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Sold on 08/08/2022
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2456 Glen Ave, Merced, CA 95340

$6,204,000

Last sold 08/08/2022 for $5.72M

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    bed

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    bath

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About 2456 Glen Ave

Property type Multi-family
Year built 1964
HOA fee $0/month
Lot size 3.5 Acre
Movoto estimate
Rental estimate
Property description
What a Fabulous opportunity to own 44 Units Apartment in Merced!!This complex has been 100% occupied and have waiting list for renters. All Units are single story giving a feeling of single family homes to all the occupants. There is a separate Laundry facility with Brand New Equipments offering 5 Washers and 5 Dryers. This Amazing Complex is located on sprawling 3.5 acres with plenty of parking, fenced Pool and large open spaces for tenants to enjoy. It is very close to Schools, Shopping, Freeway and a Short distance to UC MERCED. Large land also offer possibility of additional units. All the Buildings were painted outside in less than last 60 days and some roofs were replaced as well. Sellers have gone through quite a bit of work in last 12 months. Current rents are extremely low compared to market rents.
Listed by
Listing Agent - Jigar Shah
Listing Office - Century 21 Discovery
Source: CRMLS mls logo
MLS#PW22108009 • last updated 4 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
Status Closed
Lot Size (Acres) 3.5
Lot Size (SqFt) 152460
Year Built 1964
Interior
Laundry Common Area
Other Room(s) All Bedrooms Down
Exterior
Building Area Square Feet, 36000
Roof Composition
Parking Driveway, Paved
Lot Description Lot Over 40000 Sqft, Sprinkler System
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Electric 220 Volts In Kitchen
Location
County Merced
Community Features Sidewalks, Street Lights
Zoning R-4
Directions Off Santa Fe Avenue And Glen
APN 33240023000
Multifamily Details
Expense: Trash 15800
Laundry Income 13000
Operating Expense 149000
Expense: Insurance 13000
Total Expenses 149000
Expense: Water/ Sewer 15000
Gross Income 13000
Expense: Electric 3600
Gross Scheduled Income 444000
Lot/ Land Details
$6.2M
Range: $4.15M-$8.25M
Last 30 days 
Rental est.: $1,101/month
Gross rent multiplier: 432.9
  • Aug 2022
    mls logo MLS # PW22108009
  • Aug 8, 2022 Sold
    $5,720,000
  • May 19, 2022 Listed
    $5,720,000 (+49.9%)
  • Dec 2019
    Public Records
  • Dec 11, 2019 Sold
    $3,815,000
  • Dec 2019
    mls logo MLS # MC19259732
  • Dec 11, 2019 Sold
    $3,815,000
  • Dec 11, 2019 Sold
    $3,815,000 (-7.0%)
  • Nov 18, 2019 Pending
    —
  • Nov 18, 2019 Pending
    —
  • Oct 31, 2019 Listed
    $4,100,000
  • Oct 31, 2019 Listed
    $4,100,000
  • Oct 2019
    mls logo MLS # MC19111074
  • Oct 17, 2019 Pending
    —
  • Oct 17, 2019 Pending
    —
  • Sep 4, 2019 Active
    —
  • Aug 11, 2019 Price Change
    $4,100,000 (-2.4%)
  • Aug 7, 2019 Price Change
    $4,200,000 (+2.4%)
  • May 10, 2019 Listed
    $4,100,000 (-8.9%)
  • May 10, 2019 Listed
    $4,500,000
  • Sep 2019
    mls logo MLS # 14902258
  • Sep 4, 2019 Back-Up
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  • Year Property taxes Tax assessment
  • 2024
    $62,539 +1.4%
    $5,850,950
  • 2023
    $61,671 +44.1%
    $5,850,950 +48.06%
  • 2022
    $42,802 +0.3%
    $3,951,797 +2.04%
  • 2021
    $42,692 -0.8%
    $3,872,873 +1.03%
  • 2020
    $43,047 +336.2%
    $3,833,350
  • 2019
    $9,869 +9.6%
    $3,833,350 +338.43%
  • 2018
    $9,005
    $874,343
  • 2456 Glen Ave
    $5.72M
  • —
  • 95340
    $430K +14% y/y
  • Merced
    $434K +2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Golden Valley High School
public Grades 9-12
Merced Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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