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Sold on 07/21/2023
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3270 Denver Ave, Merced, CA 95348

$6,552,000

Last sold 07/21/2023 for $6.2M

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    bed

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    bath

Multi-family not for sale
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About 3270 Denver Ave

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Lot size 2.3 Acre
Movoto estimate
Rental estimate
Property description
We are pleased to present "Yosemite Apartments". Yosemite apartments is a beautiful, impeccably maintained, 50 unit, multifamily investment opportunity, located in heart of Merced County. The asset has an Incredible unit mix, comprised of 20 - 2 bed x 1 bath units. 20 – 1 bed x 1 baths & 10 studios. Situated on 2.3 acres of beautifully manicured grounds. The asset boasts a large onsite swimming pool, nicely renovated laundry room, workshop, storage/tool shed, 50 covered parking spaces, 16 uncovered, with three handicap. The asset is currently 100% occupied, with waiting list. In place rents are approximately 20% below market, in current condition. ADU opportunity, prospective investor is advised to call City Of Merced for confirmation on ADU potential. The building is located in close proximity to Downtown Merced, ten minutes to UC Merced, 90 minutes to San Francisco & world renowned Yosemite National Park. Seller financing is available to qualified buyer, at extremely competitive rates.
Listed by
Listing Agent - Cameron Jacques
Listing Agent Contact: 310-490-8134
Listing Office - Kinnery's Brokerage House
Source: CRMLS mls logo
MLS#PW23055035 • last updated 3 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One, Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 2.3
Lot Size (SqFt) 100188
Year Built 1983
Interior
Laundry Community
Appliances Gas Oven, Gas Water Heater, Refrigerator
Accessibility Features Parking
Exterior
Building Area Square Feet, 29160
Roof Composition
Parking Assigned, Detached Carport
# Uncovered Spaces 19
# Carport Spaces 50
# Parking Spaces 69
Other Structures Storage, Workshop
Lot Description Greenbelt, Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
HOA Amenities Barbecue, Picnic Area, Storage, Sewer
Location
View Neighborhood
County Merced
Community Features Biking, BLM/National Forest, Curbs, Foothills, Golf, Hiking, Gutters, Lake, Horse Trails, Park, Sidewalks, Street Lights, Suburban
Zoning P-D
Directions Downtown Merced - Mgr Cross St: W. Olive & R Street.
APN 58173001000
Multifamily Details
Vacancy Allowance Rate 2
Vacancy Allowance 11329
Operating Expense 254984
Cap Rate 5
Total Expenses 254984
Gross Income 566429
Gross Operating Income 555100
Gross Multiplier 10.9
Gross Scheduled Income 566429
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Average Studio Area 400
$6.55M
Range: $5.83M-$7.27M
Last 30 days 
Rental est.: $1,317/month
Gross rent multiplier: 392.2
  • Jul 2023
    mls logo MLS # PW23055035
  • Jul 24, 2023 Sold
    $6,200,000
  • May 28, 2023 Active
    —
  • Apr 2, 2023 Listed
    $6,750,000
  • Jul 2023
    Public Records
  • Jul 21, 2023 Sold
    $6,200,000 (-8.1%)
  • Year Property taxes Tax assessment
  • 2024
    $66,264 +49.5%
    $6,325,400 +53.38%
  • 2023
    $44,337 +1.3%
    $4,124,007
  • 2022
    $43,776 +0.2%
    $4,124,007 +4.02%
  • 2021
    $43,684 -0.8%
    $3,964,569 +1.03%
  • 2020
    $44,048 +1.5%
    $3,924,103
  • 2019
    $43,395 +9.6%
    $3,924,103 +1.99%
  • 2018
    $39,602
    $3,847,514
  • 3270 Denver Ave
    $6.2M
  • North Merced
    $457K +8% y/y
  • 95348
    $449K +1% y/y
  • Merced
    $434K +2% y/y
No chart available
Statistics calculated by Movoto

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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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  • CA
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  • 3270 Denver Ave
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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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