NOT LISTED FOR SALE

2456 Glen Ave Merced, CA 95340

4 Beds
2 Baths
36,000 Sq Ft
3.5 Acres

Last Sold August 08, 2022

Last sale price $5,720,000 $159 Per Sq Ft

43 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Laundry Room
  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of August 2022

What a Fabulous opportunity to own 44 Units Apartment in Merced!!This complex has been 100% occupied and have waiting list for renters. All Units are single story giving a feeling of single family homes to all the occupants. There is a separate Laundry facility with Brand New Equipments offering 5 Washers and 5 Dryers. This Amazing Complex is located on sprawling 3.5 acres with plenty of parking, fenced Pool and large open spaces for tenants to enjoy. It is very close to Schools, Shopping, Freeway and a Short distance to UC MERCED. Large land also offer possibility of additional units. All the Buildings were painted outside in less than last 60 days and some roofs were replaced as well.
Sellers have gone through quite a bit of work in last 12 months.
Current rents are extremely low compared to market rents.

Last Agent to Sell the Property

J.R. Shah

Century 21 Discovery License #01116918 Listed on: 05/20/2022

Century 21 Discovery

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 3.5 Acre Lot
  • Two or More Common Walls
  • Sprinkler System

Home Design

  • 36,000 Sq Ft Home
  • Property Attached
  • Composition Roof

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 57
  • Assessor Parcel Number 033240023000
  • $3,963 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 11 Buildings
  • 44 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 44 Leased Units
  • 44 Separate Electric Meters
  • 44 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,600
  • Insurance Expense $13,000
  • Other Expense $11,695
  • Professional Management Expense $9,000
  • Trash Expense $15,800
  • Water Sewer Expense $15,000
  • New Taxes Expense $55,000
  • Operating Expense $149,000
  • Gross Income $13,000
  • Net Operating Income $295,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Price Per Unit: 130000
  • Professional Management Expense: 9000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 15000.00
  • Zoning: R-4
  • Property Type: Residential Income
  • Parcel Number: 033240023000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 158.89
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Kitchen
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 15800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Sprinkler System
  • Lot Size Sq Ft: 152460.00
  • Lot Size Acres: 3.5000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 13000.00
  • Gross Scheduled Income: 444000.00
  • Insurance Expense: 13000.00
  • Laundry Income: 13000.00
  • Lot Size Area: 152460.0000 Square Feet
  • Net Operating Income: 295000.00
  • Number Of Separate Electric Meters: 44
  • Number Of Separate Gas Meters: 44
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 44
  • Number Of Units Total: 44
  • Operating Expense: 149000.00
  • Other Expense: 11695.00
  • Rent Control: No
  • Total Expenses: 149000.00

Tax Info

  • New Taxes Expense: 55000.00
  • Tax Census Tract: 14.02
  • Tax Lot: 57
  • TaxOtherAnnualAssessmentAmount: 3963.00

Range of Values:

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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 Change Sq Ft Price
08/08/2022 08/08/22 Sold $5,720,000 0.0% $159 / Sq Ft
05/20/2022 05/20/22 For Sale $5,720,000 +49.9% $159 / Sq Ft
12/11/2019 12/11/19 Sold $3,815,000 -7.0% $108 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $4,100,000 -- $116 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J.R. Shah

    Seller's Agent in 2022

    J.R. Shah

    Century 21 Discovery

    (714) 626-2023

    55 Total Sales

    J.R. Shah
    Section Image
  • Conchita Swiggart

    Seller's Agent in 2019

    Conchita Swiggart

    London Properties Ltd - Merced

    (209) 489-7138

    62 Total Sales

    Conchita Swiggart
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22108009

California Regional Multiple Listing Service (CRMLS)

APN: 033-240-023

California Merced County Merced 95340

2456 Glen Ave, Merced, CA

This home is located at 2456 Glen Ave, Merced, CA 95340 since 20 May 2022. This property was built in 1964. 2456 Glen Ave is a home located in Merced County with nearby schools including Ada Givens Elementary School, Herbert Hoover Middle School, and Golden Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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