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$1,350,000
$1,499,999
10.0%For more information regarding the value of a property, please contact us for a free consultation.
5,600 SqFt
SOLD DATE : 11/07/2025
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $241
MLS Listing ID 225105685
Sold Date 11/07/25
HOA Y/N No
Year Built 1965
Lot Size 0.372 Acres
Acres 0.3719
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
TWO 4-UNIT APARTMENT COMPLEXES WITH GARAGES SOLD TOGETHER Outstanding investment opportunity in Merced. This package includes two separate 4 unit buildings on individual APNs, for a total of 8 units. Each unit is a 2 bedroom, 1 bath floor plan with approximately 700 square feet of living space and private garages, a rare and desirable feature for tenants. Six of the eight units have been tastefully remodeled, featuring laminate flooring, fresh interior paint, granite countertops, updated fixtures, and either standing showers or tub and shower combinations, offering modern comfort and appeal. The properties are well maintained with strong rental history, stable occupancy, and low maintenance construction. Located near shopping, schools, dining, and public transit, just minutes from UC Merced and downtown. This is a great opportunity with strong cash flow and long term appreciation potential in a growing market with high tenant demand. Do not miss this chance to own a solid multifamily investment in a prime Merced location.
Location
State CA
County Merced
Area 20408
Direction G St, right onto E. Olive Ave, left on College Ave
Rooms
Other Rooms Unit-1 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1350 SqFt Source: Not Measured Unit-2 Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1410 SqFt Source: Not Measured Unit-3 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1475 SqFt Source: Not Measured Unit-4 Type: Apartment Approx SqFt: 700 Bedrooms: 2 Full Baths: 1 Total Rooms: 3 Occupancy: Tenant Rent: 1215 SqFt Source: Not Measured
Interior
Heating Central
Cooling Central
Flooring Carpet, Laminate, Vinyl, Linoleum
Appliance Free Standing Refrigerator, Dishwasher, Free Standing Electric Range
Laundry Washer/Dryer Hookups
Exterior
Parking Features Attached, Garage
Garage Spaces 8.0
Utilities Available Electric
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 8
Building
Lot Description Curbs/Gutters, Sidewalk
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Merced City
Middle Schools Merced City
High Schools Merced Union High
School District Merced
Others
Senior Community No
Tax ID 006-122-018
Special Listing Condition None
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