NOT LISTED FOR SALE

335 E 23rd St Merced, CA 95340

Downtown Merced Neighborhood
5 Beds
2 Baths
6,800 Sq Ft
0.76 Acres

Last Sold October 22, 2019

Last sale price $680,000 $100 Per Sq Ft

108 Days on Market

Highlights

  • 0.76 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2019

Excellent opportunity to own this unique property with 8 homes on 1 lot. See attached Brochure for rent roll and financial information.

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 04/08/2019

Last Buyer's Agent

Hector Gonzalez

Fireside Realty License #01184895

Fireside Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 0.76 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 6,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Assessor Parcel Number 034021021000

Community Details

Overview

  • 8 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,336
  • Maintenance Expense $2,500
  • Water Sewer Expense $5,685
  • New Taxes Expense $7,300
  • Operating Expense $19,821
  • Gross Income $72,000
  • Net Operating Income $49,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.05
  • Property Attached: No
  • Water Sewer Expenses: 5685.00
  • Zoning: R-1-6
  • Property Type: Residential Income
  • Parcel Number: 034021021000
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 100.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 33001.00
  • Lot Size Acres: 0.7576

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Gross Income: 72000.00
  • Gross Operating Income: 69120.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 4336.00
  • Lot Size Area: 33001.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 49299.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 19821.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Expenses: 19821.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 7300.00
  • Tax Census Tract: 14.01

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
10/22/2019 10/22/19 Sold $680,000 -2.7% $100 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $699,000 0.0% $103 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $699,000 -- $103 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jacob Morgner

    Seller's Agent in 2019

    Jacob Morgner

    Tinetti Realty Group

    (209) 617-2679

    6 in this area

    21 Total Sales

    Jacob Morgner
    Section Image

  • H

    Buyer's Agent in 2019

    Hector Gonzalez

    Fireside Realty

    (408) 605-7900

    Hector Gonzalez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC19079039

California Regional Multiple Listing Service (CRMLS)

APN: 034-021-021

California Merced County Merced 95340 Downtown Merced

335 E 23rd St, Merced, CA

Not Listed for Sale

MultiFamily

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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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