Seller's Agent in 2017
Genaro Duran
NextHome D&G Realty Group
(209) 617-4706
153 Total Sales
1971 Kelly Ave Merced, CA 95340
Merced Area
4
Beds
4
Baths
6,181
Sq Ft
10,611
Sq Ft Lot
Highlights
- Central Heating
- Front Yard
- 3-minute walk to Joe Herb Park
About This Home
As of March 2017Wonderful investment opportunity. This well maintained 7-plex per building apartment complex has great rental history. In each building there are 5-3 bedroom 1.5 bath unit,1-studio unit and 1-one bedroom unit. Currently is managed by professional property manager. The property is currently has wait list of potential tenants and generates very strong cash flow with plenty of upside in existing rents. The property still has potential to add value by increasing rents to market as leases expires. The complex has excellent location, it is very close to central Yosemite Hwy and Hwy 99. It is walking distance to Joe Herb Community Park and shopping locations. Need to sell both buildings together (see MLS#MC16759148). Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.
Last Agent to Sell the Property
NextHome D&G Realty Group License #01434524 Listed on: 12/07/2016
Last Buyer's Agent
Non-Member (Merced)
Merced Non-Member
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 10,611 Sq Ft Lot
- 1 Common Wall
- Front Yard
Home Design
- 6,181 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Assigned Parking
Additional Features
- Exterior Lighting
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 034240024000
Community Details
Overview
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $100
- Insurance Expense $3,000
- Professional Management Expense $3,750
- Water Sewer Expense $3,500
- New Taxes Expense $4,500
- Operating Expense $18,350
- Gross Income $40,000
- Net Operating Income $16,750
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
Dec 7, 2016
Closed on
Mar 21, 2017
Sold by
Gold Valley Group Llc
Bought by
Seller's Agent
Genaro Duran
NextHome D&G Realty Group
Buyer's Agent
Non-Member (Merced)
Merced Non-Member
List Price
$575,000
Sold Price
$457,500
Premium/Discount to List
-$117,500
-20.43%
Purchase Details
Closed on
Jul 24, 2006
Sold by
Oliveira Louis B and Oliveira Family Trust
Bought by
Gold Valley Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 11, 2003
Sold by
Oliveira Louis B
Bought by
Oliveira Louis B and Oliveira Family Trust
Purchase Details
Closed on
Feb 20, 2002
Sold by
Pereira Mariana C
Bought by
Oliveira Louis B
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 |
|---|---|---|---|
| $457,500 | Chicago Title Company | ||
| Gold Valley Group Llc | $575,000 | Transcounty Title Company | |
| Oliveira Louis B | -- | -- | |
| Oliveira Louis B | -- | -- |
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 |
|---|---|---|---|
| Open | $600,000 | ||
| Open | Revocabl Mariano Grande Urbano | $1,100,000 | |
| Previous Owner | Gold Valley Group Llc | $620,000 | |
| Previous Owner | Oliveira Louis B | $160,000 |
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 |
|---|---|---|---|---|
| 03/27/2017 03/27/17 | Sold | $457,500 | -8.5% | $74 / Sq Ft |
| 03/17/2017 03/17/17 | Pending | -- | -- | -- |
| 01/26/2017 01/26/17 | Price Changed | $500,000 | -13.0% | $81 / Sq Ft |
| 12/07/2016 12/07/16 | For Sale | $575,000 | -- | $93 / 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 |
|---|---|---|---|---|
| 2026 | $5,916 | $541,375 | $65,105 | $476,270 |
| 2025 | $5,916 | $530,569 | $63,829 | $466,740 |
| 2024 | $5,595 | $520,215 | $62,578 | $457,637 |
| 2023 | $5,518 | $510,063 | $61,351 | $448,712 |
| 2022 | $5,450 | $500,356 | $60,149 | $440,207 |
| 2021 | $5,436 | $490,354 | $58,970 | $431,384 |
| 2020 | $5,479 | $485,352 | $58,366 | $426,986 |
| 2019 | $5,399 | $475,884 | $57,222 | $418,662 |
| 2018 | $4,918 | $465,691 | $56,100 | $409,591 |
| 2017 | $4,325 | $386,400 | $55,000 | $331,400 |
| 2016 | $4,119 | $366,400 | $55,000 | $311,400 |
| 2015 | $3,948 | $351,400 | $50,000 | $301,400 |
| 2014 | $3,606 | $321,400 | $40,000 | $281,400 |
Source: Public Records
Agents Affiliated with this Home
-
Genaro Duran
-
N(
Buyer's Agent in 2017
Non-Member (Merced)
Merced Non-Member
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC16759973
APN: 034-240-024
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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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