Well-Maintained Apartment
For Sale
$2,100,000
1431 E 21st St, Merced, CA 95340
Apartment building with 19 units, ample parking, and a dedicated laundry room, separately metered for gas and electric.
Property SizeContact for details
Days on Market79
Property Features for 1431 E 21st St
General Information
Standard status
Active
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
5.73%
Multifamily Units
19
Amenities
laundry room
Building Details
Year Built
1981
Listing Agency:
Fresno Office
(559) 476-5580
Listed By:
Jon Mimms · License #License(s): CA: 01820718
(559) 476-5580
Source:
Marcusmillichap
Added: May 18
Changed: Jul 23
Last Checked: Jul 24 at 4:42AM
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 Fresno Office
Investment Insights
Based on property information with market context.
This well-maintained apartment building was constructed in 1981 and consists of 19 residential units. The mix includes one one-bedroom, one-bath unit and eighteen two-bedroom, one-bath units. Each unit is approximately 775 square feet. The property also features a laundry room that can generate additional income, and it is separately metered for gas and electric.
Located off Yosemite Parkway and E 21st St in Merced, CA, the property offers convenient access on and off of the freeway. It sits within a quiet residential neighborhood and is close to multiple schools, including Charles Wright Elementary, Herbert Hoover Intermediate, Golden Valley High School, and Merced College.
Parking is available in open parking spots as well as street parking. Some units have been renovated with vinyl plank flooring and granite countertops, and the current rents are reported as 21% below market.
Located off Yosemite Parkway and E 21st St in Merced, CA, the property offers convenient access on and off of the freeway. It sits within a quiet residential neighborhood and is close to multiple schools, including Charles Wright Elementary, Herbert Hoover Intermediate, Golden Valley High School, and Merced College.
Parking is available in open parking spots as well as street parking. Some units have been renovated with vinyl plank flooring and granite countertops, and the current rents are reported as 21% below market.
Key Highlights
- 19‑unit apartment building at 1431 E 21st St, Merced, CA, built in 1981
- Unit mix: 1 one‑bedroom/one‑bath (~775 SF) and 18 two‑bedroom/one‑bath units (~775 SF each)
- Dedicated laundry room that can generate additional income
Property Analytics
Current Use
Lease Details
19
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with 19 units, ample parking, and a dedicated laundry room, separately metered for gas and electric.
Where is this apartment building located?
The property is located at 1431 E 21st St Merced, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 19‑unit apartment building at 1431 E 21st St, Merced, CA, built in 1981; Unit mix: 1 one‑bedroom/one‑bath (~775 SF) and 18 two‑bedroom/one‑bath units (~775 SF each); Dedicated laundry room that can generate additional income
