NOT LISTED FOR SALE
2 Beds
2 Baths
46,000 Sq Ft
1.6 Acre Lot

Sale Details

Date Sold: March 15, 2019

Last sale price $5,200,000 $113 Per Sq Ft

34 Days on Market

Highlights

  • In Ground Pool
  • 1.6 Acre Lot
  • Landscaped

About This Home

As of March 2019

Exquisite North Merced Apartment Complex consisting of 43 units with lush landscaping, beautiful pool and spa and secure gated parking. 88% of the units have been remodeled over the last 4 years. 39 units are 2 bed / 2 bath. 3 units are 2 bed / 1 bath. 1 unit is 1 bed / 2 bath. - This particular unit has an office / storage room that can be converted back to a bedroom to make it another 2 bed / 2 bath.
Please see Offering Memorandum for Financial information.

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 10/03/2018

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 1.6 Acre Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 46,000 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 006101015000

Community Details

Overview

  • 6 Buildings
  • 43 Units

Amenities

  • Laundry Facilities

Building Details

  • 43 Separate Electric Meters
  • 43 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $185,986
  • Operating Expense $185,986
  • Gross Income $443,036
  • Net Operating Income $257,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

1.6 Acres

Listing Details

  • Property Attached: Yes
  • Zoning: C-O
  • Property Type: Residential Income
  • Parcel Number: 006101015000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 113.04

Exterior Features

  • Pool Features: Private, In Ground
  • Pool Private: Yes

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 69696.00
  • Lot Size Acres: 1.6000

Multi Family

  • Average1 Bed Area: 962 Square Feet
  • Average2 Bed Area: 1065 Square Feet
  • Gross Income: 443036.00
  • Gross Scheduled Income: 450000.00
  • Lot Size Area: 69696.0000 Square Feet
  • Net Operating Income: 257050.00
  • Number Of Separate Electric Meters: 43
  • Number Of Separate Gas Meters: 43
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 43
  • Operating Expense: 185986.00
  • Other Expense: 185986.00
  • Other Expense Description: All
  • Other Income1: 2036.00
  • Other Income Description: Late fees & Application Fees
  • Rent Control: No
  • Total Expenses: 185986.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 11.01

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

Closed on
Jul 17, 2025
Sold by
Lal Singh And Malkit Toor Family Trust and Toor Lal Singh
Bought by

Purchase Details

Listed on
Oct 3, 2018
Closed on
Mar 26, 2019
Sold by
Toor Lal Singh and Toor Malkit K
Bought by
Toor Lal Singh and Toor Malkit K
Seller's Agent
Jacob Morgner
Tinetti Realty Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$5,350,000
Sold Price
$5,200,000
Premium/Discount to List
-$150,000
-2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,940,000
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 3, 2018
Closed on
Mar 12, 2019
Sold by
Merced Okr Llc
Bought by
Singh Lal and Toor Malkit K
Seller's Agent
Jacob Morgner
Tinetti Realty Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$5,350,000
Sold Price
$5,200,000
Premium/Discount to List
-$150,000
-2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,940,000
Interest Rate
4.3%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 13, 2013
Sold by
Steiner Mary K and Steiner Louis J
Bought by
Merced Okr Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
Lmtoor Holdings Llc -- None Listed On Document
Brookdale Apartments Llc -- None Listed On Document
Toor Lal Singh -- Chicago Title Company
Singh Lal $5,200,000 Chicago Title Company
Merced Okr Llc $2,650,000 Transcounty 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 $2,940,000
Previous Owner Singh Lal $3,000,000
Previous Owner Steiner Mary K $1,100,000
Previous Owner Steiner Mary K $900,000
Previous Owner Steiner Louis J $900,000
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
03/15/2019 03/15/19 Sold $5,200,000 -2.8% $113 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $5,350,000 -- $116 / 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 $64,815 $5,965,803 $682,695 $5,283,108
2025 $64,815 $5,850,126 $669,309 $5,180,817
2024 $61,287 $5,736,717 $656,186 $5,080,531
2023 $60,383 $5,619,512 $643,320 $4,976,192
2022 $59,694 $5,516,526 $630,706 $4,885,820
2021 $59,580 $5,409,659 $618,340 $4,791,319
2020 $60,015 $5,348,849 $612,000 $4,736,849
2019 $32,780 $2,906,172 $192,308 $2,713,864
2018 $29,924 $2,850,370 $188,538 $2,661,832
2017 $31,076 $2,795,662 $184,842 $2,610,820
2016 $30,604 $2,742,026 $181,218 $2,560,808
2015 $30,127 $2,701,743 $178,496 $2,523,247
2014 $29,487 $2,650,000 $175,000 $2,475,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18242111

California Regional Multiple Listing Service (CRMLS)

APN: 006-101-015

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