M
Seller's Agent in 2017
Mike Burrows
London Properties Ltd - Merced
536 W 10th St Merced, CA 95341
South Merced Neighborhood
7
Beds
4
Baths
2,600
Sq Ft
7,500
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Victorian Architecture
- Cooling System Mounted To A Wall/Window
- Wooded Lot
- Neighborhood Views
- 4-minute walk to McNamara Park
About This Home
As of February 2017Probably the best List Price:Gross Rent Ratio in the valley . . . WOW . . . Gross Rent is $1900 for this 4-Plex that has three-2 bedroom 1 bath units, and one-1 bedroom 1 bath unit. This hits the old Investor's "1% Rule" that we haven't seen in years. Outstanding and consistent rental income with almost no vacancy. Interior units is good shape, exterior needs a little TLC . . . but at this price it's a great opportunity.
Last Agent to Sell the Property
Mike Burrows
London Properties Ltd - Merced License #01814948 Listed on: 09/09/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 7,500 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Wood Fence
- Chain Link Fence
- Fence is in poor condition
- Wooded Lot
Parking
- 3 Car Garage
- 1 Carport Space
Home Design
- Victorian Architecture
- Property Attached
- Fixer Upper
- Frame Construction
- Composition Roof
- Wood Siding
- Lap Siding
Interior Spaces
- 2,600 Sq Ft Home
- Panel Doors
- Neighborhood Views
- Gas Cooktop
- Laundry Room
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 032064018000
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $1,176
- Water Sewer Expense $2,160
- New Taxes Expense $831
- Operating Expense $6,450
- Gross Income $1,850
- Net Operating Income $15,750
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/13/2017 02/13/17 | Sold | $153,000 | 0.0% | $59 / Sq Ft | |
| 02/03/2017 02/03/17 | Sold | $153,000 | -10.0% | $59 / Sq Ft | View Prior Sale |
| 12/15/2016 12/15/16 | Pending | -- | -- | -- | |
| 12/14/2016 12/14/16 | Pending | -- | -- | -- | |
| 12/06/2016 12/06/16 | For Sale | $170,000 | 0.0% | $65 / Sq Ft | |
| 10/31/2016 10/31/16 | Pending | -- | -- | -- | |
| 09/09/2016 09/09/16 | Price Changed | $170,000 | 0.0% | $65 / Sq Ft | |
| 09/09/2016 09/09/16 | For Sale | $170,000 | -2.9% | $65 / Sq Ft | |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- | |
| 07/07/2016 07/07/16 | Price Changed | $175,000 | -20.4% | $67 / Sq Ft | |
| 08/03/2015 08/03/15 | For Sale | $219,900 | 0.0% | $85 / Sq Ft | |
| 08/01/2015 08/01/15 | For Sale | $219,900 | -- | $85 / 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 | $1,886 | $177,337 | $46,420 | $130,917 |
| 2024 | $1,886 | $173,888 | $45,510 | $128,378 |
| 2023 | $1,862 | $170,647 | $44,618 | $126,029 |
| 2022 | $1,835 | $167,193 | $43,744 | $123,449 |
| 2021 | $1,831 | $163,943 | $42,887 | $121,056 |
| 2020 | $1,845 | $162,278 | $42,448 | $119,830 |
| 2019 | $1,818 | $159,264 | $41,616 | $117,648 |
| 2018 | $1,658 | $156,032 | $40,800 | $115,232 |
| 2017 | $765 | $66,979 | $22,242 | $44,737 |
| 2016 | $753 | $65,671 | $21,806 | $43,865 |
| 2015 | $742 | $64,714 | $21,479 | $43,235 |
| 2014 | $726 | $63,453 | $21,059 | $42,394 |
Source: Public Records
Agents Affiliated with this Home
-
-
NoEmail NoEmail
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
8 in this area
6,291 Total Sales
-
Daniel Del Real
Buyer's Agent in 2017
Daniel Del Real
PMZ Real Estate
(209) 750-7019
890 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MC15170090
APN: 032-064-018
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes