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214 W 12th St, Merced, CA 95341

$1,613,000

Last sold 12/15/2020 for $1.15M

—
bed
—
bath

House not for sale

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#202010551 • last updated 5 years ago

Movoto checked GEMLS for data 6 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

$1.61M

Range: $1.27M-$1.95M

Last 30 days

Lower your payment with the loan terms that fit you.

Dec 2020
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 # 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

Year Property taxes Tax assessment
2024
$13,133 +1.4%

$1,249,345 +1.99%
2023
$12,952 +1.3%

$1,224,938 +1.99%
2022
$12,787 +0.2%

$1,201,010 +4.02%
2021
$12,761 +66.5%

$1,154,550
2020
$7,663 +1.5%

$1,154,550 +70.07%
2019
$7,549 +9.5%

$678,872 +1.99%
2018
$6,891

$665,658

214 W 12th St
$1.15M
South Merced
$386K +1% y/y
95341
$417K 0% y/y
Merced
$434K +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
206 W 12th St, Merced, CA 95341	$218,000	2/1	660	0.02
204 W 12th St, Merced, CA 95341	$169,000	2/1	744	0.03
1137 I St, Merced, CA 95341	$331,000	3/2	1,179	0.03
1205 I St, Merced, CA 95341	$299,000	3/2	1,196	0.05
203 W 11th St, Merced, CA 95341	$252,000	3/1	1,159	0.05
1213 I St, Merced, CA 95341	$292,000	2/1	1,040	0.06
146 W 12th St, Merced, CA 95341	$232,000	3/1	974	0.07
145 W 11th St, Merced, CA 95341	$217,000	2/1	720	0.08

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