NOT LISTED FOR SALE

1350 E 22nd St Merced, CA 95340

3 Beds
2 Baths
1,500 Sq Ft
0.29 Acres

Last Sold August 24, 2021

Last sale price $296,000 $197 Per Sq Ft

196 Days on Market

Highlights

  • Laundry Room
  • Floor Furnace
  • 1-Story Property
  • Central Air
  • Back Yard

About This Home

As of August 2021

Back on market - comps have now closed past few weeks to support appraisal.
Please do not disturb excellent long term occupants. Viewing is subject to an accepted offer. Main house super clean and nice, 1 bedroom okay.
Do not call to ask for a showing. In offers include proof of funds to close
Include addendum that appraisal is not a condition on the contract

Here is your chance to purchase two houses on a single lot. The first house is a 2 bedroom, 1 bath, all laminate flooring, utility room with a nice living room and open kitchen. The first person that looked at it rented it. Formerly owner occupied for 20 plus years. Multiple ceiling fans, central hvac on main house, wall units on smaller house.
The second unit is a one bedroom with a good size kitchen/family room combo. Completely remodeled less than 12 months ago.
Both houses have fenced back yards, lots of room for parking. Both units are month to month.
Monthly rent is $ 1,637 for the two house. Eligible for rent increases in September

There is room to add a third unit to the right of the driveway and there would still be plenty of parking.
This house was purchased with FHA in 2016,.

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 01/04/2021

Last Buyer's Agent

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 01/04/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Back Yard

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Utilities

  • Central Air
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 25
  • Assessor Parcel Number 034111001000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $3,000
  • Operating Expense $5,500
  • Gross Income $18,000
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Other Phone Description: Kao - Manager
  • Other Phone Number: 209-421-6822
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: R-1-6
  • Property Type: Residential Income
  • Parcel Number: 034111001000
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 197.33
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 12750.00
  • Lot Size Acres: 0.2927

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average Studio Area: 500 Square Feet
  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 12750.0000 Square Feet
  • Net Operating Income: 15000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4000.00
  • Rent Control: Yes
  • Total Actual Rent: 1627.00
  • Total Expenses: 5500.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 14.01
  • Tax Lot: 25

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
08/24/2021 08/24/21 Sold $296,000 0.0% $197 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/08/2021 07/08/21 Price Changed $296,000 +0.3% $197 / Sq Ft
05/17/2021 05/17/21 For Sale $295,000 0.0% $197 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
02/26/2021 02/26/21 Price Changed $295,000 -1.7% $197 / Sq Ft
01/07/2021 01/07/21 For Sale $300,000 0.0% $200 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $300,000 +87.5% $200 / Sq Ft
05/26/2016 05/26/16 Sold $160,000 +0.1% $184 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $159,900 -- $184 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC21001805

California Regional Multiple Listing Service (CRMLS)

APN: 034-111-001