NOT LISTED FOR SALE

910 E 23rd St Merced, CA 95340

1 Bed
1 Bath
2,550 Sq Ft
1955 Built

Last Sold October 22, 2018

Last sale price $206,250 $81 Per Sq Ft

80 Days on Market

Highlights

  • Lawn
  • Living Room
  • Tile Flooring
  • Evaporated cooling system
  • Laundry Room
  • Outdoor Storage

About This Home

As of October 2018

• All units have similar configuration: 1 bedroom, 1 bath, gas wall heater, kitchen, 20” gas range/stove, and refrigerator.
• About half the units have roof mounted swamp coolers. Swamp coolers are removed and replaced with two wall mounted AC units when they reach end of life.
• Eight units have small private patios.
• Most units have a carport with a storage closet
• Two utility rooms (one on 23rd the other on Barney)

Complex of 48 units is fully occupied.
Last 3 rentals: Feb $ 675 March $ 685 April $690 (middle unit)

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 04/09/2018

Last Buyer's Agent

Peter Huff

Huff Real Estate License #01454712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 10,075 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 2,550 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Outdoor Storage
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 034043038000

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,080
  • Maintenance Expense $600
  • Pest Control $240
  • Professional Management Expense $1,458
  • Supplies Expense $600
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,063
  • Operating Expense $9,837
  • Gross Income $22,842
  • Net Operating Income $13,006

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Professional Management Expense: 1458.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 600.00
  • Water Sewer Expenses: 1200.00
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 034043038000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 80.88
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bedroom

Exterior Features

  • Other Structures: Storage
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 240.00
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 10075.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 22842.00
  • Gross Multiplier: 10.10
  • Gross Operating Income: 22842.00
  • Gross Scheduled Income: 24300.00
  • Insurance Expense: 1080.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 13006.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9837.00
  • Rent Control: No
  • Total Expenses: 9837.00
  • Vacancy Allowance Rate: 6.00

Tax Info

  • New Taxes Expense: 3063.00
  • Tax Census Tract: 14.01
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Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2018 10/22/18 Sold $206,250 -13.7% $81 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
05/03/2018 05/03/18 Price Changed $239,000 -2.4% $94 / Sq Ft
04/09/2018 04/09/18 For Sale $245,000 -- $96 / 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 $2,434 $229,726 $55,774 $173,952
2024 $2,434 $225,243 $54,681 $170,562
2023 $2,402 $220,953 $53,609 $167,344
2022 $2,369 $216,539 $52,558 $163,981
2021 $2,364 $212,315 $51,528 $160,787
2020 $2,381 $210,150 $51,000 $159,150
2019 $2,347 $206,155 $50,000 $156,155
2018 $652 $60,117 $16,527 $43,590
2017 $676 $58,959 $16,203 $42,756
2016 $666 $57,825 $15,886 $41,939
2015 $657 $57,078 $15,648 $41,430
2014 $643 $55,984 $15,342 $40,642
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18080719

California Regional Multiple Listing Service (CRMLS)