40 W 13th St Merced, CA 95341
New apartment complex with enterprise zoning, completion by end of 2025.
Property Features for 40 W 13th St
General Information
- Standard status
- Active
- Size
- 6,650 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial
Listing office Realty executives (209) 385-8500
Listing date Mar 12, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realty executives
Investment Insights
Based on property information with market context.
Key Highlights
- Brand new 10‑unit apartment complex offering a turn‑key, income‑producing investment opportunity.
- Enterprise zoning provides flexible land‑use allowances for potential future expansion and versatility.
- Each unit features modern amenities including brand‑new appliances, laminate flooring, dual‑pane windows, and an indoor laundry room.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.8k | $23.28 |
| − Vacancy | −$7.7k | −$1.16 |
| EGI | $147.1k | $22.12 |
| − OpEx | −$66.2k | −$9.95 |
| NOI | $80.9k | $12.16 |
