100% Occupied, turn-key investment property in the heart of downtown Merced. 5 units provide a very desirable unit mix of two 2 bd/1 ba, two 1 bd/1 ba, and one studio. Low maintenance stucco exterior, tile floors in all units, and excellent property mgmt in place make this a rare opportunity to buy near growing UC Merced and generate strong cash flow. All tenants are on 12 month leases. Rents: $3,055/month. 2 bds at $695 & $675, 1 bds at $595, and studio at $495. * Write offers subject to inspection. Interiors of units will only be shown to buyer once offer is accepted. *
Multi-familyProperty Type
1942Year Built
7,501 sq ftLot Size
$106Price/Sq.Ft.
Listed by David Bezeau•DRE #01331414• HomeBay Broker CA, Inc
Bought with Teri Kleinen•DRE #01961434• BHGRE Everything Real Estate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,500 Sq. Ft.
Year renovated
—
Sq. Ft.
1,842
Year built
1942
Style
Other
County
Merced County
APN
031081003000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-3-1.5
Medium Density Residential-1.5 District
The R-3 zoning district provides an area for a full range of residential uses, including single-family dwellings, duplex homes, multi-family dwellings, single room occupancy housing, and other land uses typically compatible with a medium density residential setting. The R-3 zoning district R-3-1.5 allowing for a range of permitted residential densities.
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 / Garage Information
Unassigned
Has Parking
Interior
Laundry Information
None
Cooling Information
Central
Has Cooling
Flooring Information
Tile
Heating Information
Radiant, Natural Gas
Has Heating
Interior Features
Levels: One
Exterior
Exterior Information
Roof: Composition
Foundation Information
Foundation Details: Raised
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Seller
Lot Features: 2-5 Units/Acre, Level with Street
Property Information
Total # of Units: 5
Common Walls: 1 common wall
Parcel Number: 031081003000
Attached Property
Total # of Stories: 1
Year Built Source: Seller
Financial
Assesments Information
Assessments: Unknown
Lease / Rental Details
Operating Expense: $13,380
Other Expense: $3,132
Rent Control
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 10413564
Listing Key Numeric: 183988216
Actual Rent: $695
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $695
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10413565
Listing Key Numeric: 183988216
Actual Rent: $675
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $675
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 183988216
Unit Key Numeric: 10413566
Actual Rent: $595
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $595
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 183988216
Unit Key Numeric: 10413567
Actual Rent: $595
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $595
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 10413568
Listing Key Numeric: 183988216
Actual Rent: $495
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $495
Total # of Units: 1
Expenses
Trash: $1,320
Total: $13,380
Insurance: $1,200
Water Sewer: $2,640
New Taxes: $2,160
Multi-Unit Information
Net Operating Income: $23,220
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,221
Gross Scheduled Income: $36,600
Gross Multiplier: 9.2
Gross Income: $36,600
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 2
Neighborhood Information
Community Features: Curbs, Sidewalks, Street Lighting, Suburban
Location Information
Latitude: 37.30228700
Longitude: -120.47676500
Directions: Cross Streets: I Street
Zoning: R-3-1.5
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,842
Stories: 1.0
Lot Size: 7,500 square feet
Style: Other
Year Built: 1942
Year Renovated: —
County: Merced County
APN: 031081003000
Home facts updated by county records on Aug 26, 2026
Other
Listing Information
Days Active in MLS: 5
Continuous Days Active in MLS: 5
Listing Agent Information
List Agent First Name: David
List Agent Last Name: Bezeau
Listing Office Information
List Office Name: HomeBay Broker CA, Inc
Selling Agent Information
Buyer Agent First Name: Teri
Buyer Agent Last Name: Kleinen
Selling Office Information
Buyer Office Name: Merced Yosemite Realty
Around this home
Schools
Don Stowell Elementary School
Public K-6 • Assigned • 0.8mi
3/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.7mi
5/10
Merced High School
Public 9-12 • Assigned • 1.2mi
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 • 95340
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
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