NOT LISTED FOR SALE
3 Beds
3 Baths
2,400 Sq Ft
7,501 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $277,500 $116 Per Sq Ft

12 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 3 Car Direct Access Garage
  • Private Yard
  • Neighborhood Views
  • Two Homes on a Lot

About This Home

As of April 2021

Affordable investment property located in central Merced. This Tri-Plex is situated in an older established neighborhood, where mature trees line the streets. Each of the three units include one bedroom, one bath, kitchen, living room, individual laundry room and front porches. The two front units include dining rooms with built in hutches. Currently all units are rented. Each unit has a single car garage with alley access. With property values continuing to increase, don't let this affordable complex pass you by!

Last Agent to Sell the Property

Tina Winek

BHHS Drysdale Properties, Merced License #01931299 Listed on: 04/15/2021

BHHS Drysdale Properties, Merced

Co-Listed By

Scott A Oliver

Concierge Real Estate Services License #01335699

Last Buyer's Agent

Steve Weagel

London Properties Ltd - Merced License #01883064

London Properties Ltd - Merced

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 75'x100'
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Level Lot
  • Gravel Driveway
  • Assigned Parking

Home Design

  • Triplex
  • Bungalow
  • Turnkey
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Utility Room
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Free-Standing Range
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 7/8 / 84
  • Assessor Parcel Number 030293006000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $900
  • Insurance Expense $1,500
  • Maintenance Expense $7,957
  • Other Expense $97
  • Pest Control $506
  • Professional Management Expense $1,625
  • Trash Expense $1,000
  • Water Sewer Expense $2,053
  • New Taxes Expense $1,396
  • Operating Expense $17,034
  • Gross Income $22,500
  • Net Operating Income $6,385

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1625.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2053.00
  • Zoning: R2
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic, Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 030293006000
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 115.62
  • Room Type: Kitchen, Laundry, Living Room, Utility Room, Walk-In Closet

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Exterior Features: Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Fair Condition, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Gravel, Garage, Garage Faces Rear, Garage - Three Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Free-Standing Range, Gas Water Heater, Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Electricity - On Property, Standard
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Pest Control Expense: 506.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Elevation: 171 Feet
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Up Slope from Street, Utilities - Overhead, Yard
  • Lot Size: 75'x100'
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 37.30362000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 790 Square Feet
  • Gross Income: 22500.00
  • Gross Operating Income: 20605.00
  • Gross Scheduled Income: 20318.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7501.0000 Square Feet
  • Maintenance Expense: 7957.00
  • Net Operating Income: 6385.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14219.00
  • Other Expense: 97.00
  • Other Expense Description: Fees
  • Rent Control: Yes
  • Total Actual Rent: 22500.00
  • Total Expenses: 17034.00

Tax Info

  • New Taxes Expense: 1396.00
  • Tax Block: 84
  • Tax Lot: 7/8

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
04/30/2021 04/30/21 Sold $277,500 +0.9% $116 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $275,000 0.0% $115 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $275,000 -- $115 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC21074382

California Regional Multiple Listing Service (CRMLS)

APN: 030-293-006