Seller's Agent in 2022
J.R. Shah
Century 21 Discovery
(714) 626-2023
51 Total Sales
2456 Glen Ave Merced, CA 95340
4
Beds
2
Baths
36,000
Sq Ft
152,460
Sq Ft
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 2022What 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
Century 21 Discovery License #01116918 Listed on: 05/20/2022
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
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $62,539 | $5,823,650 | $525,000 | $5,298,650 |
| 2024 | $62,539 | $5,850,950 | $540,600 | $5,310,350 |
| 2023 | $61,671 | $5,736,550 | $530,000 | $5,206,550 |
| 2022 | $42,802 | $3,951,797 | $412,226 | $3,539,571 |
| 2021 | $42,692 | $3,872,873 | $404,144 | $3,468,729 |
| 2020 | $43,047 | $3,833,350 | $400,000 | $3,433,350 |
| 2019 | $9,869 | $874,343 | $142,829 | $731,514 |
| 2018 | $9,005 | $857,235 | $140,029 | $717,206 |
| 2017 | $9,348 | $840,463 | $137,284 | $703,179 |
| 2016 | $9,202 | $824,020 | $134,593 | $689,427 |
| 2015 | $9,057 | $811,671 | $132,572 | $679,099 |
| 2014 | $8,861 | $795,808 | $129,976 | $665,832 |
Source: Public Records
Agents Affiliated with this Home
-
J.R. Shah
-
Conchita Swiggart
Seller's Agent in 2019
Conchita Swiggart
London Properties Ltd - Merced
(209) 489-7138
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22108009
APN: 033-240-023
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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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