NOT LISTED FOR SALE
10 Beds
10 Baths
6,000 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: December 14, 2016

Last sale price $550,000 $92 Per Sq Ft

15 Days on Market

Highlights

  • 15,002 Sq Ft lot
  • Wood Flooring
  • Bungalow
  • Fireplace in Kitchen
  • Cooling Available
  • Wall Furnace

About This Home

As of December 2016

Great investment opportunity to own a charming 10 unit apartment complex in downtown Merced.
Back on Market. Subject to written cancellation of precious escrow.

Last Agent to Sell the Property

Kim Rogina

Keller Williams Property Team License #01512309 Listed on: 09/09/2016

Keller Williams Property Team

Last Buyer's Agent

Ngai Li

IRN Realty License #02008298

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 15,002 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 10 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Property Attached

Interior Spaces

  • 6,000 Sq Ft Home
  • Electric Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Gas Oven
  • Electric Range
  • Fireplace in Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 031073013000

Community Details

Overview

  • 5 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $10
  • Insurance Expense $7,205
  • New Taxes Expense $1,524
  • Operating Expense $9,339
  • Gross Income $4,770
  • Net Operating Income $42,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0.34 Acres

Parking

10

Listing Details

  • Property Attached: Yes
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 031073013000
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Dining Room, Electric, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 91.67

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 15002.00
  • Price Per Lot Square Foot: 36.66

Multi Family

  • Average1 Bed Area: 650
  • Electric Expense: 10.00
  • Gross Income: 4770.00
  • Gross Scheduled Income: 57240.00
  • Insurance Expense: 7205.00
  • Net Operating Income: 42510.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Number With Range: 10
  • Operating Expense: 14730.00
  • Rent Control: No
  • Total Expenses: 9339.00

Tax Info

  • New Taxes Expense: 1524.00

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
Aug 4, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 9, 2016
Closed on
Dec 8, 2016
Sold by
Bought by
Seller's Agent
Kim Rogina
Keller Williams Property Team
Buyer's Agent
Ngai Li
IRN Realty
List Price
$550,000
Sold Price
$550,000

Purchase Details

Closed on
Aug 19, 2016
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
$330,000
Interest Rate
0.0354%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- --
-- Transcounty Title Company
$550,000 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
Closed $330,000
Closed $55,815
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
12/14/2016 12/14/16 Sold $550,000 0.0% $92 / Sq Ft
09/09/2016 09/09/16 For Sale $550,000 0.0% $92 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
08/02/2016 08/02/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $550,000 -- $92 / 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 $6,762 $644,036 $87,041 $556,995
2024 $6,762 $631,521 $85,335 $546,186
2023 $6,669 $619,251 $83,662 $535,589
2022 $6,584 $607,212 $82,022 $525,190
2021 $6,571 $595,419 $80,414 $515,005
2020 $6,586 $586,003 $79,590 $506,413
2019 $6,489 $574,560 $78,030 $496,530
2018 $5,921 $563,350 $76,500 $486,850
2017 $6,146 $552,360 $75,000 $477,360
2016 $1,549 $138,080 $43,458 $94,622
2015 $1,525 $136,039 $42,806 $93,233
2014 $1,492 $133,434 $41,968 $91,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC16160757

California Regional Multiple Listing Service (CRMLS)

APN: 031-073-013

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