
- Landscaped
- Sprinklers Throughout Yard
Home Design
- 29,400 Sq Ft Home
- Property Attached
- Slab Foundation
- Concrete Roof
Kitchen
- Electric Cooktop
- Fireplace in Kitchen
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 3 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Parking Available
- Unassigned Parking
Pool
- Gunite Pool
- Fence Around Pool
Utilities
- Cooling System Mounted To A Wall/Window
- Heat Pump System
- Electric Water Heater
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Assessor Parcel Number 033240015000
Community Details
Overview
- 8 Buildings
- 64 Units
Recreation
- Community Pool
Building Details
- 58 Separate Electric Meters
- 58 Separate Gas Meters
- Electric Expense $12,000
- Insurance Expense $14,000
- Professional Management Expense $15,000
- Trash Expense $6,000
- Water Sewer Expense $30,000
- New Taxes Expense $29,400
- Operating Expense $208,000
- Gross Income $28,200
- Net Operating Income $160,000
Additional Features
- Laundry Facilities
- Resident Manager or Management On Site
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2017 06/16/17 | Sold | $2,750,000 | -8.3% | $94 / Sq Ft |
| 05/31/2017 05/31/17 | Pending | -- | -- | -- |
| 05/20/2017 05/20/17 | For Sale | $3,000,000 | -- | $102 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,784 | $1,028,309 | $75,769 | $952,540 |
| 2024 | $10,784 | $1,008,147 | $74,284 | $933,863 |
| 2023 | $10,634 | $988,380 | $72,828 | $915,552 |
| 2022 | $10,497 | $969,000 | $71,400 | $897,600 |
| 2021 | $10,474 | $950,000 | $70,000 | $880,000 |
| 2020 | $8,197 | $729,578 | $72,957 | $656,621 |
| 2019 | $8,075 | $715,274 | $71,527 | $643,747 |
| 2018 | $7,368 | $701,250 | $70,125 | $631,125 |
| 2017 | $4,878 | $438,182 | $93,473 | $344,709 |
| 2016 | $4,801 | $429,591 | $91,641 | $337,950 |
| 2015 | $4,725 | $423,139 | $90,265 | $332,874 |
| 2014 | $4,152 | $372,500 | $35,000 | $337,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Yandow
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC17112591
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.
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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