N State Highway 59
Merced, CA 95348
Acres (Lot)
--Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.
Property Details
Map
Map
Features
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Water/Sewer
Sewer: Public Sewer -
Flooring Information
See Remarks -
Interior Features
Laundry Features: Other -
Heating & Cooling
Heating: Central Cooling: Central WaterSource: Public
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Building Information
Year Built: 1994 Stories: 2 Construction Materials: Wood Foundation Details: Other -
Exterior Features
Foundation Details: Other -
Laundry Features
Other
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Lot Information
Lot Description: Other Lot Square Feet: 18,034 Stories: 2Property Information
Property Type: Residential Income Sub Type: 5 or More Units Construction Materials: Wood Property Age: 32 Cross Street: Cooper ave Source Neighborhood: 20407 Postal Code Plus 4: 4359 Area: Merced S: 95348 Zoning: R3 Structure Type: ApartmentsFarm Info
Irrigation Source: None
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Listing Price Information
Listing Id: 225148029 List Price: $2,100,000
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Tax Information
Parcel Number: 058-110-013-000
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Parking Information
Parking Total: 15 See Remarks
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Elementary School District: Merced CityJunior High School District: Merced CitySenior High School District: Merced Union High
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Utility Information
City -
Location Information
Direction: USE GPS
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| N Southern Pacific Avenue, Merced, CA, 95348 | $599,999 | -- | -- | -- | Acres (Lot)-- |
| Canyon Drive, Merced, CA, 95348 | $260,000 | -- | -- | -- | Acres (Lot)-- |
| Franklin Rd, Merced, CA, 95348 | $749,900 | -- | -- | -- | Acres (Lot)-- |
| 1735 W North Bear Creek.., Merced, CA, 95348 | $1,995,000 | -- | -- | -- | 22,511.81 Sqft(Lot) |
| N State Highway 59, Merced, CA, 95348 | $3,900,000 | -- | -- | -- | 466,105.07 Sqft(Lot) |
| N State Highway 59, Merced, CA, 95348 | $3,900,000 | -- | -- | -- | Acres (Lot)-- |
| N State Highway 59, Merced, CA, 95348 | $3,790,000 | -- | -- | -- | 466,105.07 Sqft(Lot) |
| Sohan Drive, Merced, CA, 95348 | $207,000 | -- | -- | -- | Acres (Lot)-- |
| N State Highway 59, Merced, CA, 95348 | $3,490,000 | -- | -- | -- | Acres (Lot)-- |
| 3314 Robin Hood, Merced, CA, 95348 | $169,000 | -- | -- | -- | 9,858 Sqft(Lot) |
Similar Land To N State Highway 59
Nearby For Sale
ByOwner last updated this listing 06/04/2026 @ 16:10
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