$1,199,000

Estimated payment $7,562/month

Total Views 23
10 Beds
10 Baths
7,000 Sq Ft
$171 Price per Sq Ft

Highlights

  • City Lights View
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • Pull-through
  • Living Room

About This Home

A prime investment opportunity in Merced! This professionally maintained 10-unit apartment complex is ideally located near Downtown Merced, shopping, dining, public transportation, and UC Merced—making it a highly desirable option for tenants.Each unit features 1 bedroom and 1 bathroom, with built-in bookshelves, a functional eat-at kitchen counter, attractive wood flooring, and assigned uncovered parking. The property also boasts fresh, professional exterior paint, enhancing curb appeal and reducing future maintenance costs.

Listing Agent

Armando Diaz

Soldavi Inc. Brokerage Phone: 209-777-9955 License #01496803 Listed on: 06/16/2025

Co-Listing Agent

Armando Pilola

Soldavi Inc. Brokerage Phone: 209-777-9955 License #01914630

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • South Facing Home
  • Wood Fence
  • Paved or Partially Paved Lot

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Traditional Architecture
  • Apartment
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,000 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Laminate Flooring
  • Formica Countertops

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Pull-through
  • Parking Available
  • Private Parking
  • Parking Lot

Utilities

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

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 14 / 88
  • Assessor Parcel Number 030273011000
  • $585 per year additional tax assessments

Community Details

Overview

  • 10 Units

Building Details

  • 5 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Insurance Expense $7,824
  • Professional Management Expense $4,344
  • Trash Expense $329
  • Water Sewer Expense $436
  • Operating Expense $12,934
  • Net Operating Income $5,007

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 119900
  • Professional Management Expense: 4344.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 436.01
  • Zoning: C-O
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 030273011000
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan
  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 171.29
  • Room Type: Living Room

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Parking Space, Private, Pull-through
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: 220 Volts in Kitchen
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 329.02
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Paved
  • Lot Size Sq Ft: 11250.00
  • Lot Size Acres: 0.2583

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Scheduled Income: 5369.00
  • Insurance Expense: 7824.00
  • Lot Size Area: 11250.0000 Square Feet
  • Net Operating Income: 5007.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Leased: 5
  • Number Of Units Total: 10
  • Operating Expense: 362.00
  • Rent Control: No
  • Total Actual Rent: 5369.00
  • Total Expenses: 12934.03

Tax Info

  • Tax Block: 88
  • Tax Census Tract: 13.02
  • Tax Lot: 14
  • TaxOtherAnnualAssessmentAmount: 585.00

Map

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
06/16/2025 06/16/25 For Sale $1,199,000 -- $171 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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    Armando Diaz Soldavi Inc.

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC25135075

California Regional Multiple Listing Service (CRMLS)

APN: 030-273-011