$620,000
SOLD AUG 19, 2025
8 Beds
10 Baths
4,522 Sq Ft
7,501 Sq Ft

Recently Sold

$137 Per Sq Ft

2% Below List Price

203 Days on Market

Highlights

  • Courtyard Views
  • Rectangular Lot
  • Wood Burning Fireplace
  • Central Heating and Cooling System

About This Home

As of August 2025

Check out this investment opportunity in downtown Merced! Live in one unit and rent out the other three or rent out all four! Three of the four units are 2 bedroom and 2.5 bath. These units have the living room, kitchen and half bath located downstairs and two bedrooms and two full bathrooms upstairs. The one additional unit is a single story 2 bedrooms and 1 bath. Each unit has its own parking spot, central air condition as well as central heating and a fireplace! Units will come equipped with an oven and dishwasher. The high occupancy rate and high return on investment makes this property a great addition for investors. Located near the revitalized and growing downtown Merced, this property is sure to see its value continue to appreciate. Don’t miss out on adding this fourplex to your portfolio!

Last Agent to Sell the Property

Seth Medefind

London Properties Ltd - Merced Brokerage Phone: 209-676-0889 License #02141768 Listed on: 10/17/2024

London Properties Ltd - Merced

Last Buyer's Agent

Danielle Ortega

The Team Realty License #01951944

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,500 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 4,522 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Courtyard Views

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Rain Gutters
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 6 / 148
  • Assessor Parcel Number 031074003000
  • $188 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,600
  • Water Sewer Expense $5,400
  • New Taxes Expense $2,526
  • Operating Expense $11,526
  • Gross Income $31,560
  • Net Operating Income $57,474

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 5400.00
  • Zoning: R-4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 031074003000
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Wood Burning
  • Price Per Square Foot: 137.11

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Courtyard
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Oven
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 31560.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 57474.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11526.00
  • Rent Control: No
  • Total Actual Rent: 2630.00
  • Total Expenses: 11526.00

Tax Info

  • New Taxes Expense: 2526.00
  • Tax Block: 148
  • Tax Census Tract: 13.02
  • Tax Lot: 6
  • TaxOtherAnnualAssessmentAmount: 188.00
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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
08/19/2025 08/19/25 Sold $620,000 -2.4% $137 / Sq Ft
06/11/2025 06/11/25 For Sale $635,000 0.0% $140 / Sq Ft
05/08/2025 05/08/25 Pending -- -- --
05/03/2025 05/03/25 Price Changed $635,000 0.0% $140 / Sq Ft
05/03/2025 05/03/25 For Sale $635,000 +2.4% $140 / Sq Ft
01/17/2025 01/17/25 Off Market $620,000 -- --
01/17/2025 01/17/25 For Sale $625,000 +0.8% $138 / Sq Ft
01/16/2025 01/16/25 Off Market $620,000 -- --
01/16/2025 01/16/25 For Sale $625,000 +0.8% $138 / Sq Ft
01/15/2025 01/15/25 Off Market $620,000 -- --
10/28/2024 10/28/24 For Sale $625,000 0.0% $138 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
10/17/2024 10/17/24 For Sale $625,000 -- $138 / 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 $2,563 $243,112 $51,503 $191,609
2024 $2,563 $238,562 $50,494 $188,068
2023 $2,526 $233,744 $49,504 $184,240
2022 $2,492 $229,197 $48,534 $180,663
2021 $2,487 $224,739 $47,583 $177,156
2020 $2,508 $222,634 $47,096 $175,538
2019 $2,470 $218,128 $46,173 $171,955
2018 $2,253 $213,887 $45,268 $168,619
2017 $2,339 $209,730 $44,381 $165,349
2016 $2,305 $205,834 $43,511 $162,323
2015 $2,267 $202,593 $42,858 $159,735
2014 $2,220 $198,841 $42,019 $156,822
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC24215977

California Regional Multiple Listing Service (CRMLS)

APN: 031-074-003

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