A 14-unit complex with 14 large 1 bed, 1 bath units approximately 600 sq ft each. Priced at a little over $114,000 per unit, delivering a 5.66 cap rate at the asking price. This complex offers on site laundry with its own individual room and the entire perimeter is gated for extra security and safety located in downtown Merced. Each unit comes with it's own parking space inside the gated area and storage space to store your additional personal items. All the units were upgraded with newer dual pane windows and are all rented out and in good condition.
Multi-familyProperty Type
1975Year Built
0.34 acresLot Size
$175Price/Sq.Ft.
Listed by Jeff Nightengale•DRE #01878234• London Properties Ltd - Merced
Contact: 209-947-2247
Bought with Jeff Nightengale•DRE #01878234• London Properties Ltd - Merced
*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
4
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
—
Sq. Ft.
2,448
Year built
1976
Style
Other
County
Merced County
APN
031071012000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 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
Parking
Parking / Garage Information
Parking Space, Street
Interior
Laundry Information
Has Laundry
Individual Room, Inside
Heating Information
Central Furnace
Has Heating
Interior Features
Entry Level: 1
Entry Location: Front
Window Features: Double Pane Windows
Exterior
Exterior Information
Roof: Tile
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Corner Lot, Lot 10000-19999 Sqft, Paved
Property Information
Common Interest: Community Apartment
Total # of Units: 14
Common Walls: 2+ common walls
Parcel Number: 031071012000
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $39,498
Tenant Pays: Electricity
Total Actual Rent: $10,850
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 11811603
Listing Key Numeric: 374728931
Actual Rent: $775
Total # of Beds: 14
Furnished: Unfurnished
Total Rent: $10,850
Total # of Units: 14
Expenses
Fuel Expense: $4,440
Trash: $6,600
Total: $39,498
Cable TV: $3,600
Insurance: $11,500
Water Sewer: $6,600
New Taxes: $4,958
Gardener: $1,800
Multi-Unit Information
Net Operating Income: $90,702
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: 8,000
Gross Scheduled Income: $130,200
Gross Income: $130,200
# Of Leased Units: 14
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 15
# Of Buildings: 2
Neighborhood Information
Community Features: Gutters
Location Information
Latitude: 37.30305400
Longitude: -120.48023500
Directions: Go North on G St; Turn right on 19th
Zoning: R-4
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,448
Stories: 2.0
Lot Size: 0.34 acres
Style: Other
Year Built: 1976
Year Renovated: —
County: Merced County
APN: 031071012000
Home facts updated by county records on Aug 26, 2026
Other
Listing Information
IDX Contact Info: 209-947-2247
Days Active in MLS: 17
Continuous Days Active in MLS: 17
Listing Agent Information
List Agent First Name: Jeff
List Agent Last Name: Nightengale
Listing Office Information
List Office Name: London Properties Ltd - Merced
Selling Agent Information
Buyer Agent First Name: Jeff
Buyer Agent Last Name: Nightengale
Selling Office Information
Buyer Office Name: London Properties Ltd - Merced
Around this home
Schools
Don Stowell Elementary School
Public K-6 • Assigned • 0.8mi
3/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.9mi
5/10
Merced High School
Public 9-12 • Assigned • 1.2mi
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, 17 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
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Sun exposure
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