NOT LISTED FOR SALE
11 Beds
9 Baths
2,502 Sq Ft
0.42 Acres

Last Sold December 22, 2017

Last sale price $549,000 $219 Per Sq Ft

6 Days on Market

Highlights

  • City Lights View
  • Open Floorplan
  • Traditional Architecture
  • 18,191 Sq Ft lot
  • Multi-Level Bedroom
  • No HOA

About This Home

As of December 2017

RARE APARTMENT UNITS FOR SALE!! 7-UNIT COMPLEX IN GROWING NORTH MERCED INCLUDES 2 BEDROOMS AND 1 BEDROOMS MIX-UNITS. CONVENIENTLY LOCATED NEAR SHOPPING CENTER ON OLIVE AVE NEAR APPLE BEE'S, BARNES AND NOBLE, AND WAL-MART! PROPERTY SITS ON A LARGE LOT, OFFERS COVERED CAR PORTS, AND EACH UNIT HAS THEIR OWN ENCLOSED BACKYARD. DON'T MISS THE OPPORTUNITY TO GET THESE UNITS. CALL TODAY TO SET UP YOUR PERSONAL TOUR.

Last Agent to Sell the Property

Armando Diaz

Soldavi Inc. License #01496803 Listed on: 10/31/2017

Co-Listed By

Jose Lopez Orozco

Homesmart PV & Associates License #01717511

Last Buyer's Agent

Armando Diaz

Soldavi Inc. License #01496803 Listed on: 10/31/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.42 Acre Lot
  • No Common Walls
  • Wood Fence
  • Brick Fence
  • Sprinkler System

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,502 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Family Room with Fireplace
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Multi-Level Bedroom
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 7 Parking Spaces
  • 7 Detached Carport Spaces
  • Parking Available
  • Shared Driveway

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 058193007000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Professional Management Expense $3,912
  • Trash Expense $1,552
  • Water Sewer Expense $3,301
  • New Taxes Expense $4,841
  • Operating Expense $16,005
  • Net Operating Income $39,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Professional Management Expense: 3912.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3300.70
  • Zoning: P-D
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 058193007000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 219.42
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Multi-Level Bedroom

Exterior Features

  • Foundation: Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Detached Carport, Covered, Shared Driveway
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Disposal
  • Electric: 220 Volts in Kitchen
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1551.90
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s), Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 18191.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Scheduled Income: 55020.00
  • Insurance Expense: 1500.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 39015.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 16005.00
  • Rent Control: No
  • Total Actual Rent: 4585.00
  • Total Expenses: 16005.20

Tax Info

  • New Taxes Expense: 4840.60
  • Tax Census Tract: 10.03

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 List to Sale Price per Sq Ft Prior Sale
12/22/2017 12/22/17 Sold $549,000 0.0% $219 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/31/2017 10/31/17 For Sale $549,000 +30.7% $219 / Sq Ft
11/25/2014 11/25/14 Sold $420,000 0.0% $165 / Sq Ft View Prior Sale
10/16/2014 10/16/14 Pending -- -- --
10/13/2014 10/13/14 For Sale $420,000 -- $165 / 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: MC17247668

California Regional Multiple Listing Service (CRMLS)

APN: 058-193-007