Movoto Real Estate
Sold on 12/15/2020
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214 W 12th St, Merced, CA 95341

  • $1,570,000

    Last sold 12/15/2020 for $1.15M

  • bed

  • bath

House not for sale
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About 214 W 12th St

Property type House
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 0.52 Acre
Movoto estimate
Property description
We are please to have been chosen to exclusively represent for sale this Two-story fourteen (14) unit apartment complex located @ 214 w 12th. St. Merced, CA. 95341. The offering is comprised of six (6) two (2) bedroom, one (1) bathroom units and eight (8) one (1) bedroom, one (1) bathroom units and has a gross rentable square footage of 8400 sq.ft.. Merced, along with other Central Valley submarkets have endured massive rent growth and lower vacancy rates throughout the board due to the external pressures of the Bay Area as well as the LA Metropolitan submarkets. We are noticing a trend of migration to the Central Valley due to increased costs of housing in the areas mentioned above, thus allowing an investor to capitalize on this opportunity to place their money into an epanding market while achieving great cashflow along the way.
Listed by
Listing Agent - Esteban Contreras
Listing Agent Contact: 661-615-9001
Listing Office - Central Valley Property Advisors
Source: GEMLS mls logo
MLS#202010551 • last updated 5 years ago
Movoto checked GEMLS for data 22 minutes ago
Overview
Cooling/AC Central AC
Levels/Style 2
MLS # 202010551
SubType 11 Plus
Status Sold
Type Residential Income
Lot Size (SqFt) 22651
Year Built 1980
Exterior
Parking Uncovered
Location
County Merced
Multifamily Details
Total # of Units 14
Vacancy Factor 5
Annual Net Income 64765
Cap Rate % 0.06
Annual Gross Income 107240
Total Annual Expense 37113
$1.57M
Range: $1.24M-$1.89M
Last 30 days 
  • Dec 2020
    mls logo MLS # 202010551
  • Dec 15, 2020 Sold
    $1,150,000
  • Oct 27, 2020 Pending
  • Oct 8, 2020 Listed
    $1,025,000 (+60.2%)
  • Dec 2020
    Public Records
  • Dec 11, 2020 Sold
    $1,150,000 (+12.2%)
  • Jul 2016
    mls logo MLS # MC16027015
  • Jul 25, 2016 Sold
    $640,000
  • Jul 22, 2016 Sold
    $640,000 (-7.9%)
  • Jun 22, 2016 Pending
  • Feb 9, 2016 Listed
    $695,000
  • Feb 9, 2016 Listed
    $695,000
  • Jul 2016
    Public Records
  • Jul 22, 2016 Sold
    $640,000
  • 214 W 12th St
    $1.15M
  • South Merced
    $376K -2% y/y
  • 95341
    $421K +4% y/y
  • Merced
    $435K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Don Stowell Elementary School
public Grades K-6
Merced City Elementary School District
4/10
Herbert Hoover Middle School
public Grades 7-8
Merced City Elementary School District
4/10
Merced High School
public Grades 9-12
Merced Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 214 W 12th St
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