2917 Oleander Ave Merced, CA
$ 2,170,000
Property Attributes
  • MLS#221108262
  • TypeIncome
  • CountyMERCED
  • CityMerced
  • Area20408
  • Zip95340
  • Style
  • Price$ 2,170,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Lot Size4.6 Acres
Listing Provided Courtesy Of:
Randhir S. Hayer CalBRE# - 01251542 with SVN Executive Commercial Advisors
Data Source:
Property Description

Great opportunity to own a 12-unit investment property located on 4.6 acres. The property includes five parcels that consist of 1 acre of vacant land, zoned multi-family. Two units on 1 acre with a 2 bed, 1 bath unit, and a 3 bed, 1 bath unit. Also includes six units on a 1-acre lot, a triplex, a duplex, 2 bed, 1 bath unit, 1 bed, 1 bath unit, a two-story home, and large storage in the back. Two units on a 1-acre lot, 3 bed, 1 bath home, and a 1 bed, 1 bath unit. One parcel has a 3 bed, 2 bath home, and an additional 1 bed, 1 bath studio. Six units on the property have been reroofed within the last year. All units within the last eighteen months had the exterior newly painted. Several of the homes had the interior upgraded within the last two years. The rental history on this property has been amazing with many tenants being here for several years. This whole property has the potential for 43 SFR buildouts in the near future. Located in North Merced near UC Merced and Mercy Medical.

Price History
8/26/2021 Listed $2,495,000
12/16/2021 14% - $2,170,000

General Features

Accessibility Varies By Unit
Appliances Varies By Unit
Association Y/N No
Carport Spaces 0.00
Construction Materials Frame
Cooling Wall Unit(s), Varies by Unit
Elementary School District Merced City
Flooring Carpet, Tile, Varies by Unit
Garage Spaces 0.00
Heating Varies by Unit
High School District Merced Union High
Lot Size Square Feet 200376.00
MLS Area 20408
Open Parking Spaces 0.00
Patio/Porch Features Varies by Unit
Property SubType 5 or More Units
Property Type Residential Income
Roof Composition
School District (county) Merced
Sewer Shared Septic, Septic Connected
Status Active
Subtype Description Apartments, House(s)
Total Units 12
Zoning Description R-1

Interior Features

Laundry Features Varies by Unit
Total Stories 1
Unit 1 # Of Rooms 3
Unit 1 Approx Sqft 814
Unit 1 Bedroom Units Total 3
Unit 1 Bedrooms 2
Unit 1 Full Baths 1
Unit 1 Rent 1000
Unit 1 Sqft Source Owner
Unit 2 Bedroom Units Total 2
Unit 3 Bedroom Units Total 3
Unittypestudiounitstotal 1
Window Features Varies by Unit

Exterior Features

Covered Spaces 0.00
Foundation Details Slab, Other
Lot Features Corner, Shape Regular
Lot Size Acres 4.6000
Lot Size Source Owner
Number of Buildings 12
Other Equipment Varies by Unit
Parking Features Carport, Detached, Garage, Varies by Unit
Total Parking 2.00
Water Source Public


  • 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 Income Average in 95340

AVG $1.32M
AVG 69
Year Built
AVG 1919
AVG 51
Data Provided by Walkscore ® not using MLS data

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