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1976 Edwards Ave 8 Unit Apartment Building $1,300,000 ($162,500/Unit) Merced, CA 95340
Investment Highlights
- 14 Parking Spaces
- Excellent Location
- All Units (8) 2 bedroom, 1 bath
Executive Summary
Exceptional investment opportunity in Merced, CA! This well-maintained 8-unit apartment building features (8) spacious 2-bedroom, 1-bathroom units, each approximately 850 square feet. The property offers a strong unit mix that appeals to long-term tenants, making it an ideal addition to any investor’s portfolio. Each unit provides functional floor plans with comfortable living spaces, sizable bedrooms, and practical layouts designed for everyday living. With consistent rental demand in the Merced area and proximity to shopping, schools, public transportation, and UC Merced, this property is well-positioned for stable occupancy and future growth. Whether you’re looking to expand your portfolio or complete a 1031 exchange, this multi-family asset offers solid income potential in a growing Central Valley market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,300,000 | Lot Size | 0.37 AC |
| Price Per Unit | $162,500 | Building Size | 6,800 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.06/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2 | ||
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 6,800 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Yard
- Handrails
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 850 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 034-230-002 | Total Assessment | $652,775 |
| Land Assessment | $92,843 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $559,932 | Tax Year | 2025 |
Property Taxes
Parcel Number
034-230-002
Land Assessment
$92,843
Improvements Assessment
$559,932
Total Assessment
$652,775
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1976 Edwards Ave
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