Address
822 W 21st Street Merced, CA
Price
$ 995,000
Property Attributes
  • MLS#MC21135839
  • TypePending
  • CountyMERCED
  • CityMerced
  • Zip95340
  • Style
  • Price$ 995,000
  • Bedrooms13
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage7285
  • Lot Size6,752 SqFt
Listing Provided Courtesy Of:
Jacob Morgner with Tinetti Realty Group - 209-617-2679
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Fully Stabilized Asset The property is fully leased and only 2 out of the 6 units are at market rate. Great potential to increase income over 25% by bringing to full market rates. Additional Upside due to Zoning All parcels are Zoned Commercial Office (C-O). This would give an investor the opportunity to convert the homes into offices or demolish the existing structures and build an office complex. Smaller Downtown office space built to class “A” standards can be leased at $1.50 per square foot NNN. Adjacent to Courthouse and Proximity to Downtown The Property is located adjacent to the Merced County Courthouse, the Merced Courthouse Square Park, close proximity to the Downtown Business District, Bob Hart Square, the recently renovated Mainzer Theater, Tioga Hotel, El Capitan Hotel & UC Merced Administration Building. Even More Upside Value! There are 4 separate parcels. An investor can sell off parcels individually to bring in immediate profit. 3 parcels have single family homes. 1 parcel has a single family home and a duplex.

Price History
6/22/2021 Listed $1,100,000
9/9/2021 10% - $995,000

General Features

Additional Parcels Description 030-254-008, 009, 010
Additional Parcels Y/N Yes
Community Features Gutter(s)
Heating None
Levels One
Listing Agent Jacob Morgner - BRE#01882378
Listing Agent State License 01882378
Lot Size Square Feet 6752
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Stories 1
Terms Submit
Total Units 6
Water Sewer Expense 7856
Zoning C-O

Interior Features

Common Walls 1 Common Wall
Laundry Features See Remarks

Exterior Features

Lot Features Back Yard
Lot Size Acres 0.16
Lot Size Area 6752
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 5
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6
Number of Separate Water Meters 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 95340

Price
AVG $810K
$1,000K
Visits
AVG 15
37
Year Built
AVG 1965
1924
Walkscore
AVG 44
80
Data Provided by Walkscore ® not using MLS data

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