Off market mar 2017 for $457K

—

Est. refi paymentEst. refi $3,030/mo

•

12 ba

•

6,181

sq ft

1961 Kelly Ave, Merced, CA 95340

About this home

Wonderful investment opportunity. This well maintained 7-plex per building apartment complex has great rental history. In each building there are 5-3 bedroom 1.5 bath unit, 1-studio unit and 1-one bedroom unit. Currently is managed by professional property manager. The property is currently has wait list of potential tenants and generates very strong cash flow with plenty of upside in existing rents. The property still has potential to add value by increasing rents to market as leases expires. The complex has excellent location, it is very close to central Yosemite Hwy and Hwy 99. It is walking distance to Joe Herb Community Park and shopping locations. Need to sell both buildings together. (see MLS# MC16759973) Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.

Multi-familyProperty Type

1980Year Built

10,611 sq ftLot Size

$74Price/Sq.Ft.

5 spacesParking

Listed by Genaro Duran •DRE #01434524 • Tinetti Realty Group

Bought with MEMBER NON •DRE #01208961 • Southland Regional Association of REALTORS

Redfin checked: a minute ago

•Source:CRMLS #MC16759148

Redfin Estimate

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

Market trends in 95340, CA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.1%

+1.6% MoM

Median sale price

$410K

$5K MoM

Avg. days on market

45d

11 days MoM

Recently sold homes

19 MoM

New listings for sale

NEW 12 HRS AGO
$639,900
3 beds2.5 baths2,813 sq ft
3384 LOCKSLEY Ct, Merced, CA 95340
RE/MAX Select One
$345,000
3 beds2 baths1,107 sq ft
2332 Q St, Merced, CA 95340
eXp Realty of California Inc.
$220,000
5 beds2 baths2,178 sq ft
928 W 20th St, Merced, CA 95340
Collins Commercial, Collins Commercial
$275,000
3 beds2.5 baths1,293 sq ft
1203 Aspen, Merced, CA 95340
$485,000
4 beds2 baths1,914 sq ft
2421 White Fir Ct, Merced, CA 95340
$47,800,000
Studio— baths— sq ft
1461 E Bellevue Rd, Merced, CA 95340
$559,900
5 beds2.5 baths2,447 sq ft
1443 Favier, Merced, CA 95340
$379,600
2 beds2 baths960 sq ft
2324 Q St, Merced, CA 95340
EXIT Realty Consultants
$479,900
3 beds2 baths2,196 sq ft
294 E 18th, Merced, CA 95340
VIDEO TOUR
$459,500
4 beds2 baths1,920 sq ft
1763 Forest Grove Ct, Merced, CA 95340
See all

Provided by Redfin

Sale history for 1961 Kelly Ave

Date

Event

Price

CRMLS #MC16759148

Mar 27, 2017

Sold

$457,500

$74/sq ft

Mar 17, 2017

Pending

—

Feb 17, 2017

Relisted

—

Feb 13, 2017

Contingent

—

Jan 26, 2017

Price Changed

$500,000

$81/sq ft

Dec 7, 2016

Listed

$575,000

$93/sq ft

SDMLS #301768689

Mar 27, 2017

Sold

$457,500

$74/sq ft

Dec 7, 2016

Listed

$500,000

$81/sq ft

Wonderful investment opportunity. This well maintained 7-plex per building apartment complex has great rental history. In each building there are 5-3 bedroom 1.5 bath unit,1-studio unit and 1-one bedroom unit. Currently is managed by professional property manager. The property is currently has wait list of potential tenants and generates very strong cash flow with plenty of upside in existing rents. The property still has potential to add value by increasing rents to market as leases expires. The complex has excellent location, it is very close to central Yosemite Hwy and Hwy 99. It is walking distance to Joe Herb Community Park and shopping locations. Need to sell both buildings together. (see MLS# MC16759973) Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.

