NOT LISTED FOR SALE
8 Beds
4 Baths
3,200 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: April 22, 2016

Last sale price $425,000 $133 Per Sq Ft

4 Days on Market

Highlights

  • 0.55 Acre Lot
  • Double Pane Windows
  • Refrigerated and Evaporative Cooling System
  • No HOA

About This Home

As of April 2016

Attention Investors! Excellent opportunity to grow you Real Estate portfolio with this fully rented 8 unit apartment complex in Merced! Each apartment consists of 2 bedrooms, 1 bathroom and a spacious kitchen. Great opportunity to build additional units on this oversized lot which measures roughly 109 feet of street frontage and 220 feet deep. All dual pane windows and a fenced front yard for additional privacy. Close to schools, retail and bus stop. Hurry, wont last long!

Last Agent to Sell the Property

Ernie Ochoa, CCIM

Keller Williams Merced License #01247053 Listed on: 01/30/2016

Keller Williams Merced

Last Buyer's Agent

Manpreet Nagi

Compass License #01454483

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Lot Details

  • 23,958 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Parking

  • 9 Open Parking Spaces
  • 1 Parking Space Included

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 032-261-018-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Lot Details

0.55 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built Details: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 425000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 9
  • Parking Features: 1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Evaporative Cooler
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning Description: R-3-1.5
  • Lot Size Acres: 0.5500
  • Lot Size Sq Ft: 23958

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 8

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1200
  • Number of Leased Units: 8
  • Number of Units: 8
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 032-261-018-000
  • Current RE Taxes: 3698

MLS Schools

  • School District (County): Merced

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2021
Sold by
Bought by

Purchase Details

Listed on
Jan 30, 2016
Closed on
Apr 15, 2016
Sold by
Bought by
Seller's Agent
Ernie Ochoa, CCIM
Keller Williams Merced
Buyer's Agent
Manpreet Nagi
Compass
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
0.0368%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 30, 2016
Closed on
Feb 29, 2016
Sold by
Bought by
Seller's Agent
Ernie Ochoa, CCIM
Keller Williams Merced
Buyer's Agent
Manpreet Nagi
Compass
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
0.0368%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 21, 2013
Closed on
Dec 16, 2013
Sold by
Bought by
Seller's Agent
Demetrio Robles
Casa Robles R.E. Inc.
Buyer's Agent
Ernie Ochoa, CCIM
Keller Williams Merced
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$250,000
Interest Rate
0.0413%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
-- Accommodation
$800,000 Orange Coast Title Company
-- First American Title Company
$425,000 First American Title Company
$330,000 First American Title Company
$162,000 Chicago Title Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $1,951,900
Closed $318,750
Closed $250,000
Closed $755,250
Closed $770,000
Source: Public Records

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 Prior Sale
04/22/2016 04/22/16 Sold $425,000 0.0% $133 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
01/30/2016 01/30/16 For Sale $425,000 +28.8% $133 / Sq Ft
12/20/2013 12/20/13 Sold $330,000 -5.4% $103 / Sq Ft View Prior Sale
11/05/2013 11/05/13 Pending -- -- --
07/20/2013 07/20/13 For Sale $349,000 -- $109 / Sq Ft
Source: MetroList

Tax 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.

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 $8,973 $853,765 $100,814 $752,951
2024 $8,973 $837,120 $98,838 $738,282
2023 $8,849 $820,800 $96,900 $723,900
2022 $8,736 $804,800 $95,000 $709,800
2021 $5,146 $464,532 $131,235 $333,297
2020 $5,186 $459,799 $129,890 $329,909
2019 $5,106 $450,840 $127,344 $323,496
2018 $4,660 $442,056 $124,848 $317,208
2017 $4,837 $433,444 $122,400 $311,044
2016 $3,833 $341,681 $124,263 $217,418
2015 $3,772 $336,568 $122,397 $214,171
2014 $3,697 $330,560 $120,000 $210,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16005198

MetroList
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