NOT LISTED FOR SALE

941 Barney St Merced, CA 95340

8 Beds
8 Baths
4,800 Sq Ft
0.6 Acres

Last Sold October 22, 2018

Last sale price $550,000 $115 Per Sq Ft

88 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Lawn
  • Living Room
  • Property is near public transit
  • Evaporated cooling system
  • Laundry Room

About This Home

As of October 2018

This parcel has two triplexes and one duplex for a total of eight units. All units are similar, with one bedroom, bathroom, kitchen (gas stove, refrigerator), living room, individual gas & electric . Concrete slab foundations, comp shingle roof.
Income Growth: Merced Park apartments in 2014 collected $ 384/month per unit; 2015 = $ 447; 2016 = $ 524; 2017 $ 580 2018 Rent $ 690
The complex is full. In February a new move in at $ 675 ; Just approved $ 690 for only vacant unit in complex. These eight units are full.

These units are managed as part of the overall Merced Park Complex, a total of 48 units on East 23rd and Barney, the office is located at 946 East 23rd street. There are two laundry areas, one on East 23rd and the other on Barney for use by tenants.
Also for sale: 8 units at 941 Barney; 5 Units at 981 Barney; 6 units at 2302 Willow; 7 triplex 900-1030 E 23rd

Last Agent to Sell the Property

Mark Yandow

Yandow Realty Group License #00594950 Listed on: 04/01/2018

Last Buyer's Agent

Peter Huff

Huff Real Estate License #01454712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.6 Acre Lot
  • Property fronts an alley
  • 1 Common Wall
  • Landscaped
  • Lawn

Home Design

  • Triplex
  • Fire Rated Drywall
  • Asphalt Roof
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,800 Sq Ft Home
  • Living Room
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 16 Parking Spaces
  • 8 Carport Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 034041031000

Community Details

Overview

  • 3 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Gardener Expense $3,000
  • Insurance Expense $1,100
  • Maintenance Expense $4,000
  • Pest Control $500
  • Professional Management Expense $2,950
  • Water Sewer Expense $2,000
  • New Taxes Expense $6,000
  • Operating Expense $19,760
  • Gross Income $65,760
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • CapRate: 7.67
  • Professional Management Expense: 2950.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 2000.00
  • Zoning: R-2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 034041031000
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 114.58
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Near Public Transit
  • Lot Size Sq Ft: 26147.00

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 65760.00
  • Gross Multiplier: 9.12
  • Gross Scheduled Income: 65760.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 4000.00
  • Net Operating Income: 46000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 19760.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 19760.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 14.01

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
10/22/2018 10/22/18 Sold $550,000 -8.3% $115 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $600,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Yandow

    Seller's Agent in 2018

    Mark Yandow

    Yandow Realty Group

    (209) 270-7891

    7 Total Sales

    Mark Yandow
    Section Image
  • Peter Huff

    Buyer's Agent in 2018

    Peter Huff

    Huff Real Estate

    (209) 261-0592

    30 Total Sales

    Peter Huff
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC18080640

California Regional Multiple Listing Service (CRMLS)
California Merced County Merced 95340

941 Barney St, Merced, CA

This home is located at 941 Barney St, Merced, CA 95340 since 01 April 2018. This property was built in 1955. 941 Barney St is a home located in Merced County with nearby schools including Charles Wright Elementary School, Herbert Hoover Middle School, and Golden Valley High School.

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.

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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