Great Investment Opportunity! This 8 unit complex is ideally located in the heart of Merced Ca. Within a few blocks your tenants could be enjoying many vibrant downtown eateries or simply take a short walk and enjoy the Bear creek bike path, Or the local zoo and Applegate park. Each unit is 2 bedrooms and 1 bath and large living area. 4 units have recently been completely remodeled from top to bottom including new cabinets in the kitchen and bathroom rooms. new flooring, tub, paint, fixtures and much more. Each unit has its own assigned carport with additional parking available on site. Entire exterior was recently painted and landscaped. There is also a onsite laundry room which provides an additional income source. monthly gross rents of $4000!!!
Multi-familyProperty Type
1970Year Built
0.3 acresLot Size
$62Price/Sq.Ft.
12 spacesParking
Listed by Aaron Vega•DRE #01807208• Tinetti Realty Group
Bought with Scott Oliver•DRE #01335699• Century 21 Select Real Estate
Great Investment Opportunity! This 8 unit complex is ideally located in the heart of Merced Ca. Within a few blocks your tenants could be enjoying many vibrant downtown eateries or simply take a short walk and enjoy the Bear creek bike path,Or the local zoo and Applegate park.Each unit is 2 bedrooms and 1 bath and large living area. 4 units have recently been completely remodeled from top to bottom including new cabinets in the kitchen and bathroom rooms. new flooring, tub,paint,fixtures and much more. Ea
Great Investment Opportunity! This 8 unit complex is ideally located in the heart of Merced Ca. Within a few blocks your tenants could be enjoying many vibrant downtown eateries or simply take a short walk and enjoy the Bear creek bike path,Or the local zoo and Applegate park.Each unit is 2 bedrooms and 1 bath and large living area. 4 units have recently been completely remodeled from top to bottom including new cabinets in the kitchen and bathroom rooms. new flooring, tub,paint,fixtures and much more. Each unit has its own assigned carport with additional parking available on site. Entire exterior was recently painted and landscaped. There is also a onsite laundry room which provides an additional income source. monthly gross rents of $4000!!!
FRESNOMLS #410555
Aug 27, 2013
Sold
$200,000
$35/sq ft
Jun 24, 2013
Listed
$239,950
$42/sq ft
+5
Great investment opportunity. Eight 2bd/1bd units all well cared for and several units recently updated.
CRMLS #MC13119331
Aug 27, 2013
Sold
$200,000
$35/sq ft
Aug 6, 2013
Pending
—
Jun 21, 2013
Listed
$239,950
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,709 (+2.4%)
$72,444 + $346,419
$418,863
2025
$4,600 (+5.7%)
$72,444 + $346,419
$418,863
2024
$4,350 (+1.4%)
$71,024 + $339,627
$410,651
2023
$4,291 (+1.3%)
$69,632 + $332,968
$402,600
2022
$4,235 (+0.2%)
$68,267 + $326,440
$394,707
2021
$4,226 (−0.8%)
$66,929 + $320,040
$386,969
2020
$4,260 (+1.5%)
$65,617 + $313,765
$379,382
2019
$4,196 (+9.6%)
$64,945 + $310,548
$375,493
2018
$3,829 (−3.7%)
$63,672 + $304,459
$368,131
2017
$3,975 (+1.6%)
$61,200 + $292,638
$353,838
2016
$3,913 (+26.2%)
$61,200 + $292,638
$353,838
2015
$3,100 (+2.2%)
$60,000 + $286,900
$346,900
2014
$3,034 (+35.0%)
$30,000 + $241,100
$271,100
2013
$2,248 (+1.5%)
$30,000 + $241,100
$271,100
2012
$2,216 (+0.1%)
$26,449 + $177,704
$204,153
2011
$2,213 (+2.8%)
$25,931 + $174,220
$200,151
2010
$2,152 (+3.3%)
$25,423 + $170,804
$196,227
2009
$2,084 (+3.1%)
$25,233 + $169,528
$194,761
2008
$2,020
$25,292 + $169,930
$195,222
Tax history for 731 W Santa Fe Ave
Year
Property tax
Land + Additions
Assessment*
2026
$4,709 (+2.4%)
$72,444 + $346,419
$418,863
2025
$4,600 (+5.7%)
$72,444 + $346,419
$418,863
2024
$4,350 (+1.4%)
$71,024 + $339,627
$410,651
2023
$4,291 (+1.3%)
$69,632 + $332,968
$402,600
2022
$4,235 (+0.2%)
$68,267 + $326,440
$394,707
2021
$4,226 (−0.8%)
$66,929 + $320,040
$386,969
2020
$4,260 (+1.5%)
$65,617 + $313,765
$379,382
2019
$4,196 (+9.6%)
$64,945 + $310,548
$375,493
2018
$3,829 (−3.7%)
$63,672 + $304,459
$368,131
2017
$3,975 (+1.6%)
$61,200 + $292,638
$353,838
2016
$3,913 (+26.2%)
$61,200 + $292,638
$353,838
2015
$3,100 (+2.2%)
$60,000 + $286,900
$346,900
2014
$3,034 (+35.0%)
$30,000 + $241,100
$271,100
2013
$2,248 (+1.5%)
$30,000 + $241,100
$271,100
2012
$2,216 (+0.1%)
$26,449 + $177,704
$204,153
2011
$2,213 (+2.8%)
$25,931 + $174,220
$200,151
2010
$2,152 (+3.3%)
$25,423 + $170,804
$196,227
2009
$2,084 (+3.1%)
$25,233 + $169,528
$194,761
2008
$2,020
$25,292 + $169,930
$195,222
*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
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.3 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Merced County
APN
030092017000
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
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 8
Carport Detached
Has Parking
# of Parking Spaces: 12
Interior
Cooling Information
Wall Window
Has Cooling
Heating Information
Combination
Has Heating
Exterior
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre
Property Information
Total # of Units: 8
Common Walls: 1 common wall
Parcel Number: 030092017000
Attached Property
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $23,000
Utilities
Utilities Information
Sewer Available
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 76464
Listing Key Numeric: 9350195
Actual Rent: $550
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $550
Total # of Units: 4
Unit Type 2 Information
Unit Key Numeric: 76465
Listing Key Numeric: 9350195
Actual Rent: $450
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $450
Total # of Units: 4
Expenses
Trash: $3,780
Pest Control: $1,000
Maintenance: $1,800
Insurance: $5,000
Water Sewer: $3,780
New Taxes: $4,000
Gardener: $1,200
Multi-Unit Information
Net Operating Income: $12,436
Total Building Area: 5,670
Gross Scheduled Income: $35,436
Gross Income: $3,425
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 8
# Of Separate Electric Meters: 8
# Of Buildings: 3
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 37.31017300
Longitude: -120.48313100
Directions: Between N and O street
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.3 acres
Style: Other
Year Built: —
Year Renovated: —
County: Merced County
APN: 030092017000
Home facts updated by county records on Oct 9, 2026
Other
Listing Information
Days Active in MLS: 157
Continuous Days Active in MLS: 157
Listing Agent Information
List Agent First Name: Aaron
List Agent Last Name: Vega
Listing Office Information
List Office Name: Tinetti Realty Group
Selling Agent Information
Buyer Agent First Name: Scott A.
Buyer Agent Last Name: Oliver
Selling Office Information
Buyer Office Name: CB Gonella Realty, Merced
Around this home
Schools
John C. Fremont Charter School
Public K-6 • Assigned • 0.4mi
3/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 1.1mi
5/10
Merced High School
Public 9-12 • Assigned • 0.8mi
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
Average low and high temperatures (°F)
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89
63
79
54
63
46
55
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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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
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