NOT LISTED FOR SALE
10 Beds
5 Baths
3,625 Sq Ft
1980 Built

Last Sold September 29, 2017

Last sale price $385,000 $106 Per Sq Ft

15 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Detached Carport Space

About This Home

As of September 2017

Excellent Opportunity to Invest!!! Well kept complex located in Central Merced. It offers a total of 5 units all are 2bd/1ba, laundry room on site, close to downtown Merced, shopping centers and parks. Great investment property, all units are occupied.

Last Agent to Sell the Property

Sheril Carmona

Tinetti Realty Group License #01897216 Listed on: 07/05/2017

Co-Listed By

Genaro Duran

NextHome D&G Realty Group License #01434524

Last Buyer's Agent

Randy Hayer

Realty Executives Of Northern California License #01251542

Realty Executives Of Northern California

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 3,625 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • Detached Carport Space
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 030282014000

Community Details

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $157
  • Insurance Expense $1,500
  • Pest Control $470
  • Professional Management Expense $2,626
  • Water Sewer Expense $3,250
  • New Taxes Expense $2,750
  • Operating Expense $13,171
  • Gross Income $46,488
  • Net Operating Income $13,171

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2626.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3250.00
  • Zoning: R-3-1.5
  • Property Type: Residential Income
  • Parcel Number: 030282014000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 106.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 470.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 7501.00

Multi Family

  • Electric Expense: 156.90
  • Gross Income: 46488.00
  • Gross Scheduled Income: 46488.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 13171.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 13171.00
  • Rent Control: No
  • Total Expenses: 13171.12

Tax Info

  • New Taxes Expense: 2750.00
  • Tax Census Tract: 13.02
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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
09/29/2017 09/29/17 Sold $385,000 +5.5% $106 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $365,000 -- $101 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $6,248 $595,335 $81,181 $514,154
2024 $6,248 $583,663 $79,590 $504,073
2023 $6,161 $572,220 $78,030 $494,190
2022 $6,081 $561,000 $76,500 $484,500
2021 $6,068 $550,000 $75,000 $475,000
2020 $4,504 $400,554 $78,030 $322,524
2019 $4,438 $392,700 $76,500 $316,200
2018 $4,049 $385,000 $75,000 $310,000
2017 $1,532 $137,098 $42,249 $94,849
2016 $1,508 $134,411 $41,421 $92,990
2015 $1,484 $132,393 $40,799 $91,594
2014 $1,452 $129,800 $40,000 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC17153585

California Regional Multiple Listing Service (CRMLS)

APN: 030-282-014

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