About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1961 Kelly Ave, Merced, CA 95340

$946,000

Last sold 03/27/2017 for $457K

4
bed
4
bath

House not for sale

About 1961 Kelly Ave

Property type House

Year built 1980

HOA fee $0/month

Lot size 10,611 Sqft

Movoto estimate

Property description

Wonderful investment opportunity. This well maintained 7-plex per building apartment complex has great rental history. In each building there are 5-3 bedroom 1.5 bath unit,1-studio unit and 1-one bedroom unit. Currently is managed by professional property manager. The property is currently has wait list of potential tenants and generates very strong cash flow with plenty of upside in existing rents. The property still has potential to add value by increasing rents to market as leases expires. The complex

Listed by

Listing Agent - Genaro

Listing Office - Tinetti Realty Group

Source: San Diego MLS

MLS#MC16759148 • last updated 7 years ago

Movoto checked San Diego MLS for data 6 minutes ago

Overview
Cooling/AC	Central Forced Air
Levels/Style	2 Story
Status	SOLD
SubType	Res Income 2-4 Units
MLS #	MC16759148
Lot Size (SqFt)	10611
Year Built	1980

Exterior

Amenities / Utilities
Water Source	Meter On Property
Pool Desc	N/K

Location
County	Merced
APN	34240025000
Zoning	R-3-1.5
Directions	Yosemite Pkwy - Kelly

Multifamily Details
Unit 2: # Bedrooms	1
Unit 1: # Total Baths	2
Unit 2: # Total Baths	1
Unit 3: # Total Baths	1
Unit 1: # Bedrooms	3
Unit 2: Actual Rent	550
Unit 3: Actual Rent	395
Total # of Units	7
Gross Scheduled Income	40000

$946K

Range: $444K-$1.44M

Last 30 days

Lower your payment with the loan terms that fit you.

Jun 2021
MLS # 20000221
Jun 14, 2021 Canceled
—
Jan 2, 2020 Listed
$1,075,000
Jul 2019
MLS # 18073227
Jul 31, 2019 Off Market
—
May 29, 2019 Price Change
$1,075,000 (+38.7%)
Jan 15, 2019 Price Change
$775,000 (+8.4%)
Oct 24, 2018 Listed
$715,000 (+50.5%)
Mar 2017
MLS # ML81631768
Mar 28, 2017 Sold
$475,000 (+3.8%)
Mar 28, 2017 Pending
—
Nov 13, 2016 Listed
$575,000
Nov 13, 2016 Listed
$575,000
Mar 2017
MLS # MC16759148
Mar 27, 2017 Sold
$457,500
Mar 27, 2017 Sold
$457,500
Mar 17, 2017 Pending
—
Feb 17, 2017 Listed
—
Feb 13, 2017 Active
—
Dec 7, 2016 Listed
$500,000 (-13.0%)
Dec 7, 2016 Listed
$575,000
Mar 2017
Public Records
Mar 23, 2017 Sold
$457,500 (-8.5%)
Feb 2017
MLS # 16075829
Feb 28, 2017 Off Market
—
Feb 13, 2017 Pending Sale
—
Dec 7, 2016 Listed
$575,000
Sep 2006
Public Records
Sep 29, 2006 Sold
$575,000

Year Property taxes Tax assessment
2024
$5,595 +1.3%

$530,569 +3.97%
2023
$5,521 +1.4%

$510,308
2022
$5,447 +0.2%

$510,308 +2.04%
2021
$5,436 -0.8%

$500,111 +3.04%
2020
$5,479 +1.4%

$485,352
2019
$5,402 +9.6%

$485,352 +1.94%
2018
$4,928

$476,129

1961 Kelly Ave
$457K
—
95340
$430K +14% y/y
Merced
$434K +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2017 Kelly Ave, Merced, CA 95340	$309,200	3/2	1,326	0.05
2000 Edwards Ave, Merced, CA 95340	$317,400	4/2	1,316	0.07
2020 Edwards Ave, Merced, CA 95340	$320,800	3/2	1,140	0.07
2040 Edwards Ave, Merced, CA 95340	$290,200	2/1	768	0.08
2192 Yosemite Pkwy, Merced, CA 95341	$287,400	1/1	1,159	0.09
2290 Edwards Ave, Merced, CA 95340	$321,900	3/2	1,450	0.09
2001 Edwards Ave, Merced, CA 95340	$317,000	4/2	1,572	0.1
2194 Yosemite Pkwy, Merced, CA 95341	$248,400	3/2	2,160	0.1

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.