OFF MARKET

Off Market Mar 2017 for $475K

—

Est. refi paymentEst. refi $3,061/mo

•

6,181

sq ft

1971 Kelly Ave, Merced, CA 95340

About this home

Wonderful investment opportunity. This 2-building well maintained (1961 Kelly and 1971 Kelly) 7-plex per building apartment complex has great rental history. In each building there are 5-3bedroom 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. 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

10,454 sq ftLot Size

$77Price/Sq.Ft.

1 car garageParking

Listed by Karen Fangfang Xu •DRE #01783775 • Congress Springs Inc

Contact: 408-859-7539

Bought with Jose Romero •DRE #01208961 • Plaza Real Estate

Redfin checked: 2 minutes ago

•Source:MLSListings #ML81631763

Redfin Estimate

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

Market trends in 95340, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.3%

+0.3% MoM

Median sale price

$410K

$25K MoM

Avg. days on market

34d

7 days MoM

Recently sold homes

118

24 MoM

New listings for sale

$365,000
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3 beds2 baths1,718 sq ft
600 Dennis Ct, Merced, CA 95340
$585,000
4 beds3 baths1,904 sq ft
3947 Finch Ct, Merced, CA 95340
$309,900
3 beds1 bath1,168 sq ft
2672 9th Ave, Merced, CA 95340
$315,000
2 beds1.5 baths1,489 sq ft
420 W 19th St, Merced, CA 95340
$225,000
2 beds1 bath1,008 sq ft
1490 Cameron Ln, Merced, CA 95340
VIDEO TOUR
$290,000
2 beds1 bath1,084 sq ft
360 E 19th St, Merced, CA 95340
$1,099,000
16 beds8 baths6,800 sq ft
1962-1976 Edwards, Merced, CA 95340
Soldavi Inc.
$379,600
2 beds2 baths960 sq ft
2324 Q St, Merced, CA 95340
EXIT Realty Consultants
See all

Provided by Redfin

Sale history for 1971 Kelly Ave

Date

Event

Price

RENT. #1

Jan 24, 2022

Price Changed

$1,600

$0/sq ft

CRMLS #MC16759973

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 8, 2016

Listed

$575,000

$93/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#MC16759148). Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.

SDMLS #301768706

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#MC16759148). Merced has become a very lucrative income property market for bay area investors who are seeking higher yields from cash flows as investors.

MLSListings #ML81631763

Mar 28, 2017

Pending

—

Mar 28, 2017

Sold

$475,000

$77/sq ft

Jan 25, 2017

Price Changed

$500,000

$81/sq ft

Nov 13, 2016

Listed

$575,000

$93/sq ft

MLSListings #ML80462920

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

Oct 26, 1988

Sold

$215,000

$35/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,916 (+5.7%)

$65,105 + $473,575

$538,680

2024

$5,595 (+1.4%)

$63,829 + $464,290

$528,119

2023

$5,518 (+1.3%)

$62,578 + $455,187

$517,765

2022

$5,450 (+0.3%)

$61,351 + $446,262

$507,613

2021

$5,436 (−0.8%)

$60,149 + $437,512

$497,661

2020

$5,479 (+1.5%)

$58,970 + $428,934

$487,904

2019

$5,399 (+9.8%)

$58,366 + $424,536

$482,902

2018

$4,918 (+13.7%)

$57,222 + $416,212

$473,434

2017

$4,325 (+5.0%)

$55,000 + $330,000

$385,000

2016

$4,119 (+4.3%)

$55,000 + $330,000

$385,000

2015

$3,948 (+9.5%)

$55,000 + $310,000

$365,000

2014

$3,606 (+25.6%)

$40,000 + $280,000

$320,000

2013

$2,871 (+5.5%)

$40,000 + $280,000

$320,000

2012

$2,722 (−10.8%)

$20,000 + $240,000

$260,000

2011

$3,050 (−17.5%)

$20,000 + $225,000

$245,000

2010

$3,697 (+3.6%)

$25,000 + $245,000

$270,000

2009

$3,568 (−41.8%)

$25,000 + $310,000

$335,000

2008

$6,134

$50,000 + $285,000

$335,000

Tax history for 1971 Kelly Ave

Year

Property tax

Land + Additions

Assessment*

2025

$5,916 (+5.7%)

$65,105 + $473,575

$538,680

2024

$5,595 (+1.4%)

$63,829 + $464,290

$528,119

2023

$5,518 (+1.3%)

$62,578 + $455,187

$517,765

2022

$5,450 (+0.3%)

$61,351 + $446,262

$507,613

2021

$5,436 (−0.8%)

$60,149 + $437,512

$497,661

2020

$5,479 (+1.5%)

