NOT LISTED FOR SALE
8 Beds
7 Baths
5,842 Sq Ft
0.34 Acres

Last Sold April 26, 2019

Last sale price $310,000 $53 Per Sq Ft

254 Days on Market

Highlights

  • 0.34 Acre Lot
  • Front Yard
  • 4-minute walk to Court House Square Park
  • Laundry Room

About This Home

As of April 2019

Great opportunity to invest in a nice quiet area of Downtown Merced! The property currently generates $2,900 per month in gross income.
6 units composed of: 1911 O St - 3 bed 2 bath, 1921 O St - 1 bed 1 bath, 1923 O St - 1 bed 1 bath, 807 W 19th #2 - 1 bed 1 bath, 807 W 19th #3 - Studio, 807 W 19th #4 - Studio. Rents are currently below market which creates great upside potential with this investment.
Very close proximity to restaurants, theaters and other downtown entertainment. Neighboring properties are professional offices as well as single family and multifamily residences.

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 08/08/2018

Last Buyer's Agent

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 08/08/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 5,842 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 031043009000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,389
  • Pest Control $1,200
  • Water Sewer Expense $4,200
  • New Taxes Expense $4,500
  • Operating Expense $14,489
  • Gross Income $1,200
  • Net Operating Income $21,631

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: C-O
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 031043009000
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 53.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1200.00
  • 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: Front Yard
  • Lot Size Sq Ft: 15002.00
  • Lot Size Acres: 0.3444

Multi Family

  • Average1 Bed Area: 447 Square Feet
  • Average3 Bed Area: 1714 Square Feet
  • Average Studio Area: 432 Square Feet
  • Garage Income: 1200.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 36120.00
  • Insurance Expense: 3389.00
  • Lot Size Area: 15002.0000 Square Feet
  • Net Operating Income: 21631.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 14489.00
  • Rent Control: No
  • Total Expenses: 14489.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Census Tract: 13.01

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
04/26/2019 04/26/19 Sold $310,000 -20.3% $53 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $389,000 0.0% $67 / Sq Ft
02/23/2019 02/23/19 Pending -- -- --
02/15/2019 02/15/19 Price Changed $389,000 -9.5% $67 / Sq Ft
01/07/2019 01/07/19 Price Changed $430,000 -4.2% $74 / Sq Ft
09/04/2018 09/04/18 For Sale $449,000 0.0% $77 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $449,000 -- $77 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $3,659 $347,506 $83,661 $263,845
2024 $3,659 $340,896 $82,021 $258,875
2023 $3,607 $334,079 $80,413 $253,666
2022 $3,560 $327,563 $78,837 $248,726
2021 $3,552 $321,175 $77,292 $243,883
2020 $3,582 $318,070 $76,500 $241,570
2019 $3,873 $342,631 $51,927 $290,704
2018 $3,332 $316,700 $75,000 $241,700
2017 $2,750 $246,700 $75,000 $171,700
2016 $2,616 $233,700 $75,000 $158,700
2015 $2,480 $221,700 $70,000 $151,700
2014 $2,252 $201,700 $60,000 $141,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18192692

California Regional Multiple Listing Service (CRMLS)

APN: 031-043-009