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Turnkey Investment Property in Merced

13229 LeGrand Merced, CA 95333

13229 LeGrand, Merced, CA, 95333
$214,900
Pending
For Sale
Claim this Listing
$214,900
Pending

MULTI_FAMILY - Merced, CA

Property Size960 SF
Lot Size0.19 Acres
AddedMay 28
Days on Market48
Last RefreshJul 14 at 6:06 pm

Property Features for 13229 LeGrand

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Open
Standard status
Pending
APN
318132007000
Size
960 SF
Lot size
0.19 Acres

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Floors in Building
1

Listing agent Marie Meza License #01772801

Listing office eXp Realty of Greater Los Angeles, Inc. 303 N Glenoaks Blvd., Ste. 200, Burbank, CA

Listing date May 28, 2026

MLS# 234319 Listing URL

Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turnkey investment property features two homes on a single lot, currently with 100% occupancy. Unit A provides 630 square feet of living space with 2 bedrooms and 1 bathroom. Unit B offers 330 square feet of living space with 1 bedroom and 1 bathroom. The combined living area of both units totals 960 square feet. Situated in Merced, California, this property on 0.19 acres presents a secure, hassle-free cash flow opportunity from day one.

Key Highlights

  • Turnkey investment property with immediate cash flow.
  • Two homes on one lot.
  • 100% occupancy.

Local Financial Insights For Multifamily LT 5

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 $19.0k $19.80
− Vacancy −$1.0k −$1.09
EGI $18.0k $18.71
− OpEx −$5.4k −$5.61
NOI $12.6k $13.10
960 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$179.6K
$157.2K – $209.6K (±1% cap)
NOI $12,574 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$166.8K
$146.0K – $194.6K (±1% cap)
NOI $11,677 @ 7.0% cap · market cap 5.43%
Theoretical Best
Healthcare Medical
$211.8K
$185.3K – $247.1K (±1% cap)
NOI $14,826 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage Dental Office Auto Repair Shop (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Daycare Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two homes on one lot, 100% occupancy, secure cashflow.
Where is this duplex located?
The property is located at 13229 LeGrand Merced, CA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Turnkey investment property with immediate cash flow.; Two homes on one lot.; 100% occupancy.
Contact an agent
More about this property
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