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3158 College Avenue

Merced, CA 95340
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SqFt5,600

Sqft(Lot)

Acres

Acres (Lot)

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TWO 4-UNIT APARTMENT COMPLEXES WITH GARAGES SOLD TOGETHER Outstanding investment opportunity in Merced. This package includes two separate 4 unit buildings on individual APNs, for a total of 8 units. Each unit is a 2 bedroom, 1 bath floor plan with approximately 700 square feet of living space and private garages, a rare and desirable feature for tenants. Six of the eight units have been tastefully remodeled, featuring laminate flooring, fresh interior paint, granite countertops, updated fixtures, and either standing showers or tub and shower combinations, offering modern comfort and appeal. The properties are well maintained with strong rental history, stable occupancy, and low maintenance construction. Located near shopping, schools, dining, and public transit, just minutes from U C Merced and downtown. This is a great opportunity with strong cash flow and long term appreciation potential in a growing market with high tenant demand. Do not miss this chance to own a solid multifamily investment in a prime Merced location.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,499,999

AD Id : 66436812

MLS Id : 225105685

Living Area Size : 5,600

County : Merced

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Carpet, Laminate, Vinyl, Linoleum
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Free Standing Refrigerator, Dishwasher, Free Standing Electric Range Laundry Features: Washer/Dryer Hookups
  • Heating & Cooling

    Heating: Central Cooling: Central WaterSource: Public

  • Building Information

    Year Built: 1965 Stories: 2 Construction Materials: Stucco, Frame Roof: Composition Foundation Details: Slab
  • Exterior Features

    Foundation Details: Slab
  • Laundry Features

    Washer/Dryer Hookups

  • Lot Information

    Lot Description: Curbs/Gutters, Sidewalk Lot Square Feet: 16,200 Stories: 2 Main Square Feet: 5,600

    Property Information

    Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 5,600 Construction Materials: Stucco,Frame Property Age: 61 Cross Street: E Olive Ave Source Neighborhood: 20408 Postal Code Plus 4: 1453 Area: Merced S: 95340 Zoning: R-3-2 Living Area Source: Not Verified Structure Type: Apartments

    Farm Info

    Irrigation Source: Public District

  • Listing Price Information

    Listing Id: 225105685 List Price: $1,499,999 List Price Tot SqFt: $268

  • Tax Information

    Parcel Number: 006-122-018

  • Parking Information

    # of Garage Spaces: 8 Parking Total: 8 Attached, Garage

  • Elementary School District: Merced City
    Junior High School District: Merced City
    Senior High School District: Merced Union High
  • Utility Information

    Electric Electric: 220 Volts
  • Location Information

    Direction: G St, right onto E. Olive Ave, left on College Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Myrtle Avenue, Merced, CA, 95340 $369,999 -- -- -- 90,169.20 Sqft(Lot)
G Street, Merced, CA, 95340 $500,000 -- -- -- Acres (Lot)--
Myrtle Avenue, Merced, CA, 95340 $199,000 -- -- -- Acres (Lot)--
Canyon, Merced, CA, 95340 $225,000 -- -- -- Acres (Lot)--
N Easy Street, Merced, CA, 95340 $395,000 -- -- 1,065 11,965.93 Sqft(Lot)
Farmland Ave, Merced, CA, 95340 $1,575,000 -- -- -- 609,840 Sqft(Lot)
K Street, Merced, CA, 95340 $2,995,000 -- -- 12,800 22,498.74 Sqft(Lot)
Highway 59, Merced, CA, 95340 $6,440,000 -- -- -- Acres (Lot)--
E Yosemite Avenue, Merced, CA, 95340 $6,000,000 -- -- -- Acres (Lot)--
E Yosemite Avenue, Merced, CA, 95340 $6,000,000 -- -- -- Acres (Lot)--

ByOwner last updated this listing 06/12/2026 @ 17:42

MLS: 225105685 LISTED BY: Armando Diaz, Soldavi Inc. SOURCE: MLS Metrolist

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