Three remodeled homes on one lot, fully rented, professionally managed and cash flowing with gross annual rents of $36450. Come check out this investment property that includes recent upgrades of central heat & air, laundry hookups with washer and dryers, low maintenance landscape and much more!
Multi-familyProperty Type
1925Year Built
7,405 sq ftLot Size
$239Est. Price/Sq.Ft.
Listed by Robert Moore•DRE #01951575• Redwood Real Estate
Bought with Tanvir Ali•DRE #01986697• Realty ONE Group Future
Great investment Property Now Available. 3 homes all on 1 lot, each with its own address and separate gas and electric meters. Here is your opportunity to purchase an investment property that will continuously bring income among 3 separate units. 161 w 23rd st is a 2 bedroom 1 bath, 2320 I st is a 2 bedroom 1 bath and 2326 I st is a 3 bedroom 1 bath. This lot offers room to add an additional cash flow to your investment by adding/building a laundry facility with utility hooks still present on site. With t
Great investment Property Now Available. 3 homes all on 1 lot, each with its own address and separate gas and electric meters. Here is your opportunity to purchase an investment property that will continuously bring income among 3 separate units. 161 w 23rd st is a 2 bedroom 1 bath, 2320 I st is a 2 bedroom 1 bath and 2326 I st is a 3 bedroom 1 bath. This lot offers room to add an additional cash flow to your investment by adding/building a laundry facility with utility hooks still present on site. With the increasing rent in our area now is the perfect time to invest in our growing UC Merced Community.
CRMLS #MC18073816
Jul 13, 2018
Sold
$335,000
$142/sq ft
May 29, 2018
Pending
—
Apr 1, 2018
Listed
$357,900
$151/sq ft
Great investment Property Now Available. 3 homes all on 1 lot, each with its own address and separate gas and electric meters. Here is your opportunity to purchase an investment property that will continuously bring income among 3 separate units. 161 w 23rd st is a 2 bedroom 1 bath, 2320 I st is a 2 bedroom 1 bath and 2326 I st is a 3 bedroom 1 bath. This lot offers room to add an additional cash flow to your investment by adding/building a laundry facility with utility hooks still present on site. With the increasing rent in our area now is the perfect time to invest in our growing UC Merced Community.
SDMLS #301732398
Mar 27, 2018
Listing Removed
—
Jan 11, 2018
Listed
$370,000
$156/sq ft
CRMLS #MC18008077
Mar 27, 2018
Listing Removed
—
Mar 12, 2018
Price Changed
$370,000
$156/sq ft
Jan 11, 2018
Listed
$380,500
$161/sq ft
Public Records
Aug 18, 2017
Sold
$95,000
$40/sq ft
CRMLS #MC16005892
Apr 9, 2016
Listing Removed
—
Jan 11, 2016
Listed
$264,900
$112/sq ft
SDMLS #301707346
Apr 8, 2016
Listing Removed
—
Jan 8, 2016
Listed
$264,900
$112/sq ft
CRMLS #MC4057550
Aug 30, 2004
Listing Removed
—
Jun 11, 2004
Listed
$244,000
$103/sq ft
CRMLS #MC4016624
Jun 30, 2004
Listing Removed
—
Feb 13, 2004
Listed
$244,000
$103/sq ft
CRMLS #MC3014419
May 31, 2003
Listing Removed
—
Feb 24, 2003
Listed
$214,400
$91/sq ft
Public Records
Mar 30, 1990
Sold
$70,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,050 (+5.8%)
$66,243 + $397,467
$463,710
2024
$4,774 (+1.4%)
$64,945 + $389,674
$454,619
2023
$4,708 (+1.3%)
$63,672 + $382,034
$445,706
2022
$4,647 (+0.2%)
$62,424 + $374,544
$436,968
2021
$4,637 (+20.6%)
$61,200 + $367,200
$428,400
2020
$3,843 (+1.5%)
$60,000 + $360,000
$420,000
2019
$3,787 (+65.4%)
$56,100 + $285,600
$341,700
2018
$2,289 (+41.4%)
$55,000 + $280,000
$335,000
2017
$1,619 (+128.4%)
$45,000 + $100,000
$145,000
2016
$709 (+1.6%)
$45,000 + $100,000
$145,000
2015
$698 (+2.2%)
$37,432 + $25,452
$62,884
2014
$683 (+2.7%)
$36,148 + $24,579
$60,727
2013
$665 (+1.5%)
$36,148 + $24,579
$60,727
2012
$655 (+0.1%)
$35,985 + $24,468
$60,453
2011
$655 (+2.8%)
$35,280 + $23,989
$59,269
2010
$637 (−27.4%)
$34,589 + $23,519
$58,108
2009
$877 (−0.2%)
$34,331 + $23,344
$57,675
2008
$879
$34,412 + $48,199
