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Off market nov 2023 for $851K

—

Est. refi paymentEst. refi $5,799/mo

•

4,500

sq ft

149 W 11th St, Merced, CA 95341

About this home

Welcome to this incredible eight-unit apartment complex in the bustling city of Merced, California. This property is the perfect investment opportunity for any savvy investor looking for a stable and profitable multifamily investment. Featuring a mix of mostly tenants at market rate and some long-term tenants, this property provides a perfect balance of growth and stability for any investor. A majority of the current tenants have already signed lease renewals with rental increases, indicating the strong demand for affordable housing in Merced County. With a very low vacancy rate, this property is situated in a prime location in Merced, which is known for its growing economy and diverse job market. The city is home to a thriving college community, which attracts a large number of students and professionals, making this a fantastic investment opportunity. This property is in excellent condition and has been meticulously maintained by the current owner. Investors will appreciate the great condition of the units and the common areas, ensuring minimal maintenance and upkeep costs. The current 5.01% cap rate provides an excellent return on investment, and there is still potential for growth. The location, tenant mix, and rental history all make this a highly desirable investment property that you do not want to miss. Don't wait to secure this incredible opportunity! Call us today to learn more about this eight-unit apartment complex in Merced, California, and how you can make it a part of your investment portfolio.

Multi-familyProperty Type

1980Year Built

7,501 sq ftLot Size

$189Price/Sq.Ft.

Listed by Eric Jaurique-Pouncey •DRE #02154006 • BHGRE Everything Real Estate

Contact: 209-769-3934

Bought with Araceli Gomez Gutierrez •DRE #01833657 • Keller Williams Property Team

Redfin checked: a minute ago

•Source:CRMLS #MC23083383

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 95341, CA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.7%

+0.1% MoM

Median sale price

$405K

$5K MoM

Avg. days on market

39d

2 days MoM

Recently sold homes

3 MoM

New listings for sale

$50,000
2 beds2 baths1,040 sq ft
2240 Golden Oak Ln #107, Merced, CA 95341
$300,000
2 beds1 bath826 sq ft
44 W 13th, Merced, CA 95341
$319,999
3 beds1 bath990 sq ft
1653 Almond Ave, Merced, CA 95341
$439,950
4 beds2 baths1,842 sq ft
272 E San Pedro St, Merced, CA 95341
Castle Real Estate
$409,500
4 beds2 baths1,513 sq ft
209 Grand View Ct, Merced, CA 95341
See all

Provided by Redfin

Sale history for 149 W 11th St

Date

Event

Price

APPFOLIO #1

Apr 10, 2024

Rental Removed

$775

$0/sq ft

Mar 26, 2024

Price Changed

$775

$0/sq ft

Dec 7, 2023

Listed for Rent

$875

$0/sq ft

Nov 26, 2022

Rental Removed

—

CRMLS #MC23083383

Nov 30, 2023

Sold

$851,500

$189/sq ft

Oct 1, 2023

Pending

—

Aug 1, 2023

Price Changed

$915,000

$203/sq ft

Jul 8, 2023

Price Changed

$939,999

$209/sq ft

May 16, 2023

Listed

$950,000

$211/sq ft

Public Records

Mar 23, 2004

Sold

$405,000

$90/sq ft

Public Records

Mar 1, 1995

Sold

$150,000

$33/sq ft

Public Records

May 23, 1991

Sold

$34,000

$8/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$9,931 (+2.3%)

$98,838 + $787,062

$885,900

2025

$9,705 (+5.8%)

$98,838 + $787,062

$885,900

2024

$9,178 (+19.2%)

$96,900 + $771,630

$868,530

2023

$7,699 (+208.0%)

$95,000 + $756,500

$851,500

2022

$2,500 (+0.2%)

$86,700 + $622,200

$708,900

2021

$2,495 (−0.8%)

$50,197 + $175,692

$225,889

2020

$2,514 (+1.5%)

$49,213 + $172,248

$221,461

2019

$2,476 (+9.6%)

$48,709 + $170,482

$219,191

2018

$2,260 (−3.7%)