$58,970 + $428,934

$487,904

2019

$5,399 (+9.8%)

$58,366 + $424,536

$482,902

2018

$4,918 (+13.7%)

$57,222 + $416,212

$473,434

2017

$4,325 (+5.0%)

$55,000 + $330,000

$385,000

2016

$4,119 (+4.3%)

$55,000 + $330,000

$385,000

2015

$3,948 (+9.5%)

$55,000 + $310,000

$365,000

2014

$3,606 (+25.6%)

$40,000 + $280,000

$320,000

2013

$2,871 (+5.5%)

$40,000 + $280,000

$320,000

2012

$2,722 (−10.8%)

$20,000 + $240,000

$260,000

2011

$3,050 (−17.5%)

$20,000 + $225,000

$245,000

2010

$3,697 (+3.6%)

$25,000 + $245,000

$270,000

2009

$3,568 (−41.8%)

$25,000 + $310,000

$335,000

2008

$6,134

$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

10,643 Sq. Ft.

Year renovated

—

Sq. Ft.

6,181

Year built

1980

Style

Other

County

Merced County

APN

034240024000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 11, 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 Information
Parking Description: Common Parking Area, Covered Parking
Garage Spaces: 1
Parking Spaces: 1

Interior

Virtual Tour

Room Information
Kitchen Description: Countertop (Ceramic)

Interior Features
Laundry: Hookups Only
Flooring: Carpet, Tile, Vinyl/Linoleum

Heating & Cooling Information
Cooling: Central Forced Air
Heating: Forced Air

Exterior

Exterior Features
Roof: Shingle

Building Information
# of Buildings: 1
Subclass: 5+ Units
Raised

Property Features
Living Sq. Ft.: 6,181

Property Information
Ownership Type: Limited Partnership
Property Primary ID: 426095
Restrictions: Pets (Allowed)
Tenant Expenses: Utilities (Gas), Utilities (Heating), Utilities (Water)

Lot Information
Lot Acres: 0.244
Lot Description: Regular
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Other (See Remarks)
Zoning: R-3-1.5

Financial

Tax/Assessment Information
Annual Tax Amount: $4,500
City Transfer Tax: Yes

Utilities

Utility Information
Meters: Primary Gas
Sewer Septic: Sewer (Public)
Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
Utility Expenses: $3,500

Water Information
Water: Public

Location

Multi-Unit Information
# of Units in Complex (Minimum): 7
Annual Rental Income: $40,000
Annual Gross Income: $38,000
Gross Rent Multiplier: 12.50
Gross Scheduled Income: $40,000
Other Expenses: $3,500
Total Expenses: $21,250
Vacancy Factor: 5

Unit Type 1 Information
# of Bedrooms: 3
# of Units (Total): 5
# of Baths (Full): 1
# of Baths (1/2): 1
Approx Sq. Ft.: 1,187
Rent: $500

Unit Type 2 Information
# of Units (Total): 1
# of Baths (Full): 1
Approx Sq. Ft.: 500
Rent: $450

Unit Type 3 Information
# of Bedrooms: 1
# of Units (Total): 1
# of Baths (Full): 1
Approx Sq. Ft.: 650
Rent: $500

School Information
Elementary School: Charles Wright Elementary
Elementary School District: Merced City Elementary
Middle School: Herbert Hoover Middle
High School: Golden Valley High
High School District: Merced Union High

Public facts

Beds: 15
Baths: 9.5
Sq. Ft.: 6,181
Stories: 2.0
Lot Size: 10,643 square feet
Style: Other
Year Built: 1980
Year Renovated: —
County: Merced County
APN: 034240024000

Home facts updated by county records on Sep 11, 2026

Around this home

Schools

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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Soldavi Inc.

Home values near 1971 Kelly Ave

Data from public records.

Address	Redfin Estimate
1961 Kelly Avenue, Merced, CA 16 Beds \| 9.5 Baths \| 6181 Sq. Ft.	—
2009 Kelly Avenue, Merced, - - Beds \| - Baths \| - Sq. Ft.	$311,164

Address	Redfin Estimate
2017 Kelly Avenue, Merced, CA 3 Beds \| 2 Baths \| 1326 Sq. Ft.	$237,862
1991 Kelly Avenue, Merced, - - Beds \| - Baths \| - Sq. Ft.	$332,141

Address	Redfin Estimate
2045 Kelly Avenue, Merced, CA 4 Beds \| 6 Baths \| 4 Sq. Ft.	—
2040 Edwards Avenue, Merced, CA 2 Beds \| 1 Baths \| 768 Sq. Ft.	$306,460

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 95340, CA

Sale history for 1971 Kelly Ave

Tax history for 1971 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 1971 Kelly Ave

More real estate resources