NOT LISTED FOR SALE
8 Beds
4 Baths
3,000 Sq Ft
7,501 Sq Ft Lot

Last Sold December 28, 2015

Last sale price $212,000 $71 Per Sq Ft

22 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Evaporated cooling system

About This Home

As of December 2015

Great investment opportunity with this 4-plex for those wanting a steady income stream. Three units have been upgraded with granite counter tops in the kitchen and new vanities in the bathrooms. All units are 2 bedroom, 1 bath with approximately 750 square feet. Currently three out of the four units are rented. There are onsite storage lockers for each unit and onsite laundry coin-operated machines. Property is located close to the park.

Last Agent to Sell the Property

Kyle Allen

London Properties Ltd - Merced License #01413347 Listed on: 09/22/2015

Co-Listed By

Scott Messing

Century 21 Select Real Estate License #01883959

Last Buyer's Agent

Non-Member (Merced)

Merced Non-Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 3,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Uncovered Parking

Utilities

  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 031324006000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $2,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $1,200
  • Gross Income $2,415
  • Net Operating Income $21,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 031324006000
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 70.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7501.00
  • Price Per Lot Square Foot: 28.26
  • Lot Size Acres: 0.1720

Multi Family

  • Average2 Bed Area: 750
  • Gross Income: 2415.00
  • Gross Scheduled Income: 28980.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 21780.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 7200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1200.00

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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Average Value
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List Price
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
12/28/2015 12/28/15 Sold $212,000 -11.6% $71 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $239,900 -- $80 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,654 $250,701 $53,268 $197,433
2024 $2,654 $245,814 $52,224 $193,590
2023 $2,617 $241,022 $51,200 $189,822
2022 $2,583 $236,325 $50,197 $186,128
2021 $2,577 $231,719 $49,213 $182,506
2020 $2,597 $229,358 $48,709 $180,649
2019 $2,560 $225,029 $47,754 $177,275
2018 $2,335 $220,508 $46,818 $173,690
2017 $2,423 $216,212 $45,900 $170,312
2016 $2,386 $212,000 $45,000 $167,000
2015 $1,201 $105,909 $15,676 $90,233
2014 $1,176 $103,862 $15,369 $88,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC15209723

California Regional Multiple Listing Service (CRMLS)

APN: 031-324-006