$47,754 + $167,140

$214,894

2017

$2,346 (−29.7%)

$45,900 + $160,650

$206,550

2016

$3,336 (+2.0%)

$45,900 + $160,650

$206,550

2015

$3,269 (+26.0%)

$35,533 + $258,888

$294,421

2014

$2,594 (+11.9%)

$30,000 + $200,000

$230,000

2013

$2,318 (+4.4%)

$30,000 + $200,000

$230,000

2012

$2,220 (−10.6%)

$15,000 + $195,000

$210,000

2011

$2,484 (−49.1%)

$15,000 + $185,000

$200,000

2010

$4,882 (+3.4%)

$20,000 + $200,000

$220,000

2009

$4,722 (+3.0%)

$82,608 + $362,049

$444,657

2008

$4,582

$82,804 + $362,909

$445,713

Tax history for 149 W 11th St

Year

Property tax

Land + Additions

Assessment*

2026

$9,931 (+2.3%)

$98,838 + $787,062

$885,900

2025

$9,705 (+5.8%)

$98,838 + $787,062

$885,900

2024

$9,178 (+19.2%)

$96,900 + $771,630

$868,530

2023

$7,699 (+208.0%)

$95,000 + $756,500

$851,500

2022

$2,500 (+0.2%)

$86,700 + $622,200

$708,900

2021

$2,495 (−0.8%)

$50,197 + $175,692

$225,889

2020

$2,514 (+1.5%)

$49,213 + $172,248

$221,461

2019

$2,476 (+9.6%)

$48,709 + $170,482

$219,191

2018

$2,260 (−3.7%)

$47,754 + $167,140

$214,894

2017

$2,346 (−29.7%)

$45,900 + $160,650

$206,550

2016

$3,336 (+2.0%)

$45,900 + $160,650

$206,550

2015

$3,269 (+26.0%)

$35,533 + $258,888

$294,421

2014

$2,594 (+11.9%)

$30,000 + $200,000

$230,000

2013

$2,318 (+4.4%)

$30,000 + $200,000

$230,000

2012

$2,220 (−10.6%)

$15,000 + $195,000

$210,000

2011

$2,484 (−49.1%)

$15,000 + $185,000

$200,000

2010

$4,882 (+3.4%)

$20,000 + $200,000

$220,000

2009

$4,722 (+3.0%)

$82,608 + $362,049

$444,657

2008

$4,582

$82,804 + $362,909

$445,713

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,500 Sq. Ft.

Year renovated

—

Sq. Ft.

3,798

Year built

1978

Style

Other

County

Merced County

APN

031342015000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

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

Interior

Laundry Information
Has Laundry
Community

Cooling Information
Wall Window
Has Cooling

Flooring Information
Tile

Interior Features
Entry Level: 1
Entry Location: Street

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Land Value: $50,197
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre

Property Information
Total # of Units: 8
Common Walls: No Common Walls
Improvements Amount: $178,442
Parcel Number: 031342015000
Total # of Stories: 2
Year Built Source: Public Records

Financial

Lease / Rental Details
Operating Expense: $23,528
Other Expense: $1,998.80
Other Expense Description: FloodIns
Rent Control
Tenant Pays: Electricity
Total Actual Rent: $6,003

Utilities

Utilities Information
Sewer: Public Sewer
Water Source: District/Public

Location

Unit Type 1 Information
Unit Key Numeric: 11683584
Listing Key Numeric: 371413620
Actual Rent: $875
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $10,500
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 11683585
Listing Key Numeric: 371413620
Actual Rent: $753.50
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $9,042
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 371413620
Unit Key Numeric: 11683586
Actual Rent: $742.50
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $8,910
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 371413620
Unit Key Numeric: 11683587
Actual Rent: $635
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $7,620
Total # of Units: 1

Unit Type 5 Information
Unit Key Numeric: 11683588
Listing Key Numeric: 371413620
Actual Rent: $572
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $6,864
Total # of Units: 1

