$1,035,999
SOLD JUN 23, 2025
14 Beds
-- Bath
7,256 Sq Ft
0.34 Acres

Recently Sold

$143 Per Sq Ft

159% Above List Price

51 Days on Market

Highlights

  • 0.34 Acre Lot
  • Security Gate
  • Coin Laundry

About This Home

As of June 2025

Worldbid auction - Court Ordered. 15 unit apartment complex is the heart of Merced. Under market rents! Qualifying round sealed bids due April 23, 2025 Noon PT. Proof of funds to close required with bid submission. Completely non contingent auction. Buyers must conduct due diligence in advance of the auction. If you are obtaining a loan, lender approval letter required with bid submission. Gated 2 story complex. Proforma rents of $191,688. 86.7% occupied. Review the offering memorandum for bidding information and property information. Seller is not providing any inspection reports. Current appraised value $900,000.Sealed bid auction contract attached. Review property information at Braunworldbid.com/commercial property auctions.

Last Agent to Sell the Property

Anthony Fitzgerald

Premiere Estates International License #01248708 Listed on: 03/18/2025

Last Buyer's Agent

Anthony Fitzgerald

Premiere Estates International License #01248708 Listed on: 03/18/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot

Home Design

  • Garden Apartment
  • Stucco

Interior Spaces

  • 7,256 Sq Ft Home
  • 2-Story Property
  • Security Gate

Parking

  • 15 Parking Spaces
  • Covered Parking

Listing and Financial Details

  • Assessor Parcel Number 031-161-005-000

Community Details

Building Details

  • 12 Leased Units
  • 3 Vacant Units
  • 12 Units Leased Month-To-Month

Additional Features

  • 15 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Garden Apartments
  • Stories: 2
  • Year Built: 1962
  • Special Features: Auction

Interior Features

  • Flooring: See Remarks
  • Laundry Features: Coin Operated
  • Price Per Square Foot: 142.78
  • Square Footage: 7256.00

Exterior Features

  • Construction Materials: Stucco
  • Foundation: See Remarks

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 15.00

Utilities

  • Cooling: See Remarks
  • Heating: Individual
  • Security Features: Security Gate
  • Sewer: Public Sewer
  • Utilities: Electric
  • Water Source: Public

Schools

  • School District: Merced

Lot Info

  • Assessor Parcel Number: 031-161-005-000
  • Irrigation: Public District
  • Lot Features: Curb(s)
  • Lot Size Acres: 0.3444
  • Lot Size Sq Ft: 15002.00
  • Lot Size Units: Acres
  • Price Per Acre: 3008127.18
  • Zoning: mf

Rental Info

  • Number Of Units Month To Month: 12

Building Info

  • Number of Units Total: 15

Multi Family

  • Number Of Units Vacant: 3
  • Number of 1 Bedroom Units: 4
  • Number of 2 Bedroom Units: 5
  • Number of Studio Units: 6
  • Number Of Units Leased: 12
  • Total Number Leasable: 15

MLS Schools

  • School District County: Merced
  • Senior High School District: Merced Union High

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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
07/25/2025 07/25/25 For Rent $1,195 -4.4% --
07/15/2025 07/15/25 Price Changed $1,250 +32.3% $2 / Sq Ft
07/15/2025 07/15/25 Price Changed $945 -27.0% $2 / Sq Ft
06/30/2025 06/30/25 For Rent $1,295 +30.2% --
06/30/2025 06/30/25 For Rent $995 0.0% --
06/23/2025 06/23/25 Sold $1,035,999 +159.0% $143 / Sq Ft
05/08/2025 05/08/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $400,000 -35.0% $55 / Sq Ft
05/28/2015 05/28/15 Sold $615,000 -10.9% $256 / Sq Ft
03/18/2015 03/18/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $690,000 -- $288 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 225032567

San Francisco Association of REALTORS® MLS

APN: 031-161-005