MLSListings #1

Jan 25, 2017

Price Changed

$500,000

$81/sq ft

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81058174

Dec 15, 2016

Listing Removed

—

MLSListings #ML80462496

Sep 29, 2006

Sold

$575,000

$93/sq ft

Jul 14, 2006

Listing Removed

—

Jun 30, 2006

Listed

$678,000

$110/sq ft

Public Records

Jun 19, 1991

Sold

$248,000

$40/sq ft

Public Records

Sep 29, 1988

Sold

$215,000

$35/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$6,055 (+2.3%)

$65,105 + $473,575

$538,680

2025

$5,916 (+5.7%)

$65,105 + $473,575

$538,680

2024

$5,595 (+1.3%)

$63,829 + $464,290

$528,119

2023

$5,521 (+1.4%)

$62,578 + $455,187

$517,765

2022

$5,447 (+0.2%)

$61,351 + $446,262

$507,613

2021

$5,436 (−0.8%)

$60,149 + $437,512

$497,661

2020

$5,479 (+1.4%)

$58,970 + $428,934

$487,904

2019

$5,402 (+9.6%)

$58,366 + $424,536

$482,902

2018

$4,928 (+13.6%)

$57,222 + $416,212

$473,434

2017

$4,338 (+4.8%)

$55,000 + $330,000

$385,000

2016

$4,137 (+4.1%)

$55,000 + $330,000

$385,000

2015

$3,974 (+9.4%)

$55,000 + $310,000

$365,000

2014

$3,634 (+25.2%)

$40,000 + $280,000

$320,000

2013

$2,903 (+5.6%)

$40,000 + $280,000

$320,000

2012

$2,749 (−10.8%)

$20,000 + $240,000

$260,000

2011

$3,082 (−17.4%)

$20,000 + $225,000

$245,000

2010

$3,731 (+3.5%)

$25,000 + $245,000

$270,000

2009

$3,604 (−41.3%)

$25,000 + $310,000

$335,000

2008

$6,135

$50,000 + $285,000

$335,000

Tax history for 1961 Kelly Ave

Year

Property tax

Land + Additions

Assessment*

2026

$6,055 (+2.3%)

$65,105 + $473,575

$538,680

2025

$5,916 (+5.7%)

$65,105 + $473,575

$538,680

2024

$5,595 (+1.3%)

$63,829 + $464,290

$528,119

2023

$5,521 (+1.4%)

$62,578 + $455,187

$517,765

2022

$5,447 (+0.2%)

$61,351 + $446,262

$507,613

2021

$5,436 (−0.8%)

$60,149 + $437,512

$497,661

2020

$5,479 (+1.4%)

$58,970 + $428,934

$487,904

2019

$5,402 (+9.6%)

$58,366 + $424,536

$482,902

2018

$4,928 (+13.6%)

$57,222 + $416,212

$473,434

2017

$4,338 (+4.8%)

$55,000 + $330,000

$385,000

2016

$4,137 (+4.1%)

$55,000 + $330,000

$385,000

2015

$3,974 (+9.4%)

$55,000 + $310,000

$365,000

2014

$3,634 (+25.2%)

$40,000 + $280,000

$320,000

2013

$2,903 (+5.6%)

$40,000 + $280,000

$320,000

2012

$2,749 (−10.8%)

$20,000 + $240,000

$260,000

2011

$3,082 (−17.4%)

$20,000 + $225,000

$245,000

2010

$3,731 (+3.5%)

$25,000 + $245,000

$270,000

2009

$3,604 (−41.3%)

$25,000 + $310,000

$335,000

2008

$6,135

$50,000 + $285,000

$335,000

*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

9.5

Stories

Lot width

—

Lot depth

—

Lot size

10,611 Sq. Ft.

Year renovated

—

Sq. Ft.

6,181

Year built

1980

Style

Other

County

Merced County

APN

034240025000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 4, 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
# of Carport Spaces: 5
# of Parking Spaces: 5

Interior

Cooling Information
Central
Has Cooling

Heating Information
Central Furnace
Has Heating

Interior Features
Levels: Two

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Front Yard, Lot 10000-19999 Sqft

Property Information
Total # of Units: 7
Common Walls: 1 common wall
Parcel Number: 034240025000
Attached Property
Year Built Source: Assessor

Financial

Lease / Rental Details
Operating Expense: $18,000
Other Expense Description: 3500

Utilities

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

Location

Unit Type 1 Information
Unit Key Numeric: 1467627
Listing Key Numeric: 50245708
Actual Rent: $650
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $650
Total # of Units: 5

Unit Type 2 Information
Unit Key Numeric: 1467628
Listing Key Numeric: 50245708
Actual Rent: $550
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $550
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 50245708
Unit Key Numeric: 1467629
Actual Rent: $395
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $395
Total # of Units: 1