Unit Type 6 Information
Listing Key Numeric: 371413620
Unit Key Numeric: 11683589
Actual Rent: $825
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $19,800
Total # of Units: 2

Unit Type 7 Information
Unit Key Numeric: 11683590
Listing Key Numeric: 371413620
Actual Rent: $775
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total Rent: $9,300
Total # of Units: 1

Expenses
Total: $23,528
Pest Control: $540
Maintenance: $4,000
Insurance: $2,625
Water Sewer: $6,264
Electric: $1,618
New Taxes: $2,500

Multi-Unit Information
# of Units With Refrigerator: 7
# of Units With Range: 8
# of Units With Disposal: 8
Net Operating Income: $47,067
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: 4,500
Gross Scheduled Income: $72,036
Gross Operating Income: $70,595.20
Gross Multiplier: 13.04
Gross Income: $72,036
# Of Leased Units: 8
# Of Separate Water Meters: 1
# Of Separate Electric Meters: 9
# Of Buildings: 1
Vacancy Allowance Rate: 2
# of Wall AC: 8

Neighborhood Information
Community Features: Urban

Location Information
Latitude: 37.29364200
Longitude: -120.48194900
Directions: South on G St, Right on W 11th St and the property is on your right
Zoning: R-4

Public facts

Beds: 7
Baths: 7.0
Sq. Ft.: 3,798
Stories: 2.0
Lot Size: 7,500 square feet
Style: Other
Year Built: 1978
Year Renovated: —
County: Merced County
APN: 031342015000

Home facts updated by county records on Oct 9, 2026

Other

Listing Information
IDX Contact Info: 209-769-3934
Days Active in MLS: 138
Continuous Days Active in MLS: 138

Listing Agent Information
List Agent First Name: Eric
List Agent Last Name: Jaurique-Pouncey

Listing Office Information
List Office Name: BHGRE Everything Real Estate

Selling Agent Information
Buyer Agent First Name: Araceli
Buyer Agent Last Name: Gomez

Selling Office Information
Buyer Office Name: Keller Williams Property Team

Around this home

Schools

Don Stowell Elementary School

Public K-6 • Assigned • 0.4mi

3/10

Herbert Hoover Middle School

Public 7-8 • Assigned • 1.2mi

5/10

Merced High School

Public 9-12 • Assigned • 1.8mi

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

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

7/10 Heat Factor

7 days above 105° expected this year, 18 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 • 95341

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

Sell confidently with a local market expert in Merced. 3 minutes to get started.

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PMZ Commercial Real Estate

New listings for sale in 95341

$50,000

2 beds2 baths1,040 sq ft

2240 Golden Oak Ln #107, Merced, CA 95341

$300,000

2 beds1 bath826 sq ft

44 W 13th, Merced, CA 95341

$319,999

3 beds1 bath990 sq ft

1653 Almond Ave, Merced, CA 95341

$439,950

4 beds2 baths1,842 sq ft

272 E San Pedro St, Merced, CA 95341

Castle Real Estate

$409,500

4 beds2 baths1,513 sq ft

209 Grand View Ct, Merced, CA 95341

Home values near 149 W 11th St

Data from public records.

Address	Redfin Estimate
145 W 11th Street, Merced, CA 2 Beds \| 1 Baths \| 720 Sq. Ft.	$224,682
203 W 11th Street, Merced, CA 3 Beds \| 1 Baths \| 1159 Sq. Ft.	$322,891

Address	Redfin Estimate
127 W 11th Street, Merced, CA 3 Beds \| 1 Baths \| 896 Sq. Ft.	$306,142
116 W 12th Street, Merced, CA 1 Beds \| 1 Baths \| 432 Sq. Ft.	$441,566

Address	Redfin Estimate
103 W 11th Street, Merced, CA 3 Beds \| 1 Baths \| 744 Sq. Ft.	$247,365
146 W 12th Street, Merced, CA 3 Beds \| 1 Baths \| 974 Sq. Ft.	$266,388

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 95341, CA

Sale history for 149 W 11th St

Tax history for 149 W 11th St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 95341

Home values near 149 W 11th St

More real estate resources