Property profile

3515 E Yosemite Ave Merced Merced, CA 95340

FOR SALE
Land
Property ID
US09-2248153
51.3 ac lot
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional agricultural property encompasses approximately 51.3 assessed acres located at 3515 E Yosemite Ave, Merced, CA 95340, just two miles from UC Merced. The land boasts approximately 44 acres of productive 5th and 6th leaf Nonpareil and Monterey almond trees. Irrigation is provided by the Merced Irrigation District (MID), with water currently priced at $50 per acre-foot. A new well, drilled in 2018 (12’ casing, 480’ deep, bowl set at 420’, water depth at 104’), supplements the MID water supply. The property includes two homes. The first, located at 3515 E. Yosemite Avenue, is a remodeled 1,556 sq. ft. home featuring three bedrooms and two bathrooms, along with a remodeled shop and hay barn. The second home, situated at 2831 Crown Road, is also a remodeled three-bedroom, two-bathroom residence, complete with a shop and a 210’ domestic well (set at 180’, static water at 98’). Both homes were completely remodeled in 2019 and 2020 respectively. Merced County APNs are 238-010-008 and 238-010-002. Detailed soil information is available upon request. The property is subject to the Sustainable Groundwater Management Act (SGMA), with potential future limitations on groundwater pumping. Please note that the seller may require additional time after escrow closes for property vacancy. Asking price is $6,000,000.

Property profile

Verified
Property type Land
Lot 51.3 ac (2,234,628 SF)
UPID US09-2248153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3515 E Yosemite Ave, Unit Merced Merced, CA 95340
Merced metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2018
$995,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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