Merced Multifamily Investment
1962 1976 Edwards Merced, CA 95340
For Sale
$1,165,000
Well-maintained 8-unit apartment building in Merced, CA.
Property Size6,800 SF
Price / SF$171.32
Days on Market92
Property Features for 1962 1976 Edwards
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1979
Listing Agency:
Soldavi Inc.
(209) 383-3000
Listed By:
Emanuel Gutierrez · License #01496803
(209) 383-3000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:01AM
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 Soldavi Inc.
Investment Insights
Based on property information with market context.
This well-maintained apartment building in Merced, CA, presents an investment opportunity. The property comprises eight units, each featuring two bedrooms and one bathroom. Each unit is approximately 850 square feet. The units offer functional floor plans with comfortable living spaces and sizable bedrooms. The property is located in proximity to shopping, schools, public transportation, and UC Merced. The location is described as car-dependent with a walk score of 17, but somewhat bikeable with a bike score of 38.
Key Highlights
- Well‑maintained 8‑unit apartment building.
- Each unit is a spacious 2‑bedroom, 1‑bathroom layout (approximately 850 sq ft).
- Strong unit mix appealing to long‑term tenants.
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 | $158.3k | $23.28 |
| − Vacancy | −$7.9k | −$1.16 |
| EGI | $150.4k | $22.12 |
| − OpEx | −$67.7k | −$9.95 |
| NOI | $82.7k | $12.16 |
6,800 SF · lease $23.28/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,714 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.50M
$1.31M – $1.75M
NOI $105,019 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in Merced, CA.
Where is this apartment building located?
The property is located at 1962 1976 Edwards Merced, CA.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit apartment building.; Each unit is a spacious 2‑bedroom, 1‑bathroom layout (approximately 850 sq ft).; Strong unit mix appealing to long‑term tenants.
