5 unit complex near HWY 59 and Olive ave. All units are approximately 800 sq ft, 2 bedroom 1 and a half bath. Average market rents for the area is $1400 a unit. Laundry room available on site. Can be purchased separately or with 1973 Shadowbrook which is also for sale.
Downtown Merced, located between Bear Creek and Yosemite Avenue, is a historic and civic Merced neighborhood with a walkable street grid and early-20th-century storefronts. The neighborhood’s character concentrates around Main Street and 16th Street, where murals, coffee counters, small galleries, and late-night bites cluster under classic marquees. The Merced Theatre anchors the arts calendar, while the Merced County Courthouse Museum adds a stately, timeworn counterpoint. The Multicultural Arts Center keeps the creative scene visible in a compact footprint. Brick facades, neon signage, and pocket plazas shape an urban rhythm that shifts from daytime errands to evening shows.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
Two bedrooms in each of the five units
Bathrooms
Two bathrooms in each unit, including one full bathroom and one half bathroom
Kitchen
Refrigerators and electric ranges in all five units
Gas water heater
Laundry & utility
Individual laundry room
Heating & cooling
Forced-air heating
Central cooling
Exterior features
Paved areas
Lawn
Home design
Five-unit property
Two stories
Attached
Parking
Eight carport spaces
Utilities
Public sewer
District/public water
Five separate gas meters
Five separate electric meters
One separate water meter
HOA & community
Street lighting
Sidewalks
Financial info
Gross scheduled income of $73,740
Gross income of $73,740
Net operating income of $59,232
Total operating expenses of $14,508
Trash expense of $2,520
Insurance expense of $5,892
Water and sewer expense of $2,520
Tenants pay gas and electricity
Current unit rents: $1,100, $1,100, $1,400, $1,300, and $1,345
Electricity and solar
View estimated energy costs and solar savings for this home
Great Investment! 5 units all fully rented. Each unit is 2 bedroom 1 bath and in nice condition. Each apartment has a storage unit approximately 192 square feet. Separate designated parking for each unit. Tile roof. Don't miss this opportunity!
Great Investment! 5 units all fully rented. Each unit is 2 bedroom 1 bath and in nice condition. Each apartment has a storage unit approximately 192 square feet. Separate designated parking for each unit. Tile roof. Don't miss this opportunity!
CRMLS #MC17267177
Jan 31, 2018
Sold
$400,000
$100/sq ft
Dec 11, 2017
Pending
—
Dec 9, 2017
Relisted
—
Dec 9, 2017
Pending
—
Nov 28, 2017
Listed
$399,900
$100/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$5,176 (+2.4%)
$46,420 + $417,808
$464,228
2025
$5,056 (+5.8%)
$46,420 + $417,808
$464,228
2024
$4,781 (+17.8%)
$45,510 + $409,616
$455,126
2023
$4,057 (−12.8%)
$44,618 + $401,585
$446,203
2022
$4,652 (+0.2%)
$43,744 + $332,511
$376,255
2021
$4,643 (−0.8%)
$42,887 + $385,992
$428,879
2020
$4,679 (+1.5%)
$42,047 + $378,424
$420,471
2019
$4,611 (+50.6%)
$41,616 + $374,544
$416,160
2018
$3,062 (−3.7%)
$40,800 + $367,200
$408,000
2017
$3,179 (+1.6%)
$65,959 + $219,341
$285,300
2016
$3,128 (+1.6%)
$65,959 + $219,341
$285,300
2015
$3,079 (+2.2%)
$64,666 + $215,041
$279,707
2014
$3,012 (+17.6%)
$62,448 + $207,662
$270,110
2013
$2,562 (+3.9%)
$62,448 + $207,662
$270,110
2012
$2,465 (−14.5%)
$15,000 + $220,000
$235,000
2011
$2,884 (+2.9%)
$15,000 + $210,000
$225,000
2010
$2,804 (+3.4%)
$59,753 + $198,698
$258,451
2009
$2,711 (+3.0%)
$59,307 + $197,213
$256,520
2008
$2,631
$59,447 + $197,681
$257,128
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
7,220 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Merced County
APN
058150019000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 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
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, 16 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 • 95348
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Feb
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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
Redfin Estimate for 1973 Shadowbrook
There isn’t enough information to generate an accurate estimate at this time. Learn More