Worldbid auction - Court Ordered. 23 unit apartment complex is the heart of Merced. Under market rents! Qualifying round sealed bids due April 23, 2025 Noon PT. Proof of funds to close required with bid submission. Completely non contingent auction. Buyers must conduct due diligence in advance of the auction. If you are obtaining a loan, lender approval letter required with bid submission. Proforma rents of $268,000. 69% occupied. Review the offering memorandum for bidding information and property information. Seller is not providing any inspection reports. Current appraised value $1.3 million. Sealed bid auction contract attached. Review property information at Braunworldbid.com/commercial property auctions.
Multi-familyProperty Type
0.69 acresLot Size
$98Price/Sq.Ft.
21 spacesParking
Listed by Anthony Fitzgerald•DRE #DRE #01248708• Premiere Estates International
•310-704-3616 (agent)
•twohl@premiereestates.com (agent)
•877-337-8283 (broker)
Bought with Srinivasa Myneni•DRE #DRE #01953963• Legacy Real Estate & Assoc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Merced County
APN
013082101600
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 18, 2025.
R-4
High Density Residential District
The R-4 zoning district provides an area for the highest density residential uses in Merced. Permitted uses include single-family dwellings, duplex homes, multi-family dwellings, single room occupancy housing, and other land uses typically compatible with a high-density residential setting in close proximity to shopping, transportation, and other facilities.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Office-Other
Property details
Parking
Parking Information
Parking Features: Open
# of Parking Total: 21
Has Open Parking
Interior
Bedrooms Information
# of Bedrooms: 23
Interior Features
Laundry Features: Coin Operated
Has Heating
Heating: Individual
Cooling: None
Flooring: See Remarks
Multi-Family General Information
# of Units Leased: 15
# of Units Month-to-Month: 15
# of Units Total: 23
# of Units Vacant: 8
# of Units Leasable: 23
Studio Annual Occupancy: 0
1 Bedroom Annual Occupancy: 0
2 Bedroom Annual Occupancy: 0
3 Bedroom Annual Occupancy: 0
4 Bedroom Annual Occupancy: 0
Exterior
Building Information
Living Area: 16615
Living Area Units: Square Feet
Living Area Source: Assessor Agent-Fill
Building Area Total: 16615
Building Area Units: Square Feet
Building Area Source: Assessor Agent-Fill
# of Stories Total: 1
Construction Materials: Stucco
Year Built: 0
Year Built Details: Unknown
Year Built Source: Assessor Agent-Fill
Foundation Details: See Remarks
Property Type
Property Type: Residential Income
Property SubType: Multi Family
Property Information
# of Buildings: 3
Security Features: None
Land Information
Irrigation Source: Public District
Lot Information
Lot Features: Sidewalk
Lot Size Sq. Ft.: 30000
Lot Size Acres: 0.6887
Lot Size Area: 30000
Lot Size Units: SqFt
Lot Size Units: Square Feet
Elevation: 0
Zoning: r4
Utilities
Utility Information
Utilities: City
Sewer: Public Sewer
Water Source: Public
Location
HOA Information
Association Fee: 0
School Information
Elementary School District: Other
Middle Or Junior School District: Other
High School District: Other
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Merced County
APN: 013082101600
Home facts updated by county records on Mar 18, 2025
Around this home
Schools
Don Stowell Elementary School
Public K-6 • Assigned • 0.6mi
3/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.8mi
5/10
Merced High School
Public 9-12 • Assigned • 1.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 35 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95310
Average low and high temperatures (°F)
59
39
63
44
70
47
73
49
82
55
91
61
94
63
96
64
90
62
79
54
63
46
55
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.2 hours in
June and 4.4 hours in December, placing it above the
U.S. average for solar exposure.