NOT LISTED FOR SALE

2302 Willow Ave Merced, CA 95340

1 Bed
1 Bath
5,100 Sq Ft
10,075 Sq Ft Lot Lot

Sale Details

Date Sold: October 22, 2018

Last sale price $343,750 $67 Per Sq Ft

80 Days on Market

Highlights

  • Lawn
  • Living Room
  • Tile Flooring
  • Evaporated cooling system
  • Laundry Room
  • Outdoor Storage

About This Home

As of October 2018

This if for two triplex: 2302-04-06 Willow and 920-922-924 Barney). Do not disturb tenants.
All units have similar configuration: 1 bedroom, 1 bath, gas wall heater, kitchen, 20” gas range/stove, and refrigerator.
• About half the units have roof mounted swamp coolers. Swamp coolers are removed and replaced with two wall mounted AC units when they reach end of life.
• Eight units have small private patios.
• Most units have a carport with a storage closet
• Two utility rooms (one on 23rd the other on Barney)

Complex of 48 units is fully occupied.
Last 3 rentals: Feb $ 675 March $ 685 April $690 (middle unit)

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 04/09/2018

Last Buyer's Agent

Peter Huff

Huff Real Estate License #01454712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 10,075 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 5,100 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Outdoor Storage
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 034043038000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $2,000
  • Maintenance Expense $1,200
  • Pest Control $480
  • Professional Management Expense $3,000
  • Supplies Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,000
  • Operating Expense $9,837
  • Gross Income $48,600
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

10,075 Sq Ft Lot

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 1200.00
  • Water Sewer Expenses: 2400.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 034043038000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 67.40
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bedroom

Exterior Features

  • Other Structures: Storage
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 10075.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 48600.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 46000.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 1200.00
  • Net Operating Income: 26000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Number With Carpet: 3
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 9837.00
  • Vacancy Allowance Rate: 6.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 14.01
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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
10/22/2018 10/22/18 Sold $343,750 -28.4% $67 / Sq Ft
10/12/2018 10/12/18 For Sale $480,000 0.0% $94 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $480,000 -- $94 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18080795

California Regional Multiple Listing Service (CRMLS)
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