$458,000
SOLD NOV 26, 2024

1206 U St Merced, CA 95341

South Merced Neighborhood
6 Beds
4 Baths
2,088 Sq Ft
7,500 Sq Ft Lot

Recently Sold

$219 Per Sq Ft

13% Below List Price

87 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • El Capitan High School Rated A-

About This Home

As of November 2024

Are you searching for your next great multifamily investment in Merced? Look no further. This well-maintained four-unit property offers tremendous potential for a fantastic possibility. Conveniently tucked away, this property has consistently attracted excellent tenants, including several long-term residents. With the opportunity to increase rents, this investment offers a strong potential cap rate. Call me for more information today!

Last Agent to Sell the Property

Eric Jaurique-Pouncey

BHGRE Everything Real Estate Brokerage Phone: 209-769-3934 License #02154006 Listed on: 08/01/2024

BHGRE Everything Real Estate

Last Buyer's Agent

Jose Cibrian

Exit Realty Consultants License #01976111

Exit Realty Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex

Interior Spaces

  • 2,088 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / 260
  • Assessor Parcel Number 031281008000
  • $114 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,714
  • Maintenance Expense $1,682
  • Other Expense $1,293
  • Professional Management Expense $2,404
  • Water Sewer Expense $4,555
  • Operating Expense $12,650
  • Gross Income $30,060
  • Net Operating Income $17,410

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 125000
  • Professional Management Expense: 2404.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4555.00
  • Zoning: R-3-1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 031281008000
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 219.35

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30060.00
  • Gross Scheduled Income: 30060.00
  • Insurance Expense: 2714.00
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 1681.50
  • Net Operating Income: 17410.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12650.00
  • Other Expense: 1293.00
  • Other Expense Description: Taxes
  • Rent Control: No
  • Total Actual Rent: 30060.00
  • Total Expenses: 12650.00

Tax Info

  • Tax Block: 260
  • Tax Census Tract: 15.02
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 114.00

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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
11/26/2024 11/26/24 Sold $458,000 -8.4% $219 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
09/30/2024 09/30/24 Price Changed $500,000 -4.8% $239 / Sq Ft
08/01/2024 08/01/24 For Sale $525,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Jaurique-Pouncey

    Seller's Agent in 2024

    Eric Jaurique-Pouncey

    BHGRE Everything Real Estate

    (209) 383-7653

    3 in this area

    36 Total Sales

    Eric Jaurique-Pouncey
    Section Image
  • Jose Cibrian

    Buyer's Agent in 2024

    Jose Cibrian

    Exit Realty Consultants

    (209) 658-9116

    4 in this area

    88 Total Sales

    Jose Cibrian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC24158649

California Regional Multiple Listing Service (CRMLS)

APN: 031-281-008

California Merced County Merced 95341 South Merced

1206 U St, Merced, CA

This home is located at 1206 U St, Merced, CA 95341 and is currently priced at $458,000, approximately $219 per square foot. This property was built in 1960. 1206 U St is a home located in Merced County with nearby schools including Leontine Gracey Elementary School, Tenaya Middle School, and El Capitan High School.

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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

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