Listed by Kellie Leach•DRE #02091652• EXP Realty of California, INC
Contact: 209-628-1553
For sale
$515,000
Est. $3,507/mo —
8
bd
•
4 ba
•
3,286
sq ft
3888 Solstice, Merced, CA 95348
About this home
CASH-FLOWING INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME! This unique income-producing property offers a rare opportunity for investors seeking immediate monthly cash flow with tenants and rental agreements already in place. Originally designed as a 3-bedroom, 2-bathroom home, the property has been professionally converted into an 8-bedroom, 4 full bathroom shared housing setup, maximizing rental income potential in today’s high-demand housing market. Positioned on a spacious corner lot next to open space and walking paths, this large two-story home features multiple private rooms, shared common areas, a functional kitchen with ample cabinetry, open dining space, indoor laundry, and a flexible floorplan designed for multi-tenant occupancy. The property currently generates approximately $4,000 NET income per month at full occupancy, making it an ideal turnkey investment for buyers seeking passive income, house-hacking opportunities, assisted living potential, student housing, workforce housing, or portfolio expansion. The home includes a desirable 3-car garage, oversized driveway for additional parking, and multiple updated bathrooms throughout. Several areas of the home have been adapted to support separate occupants while maintaining comfortable shared living spaces. The backyard offers additional outdoor enjoyment with covered patio space and privacy fencing. Located near parks, commuter routes, shopping, schools, and local amenities, this property combines strong rental performance with long-term upside potential. Opportunities like this are difficult to find, especially with existing tenants already in place and producing income from day one. Whether you're a seasoned real estate investor, first-time income property buyer, or someone looking to expand into co-living rental opportunities, this property delivers immediate revenue and future growth potential.
The purpose of the planned development (P-D) zoning districts is to allow for high quality development that deviates from standards and regulations applicable to other zoning districts within Merced. The planned development zoning districts are intended to promote creativity in building design, flexibility in permitted land uses, and innovation in development concepts. The planned development zoning districts are also intended to ensure project consistency with the general plan. Planned development zoning districts provide land owners with enhanced flexibility to take advantage of unique site characteristics to develop projects that will provide public benefits for residents, employees, and visitors to Merced.
Permitted uses
Include but are not limited to:
No uses permitted by right
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being 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
Average low and high temperatures (°F)
58
39
64
44
71
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83
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91
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95
62
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63
89
62
79
54
63
46
55
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Merced. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3888 Solstice
$507,319
$7,681 under list price of $515K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $455K to $552K.