$82,611
Tax history for 2320 I St
Year
Property tax
Land + Additions
Assessment*
2025
$5,050 (+5.8%)
$66,243 + $397,467
$463,710
2024
$4,774 (+1.4%)
$64,945 + $389,674
$454,619
2023
$4,708 (+1.3%)
$63,672 + $382,034
$445,706
2022
$4,647 (+0.2%)
$62,424 + $374,544
$436,968
2021
$4,637 (+20.6%)
$61,200 + $367,200
$428,400
2020
$3,843 (+1.5%)
$60,000 + $360,000
$420,000
2019
$3,787 (+65.4%)
$56,100 + $285,600
$341,700
2018
$2,289 (+41.4%)
$55,000 + $280,000
$335,000
2017
$1,619 (+128.4%)
$45,000 + $100,000
$145,000
2016
$709 (+1.6%)
$45,000 + $100,000
$145,000
2015
$698 (+2.2%)
$37,432 + $25,452
$62,884
2014
$683 (+2.7%)
$36,148 + $24,579
$60,727
2013
$665 (+1.5%)
$36,148 + $24,579
$60,727
2012
$655 (+0.1%)
$35,985 + $24,468
$60,453
2011
$655 (+2.8%)
$35,280 + $23,989
$59,269
2010
$637 (−27.4%)
$34,589 + $23,519
$58,108
2009
$877 (−0.2%)
$34,331 + $23,344
$57,675
2008
$879
$34,412 + $48,199
$82,611
*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
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
683
Year built
1925
Style
Other
County
Merced County
APN
030202001000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-2
Low Medium Density Residential District
The R-2 zoning district is intended to stabilize, protect, and encourage the establishment and maintenance of a suitable environment for single-family dwellings, duplex homes, limited multi-family dwellings, and other land uses typically compatible with a low to medium-density residential setting.
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
Parking Features: No Garage
Driveway Sidewalks: Sidewalk/Curb/Gutter
Interior
Bathroom Information
# of Bathrooms (Full): 3
Other Bathroom Features: Tub w/Shower Over
Bedroom Information
# of Bedrooms (Total): 7
Heating & Cooling
Cooling: Central
Heating: Central
Interior Features
Flooring: Carpet, Laminate
Laundry Features: Stacked Only, Washer/Dryer Included
# of Stories: 1
Room Information
Room Type: Baths Other
Dining Room Features: Space in Kitchen
Exterior
Exterior Features
Allows Horses: No
Roof: Composition, Flat
Pool Information
Has Private Pool: No
Has Spa: No
Property Information
Property Type: Residential
Property Sub Type: 3+ Houses on Lot
Subtype Description: Detached
Property Condition: Updated/Remodeled
Year Built: 1,925
Lot Information
Lot Features: Low Maintenance
Lot Size Square Feet: 7,405
Lot Size Acres: 0.17
Utilities
Utility Information
Electric: 220 Volts in Laundry
Sewer: In & Connected
Irrigation Source: None
Water Source: Meter on Site
Location
HOA Information
Association YN: No
School Information
School District County: Merced
Elementary School District: Merced City
Middle Or Junior School District: Merced City
High School District: Merced Union High
Location Information
Postal Code Plus 4: 3846
Postal Code: 95340
County Or Parish: Merced
CrossStreet: 23rd
Directions: 23rd and I Street
State Or Province: CA
Street Number Numeric: 2320
Unparsed Address: 2320 I St, Merced, CA 95340-3846
Street Address Filtered: 2320 I St
Community Information
Senior Community YN: No
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 683
Stories: 1.0
Lot Size: 7,405 square feet
Style: Other
Year Built: 1925
Year Renovated: —
County: Merced County
APN: 030202001000
Home facts updated by county records on Aug 26, 2026
Other
Selling Agent
Buyer Agent Full Name: Tanvir Ali
Around this home
Schools
John Muir Elementary School
Public K-6 • Assigned • 0.2mi
5/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.6mi
5/10
Merced High School
Public 9-12 • Assigned • 0.9mi
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, 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 • 95340
Average low and high temperatures (°F)
59
39
63
44
70
47
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49
82
55
91
61
93
61
96
64
90
62
79
54
63
46
55
43
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
Estimated sale price
$538,000 – $651,000
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