Expenses
Total: $18,000
Insurance: $3,000
Water Sewer: $3,200
New Taxes: $4,300

Multi-Unit Information
Net Operating Income: $20,000
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: 6,181
Gross Scheduled Income: $40,000
Gross Income: $40,000
# Of Separate Gas Meters: 7
# Of Separate Electric Meters: 7
# Of Buildings: 1

Neighborhood Information
Community Features: Curbs, Sidewalks

Location Information
Latitude: 37.29578000
Longitude: -120.44883000
Directions: Yosemite Pkwy - Kelly
Zoning: R-3-1.5

Public facts

Beds: 17
Baths: 9.5
Sq. Ft.: 6,181
Stories: 2.0
Lot Size: 10,611 square feet
Style: Other
Year Built: 1980
Year Renovated: —
County: Merced County
APN: 034240025000

Home facts updated by county records on Nov 4, 2026

Other

Listing Information
Days Active in MLS: 100
Continuous Days Active in MLS: 100

Listing Agent Information
List Agent First Name: Genaro
List Agent Last Name: Duran

Listing Office Information
List Office Name: Tinetti Realty Group

Selling Agent Information
Buyer Agent First Name: MEMBER
Buyer Agent Last Name: NON

Selling Office Information
Buyer Office Name: Southland Regional Association

Around this home

Schools

K - 12
Preschool & daycare

Charles Wright Elementary School

Public K-6 • Assigned • 0.8mi

4/10

Herbert Hoover Middle School

Public 7-8 • Assigned • 1.0mi

5/10

Golden Valley High School

Public 9-12 • Assigned • 0.5mi

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 104° 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

38 unhealthy days expected this year, 40 days in 30 years

Provided by First Street

Historical weather

Merced, CA • 95340

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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New listings for sale in 95340

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3384 LOCKSLEY Ct, Merced, CA 95340

Abundant cabinetry • Custom french doors • 7,903 sq ft lot

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eXp Realty of California Inc.

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Collins Commercial, Collins Commercial

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Cozy fireplace • Breakfast bar • Walk-in closet

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Cul de sac • Large kitchen • Plantation shutters

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Studio— baths— sq ft

1461 E Bellevue Rd, Merced, CA 95340

478 acre lot • Listed 4 days

$559,900

5 beds2.5 baths2,447 sq ft

1443 Favier, Merced, CA 95340

Walk-in closet • Jetted soaking tub • Main-level bedroom

$379,600

2 beds2 baths960 sq ft

2324 Q St, Merced, CA 95340

5,001 sq ft lot • 2 garage spots • Built 1945

EXIT Realty Consultants

$479,900

3 beds2 baths2,196 sq ft

294 E 18th, Merced, CA 95340

Indoor laundry area • Expansive backyard • Patio area

Home values near 1961 Kelly Ave

Data from public records.

Address	Redfin Estimate
1971 Kelly Ave, Merced, CA 16 Beds \| 12 Baths \| 6181 Sq. Ft.	—
2009 Kelly Ave, Merced, - - Beds \| - Baths \| - Sq. Ft.	$339,362
2020 Edwards Ave, Merced, CA 3 Beds \| 2 Baths \| 1140 Sq. Ft.	$241,582

Address	Redfin Estimate
2017 Kelly Ave, Merced, CA 3 Beds \| 2 Baths \| 1326 Sq. Ft.	$221,937
1991 Kelly Ave, Merced, - - Beds \| - Baths \| - Sq. Ft.	$340,336
1962 Edwards Ave, Merced, CA 16 Beds \| 4 Baths \| 6800 Sq. Ft.	—

Address	Redfin Estimate
2045 Kelly Ave, Merced, CA 4 Beds \| 6 Baths \| 4 Sq. Ft.	—
2000 Edwards Ave, Merced, CA 4 Beds \| 2 Baths \| 1156 Sq. Ft.	$344,805
1962-1976 Edwards Ave, Merced, CA 16 Beds \| 8 Baths \| 6800 Sq. Ft.	—

Property information provided by CRMLS when last listed in 2016. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 95340, CA

Sale history for 1961 Kelly Ave

Tax history for 1961 Kelly Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 95340

Home values near 1961 Kelly Ave

More real estate resources