Ranjeet Singh
Keller Williams Property Team
(209) 354-3912
74 Total Sales
5 in South Merced
$160K - $370K Price Range
149 W 11th St Merced, CA 95341
South Merced Neighborhood
2
Beds
7
Baths
4,500
Sq Ft
7,501
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Laundry Facilities
About This Home
As of November 2023Welcome to this incredible eight-unit apartment complex in the bustling city of Merced, California. This property is the perfect investment opportunity for any savvy investor looking for a stable and profitable multifamily investment. Featuring a mix of mostly tenants at market rate and some long-term tenants, this property provides a perfect balance of growth and stability for any investor. A majority of the current tenants have already signed lease renewals with rental increases, indicating the strong demand for affordable housing in Merced County. With a very low vacancy rate, this property is situated in a prime location in Merced, which is known for its growing economy and diverse job market. The city is home to a thriving college community, which attracts a large number of students and professionals, making this a fantastic investment opportunity. This property is in excellent condition and has been meticulously maintained by the current owner. Investors will appreciate the great condition of the units and the common areas, ensuring minimal maintenance and upkeep costs. The current 5.01% cap rate provides an excellent return on investment, and there is still potential for growth. The location, tenant mix, and rental history all make this a highly desirable investment property that you do not want to miss. Don't wait to secure this incredible opportunity! Call us today to learn more about this eight-unit apartment complex in Merced, California, and how you can make it a part of your investment portfolio.
Last Agent to Sell the Property
BHGRE Everything Real Estate License #02154006 Listed on: 05/16/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 7,501 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,500 Sq Ft Home
- 2-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 7 Bathrooms
Additional Features
- Urban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 19 / 280
- Assessor Parcel Number 031342015000
- $213 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,618
- Insurance Expense $2,625
- Maintenance Expense $4,000
- Other Expense $1,999
- Pest Control $540
- Professional Management Expense $4,322
- Water Sewer Expense $6,264
- New Taxes Expense $2,500
- Operating Expense $23,528
- Gross Income $72,036
- Net Operating Income $47,067
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2023
Closed on
Nov 7, 2023
Sold by
Bought by
Seller's Agent
Eric Jaurique-Pouncey
BHGRE Everything Real Estate
Buyer's Agent
Araceli Gomez Gutierrez
NextHome D&G Realty Group
List Price
$950,000
Sold Price
$851,500
Premium/Discount to List
-$98,500
-10.37%
Views
324
Purchase Details
Closed on
Apr 26, 2022
Sold by
Bought by
Purchase Details
Closed on
Feb 1, 2016
Sold by
Bought by
Purchase Details
Closed on
Jun 29, 2015
Sold by
Bought by
Purchase Details
Closed on
Aug 31, 2004
Sold by
Bought by
Purchase Details
Closed on
Mar 16, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
5.69%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 25, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
5.69%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 14, 2003
Sold by
Bought by
Purchase Details
Closed on
Sep 10, 2003
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Merced, CA
-
Ranjeet Singh
-
Kay Flanagan
Kay Flanagan
Roberta Flanagan Realtor, Inc
(209) 219-2502
65 Total Sales
1 in South Merced
$325,000 Price
-
Salud Pineda Padilla
Salud Pineda Padilla
HomeSmart PV & Associates
(669) 230-1956
31 Total Sales
3 in South Merced
$460,000 Price Range
-
JoAnn Merenda
JoAnn Merenda
eXp Realty of Northern California, Inc.
(209) 219-3322
53 Total Sales
1 in South Merced
$318,000 Price
-
Cristina Martinez
Cristina Martinez
HomeSmart PV & Associates
(209) 554-5717
32 Total Sales
1 in South Merced
$410,780 Price
-
Peter Huff
Peter Huff
Huff Real Estate
(209) 580-3901
33 Total Sales
1 in South Merced
$685,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $851,500 | First American Title | ||
| $695,000 | Trans County Title | ||
| $202,500 | Old Republic Title Company | ||
| $283,305 | Title365 | ||
| -- | Transcounty Title Company | ||
| -- | Chicago Title Company | ||
| $405,000 | Chicago Title Company | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $197,394 | ||
| Previous Owner | $283,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $851,500 | -6.9% | $189 / Sq Ft |
| 10/01/2023 10/01/23 | Pending | -- | -- | -- |
| 08/01/2023 08/01/23 | Price Changed | $915,000 | -2.7% | $203 / Sq Ft |
| 07/08/2023 07/08/23 | Price Changed | $939,999 | -1.1% | $209 / Sq Ft |
| 05/16/2023 05/16/23 | For Sale | $950,000 | -- | $211 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,705 | $873,930 | $96,900 | $777,030 |
| 2024 | $9,178 | $856,900 | $95,000 | $761,900 |
| 2023 | $7,699 | $714,290 | $86,700 | $627,590 |
| 2022 | $2,500 | $228,639 | $50,197 | $178,442 |
| 2021 | $2,495 | $224,211 | $49,213 | $174,998 |
| 2020 | $2,514 | $221,941 | $48,709 | $173,232 |
| 2019 | $2,476 | $217,644 | $47,754 | $169,890 |
| 2018 | $2,260 | $213,431 | $46,818 | $166,613 |
| 2017 | $2,346 | $209,300 | $45,900 | $163,400 |
| 2016 | $3,336 | $297,171 | $35,533 | $261,638 |
| 2015 | $3,269 | $291,430 | $35,000 | $256,430 |
| 2014 | $2,595 | $231,430 | $30,000 | $201,430 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Jaurique-Pouncey
Seller's Agent in 2023
Eric Jaurique-Pouncey
BHGRE Everything Real Estate
(209) 383-7653
3 in this area
51 Total Sales
-
Araceli Gomez Gutierrez
Buyer's Agent in 2023
Araceli Gomez Gutierrez
NextHome D&G Realty Group
(209) 756-2063
5 in this area
100 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC23083383
APN: 031-342-015
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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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