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2917 Oleander Avenue $2,170,000


    2917 Oleander Avenue Merced, CA 95340

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 221108262
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    Views: 347

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    Property Details

    Great opportunity to own a 12-unit investment property located on 4.6 acres. The property includes five parcels that consist of 1 acre of vacant land, zoned multi-family. Two units on 1 acre with a 2 bed, 1 bath unit, and a 3 bed, 1 bath unit. Also includes six units on a 1-acre lot, a triplex, a duplex, 2 bed, 1 bath unit, 1 bed, 1 bath unit, a two-story home, and large storage in the back. Two units on a 1-acre lot, 3 bed, 1 bath home, and a 1 bed, 1 bath unit. One parcel has a 3 bed, 2 bath home, and an additional 1 bed, 1 bath studio. Six units on the property have been reroofed within the last year. All units within the last eighteen months had the exterior newly painted. Several of the homes had the interior upgraded within the last two years. The rental history on this property has been amazing with many tenants being here for several years. This whole property has the potential for 43 SFR buildouts in the near future. Located in North Merced near UC Merced and Mercy Medical.

    • General Features
      • Year Built 1932
      • Property Subtype 5 or More Units
      • County Merced
      • Association Fee $0
      • Association No
    • Building Features
      • Accessibility Features Varies By Unit
      • Appliances Varies By Unit
      • Carport Spaces 0.00
      • Construction Materials Frame
      • Num Commercial Units 0
      • Number of Buildings 12
      • Independent Parking Spaces 0
      • Number of Floors 1
      • Heating Varies by Unit
      • Foundation Slab
      • Garage Spaces 0.00
      • Flooring Carpet, Tile, Varies by Unit
      • Covered Spaces 0.00
      • Cooling Wall Unit(s), Varies by Unit
      • Other Equipment Varies by Unit
      • Parking Features Carport, Garage, Varies by Unit
      • Open Parking Spaces 0.00
      • Number of Studio Units 1
      • Number of Units Total 12
      • Patio And Porch Features Varies by Unit
      • Roof Composition
      • Total Parking Spaces 2.00
      • Stories 1
      • Sewer Shared Septic
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
      • Water Source Public
    • Property Features
      • Lot Size Source Owner
      • Lot Size Square Feet 200376.00
      • Lot Size Acres 4.6
    • Schools
      • Senior High School District Merced Union High
      • School District County Merced
      • Middle or Junior School District Merced City
      • Elementary School District Merced City



    95340 (Merced) Demographics

    33 Median Age
    885 Population Density (per sq. mile)
    35% College Educated
    $55,470 Estimated Median Income
    6,206 Estimated Total Home Owners
    5,595 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    35,827 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    45 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,170,000
        12/16/2021 5:01:48 PM Price Reduced Source: Multiple Listing Service New Value: $2,170,000 -13.03%
        8/26/2021 6:02:00 PM New in Database Source: Multiple Listing Service New Value: $2,495,000

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        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 1/23/2022 10:04:56 AM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.