Multifamily Housing - For Sale
823 West 18th Street Merced, CA 95340
Details & Description
Price: $685,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.740
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $171.25
  • Land Sq Ft 32,234
  • Land Price per Sq Ft $21.25
The property was built in 1941 with (5) Studio units that are 440 sq ft and (2) One-Bedroom/One-Bathroom unit that are 570-760 sq ft which total 20,760 square feet of rentable square feet built on a 32,234 square foot lot. All units feature a spacious kitchen and living room area with wood floors & A/C. Amenities include onsite laundry room, covered parking, central courtyard that’s fenced and separately metered gas & electric.The following are all capital expenditures made; new roof with GAF timberline lifetime shingles, and DuPont underpayment, driveway concrete replaced, and courtyard lawn areas replaced with stamped concrete. The drainage was engineered to the front and rear of property prior to pouring cement. The property features new steel fencing and rolling gates installed. There is a Knox box located at front entry way of property for first responder access, new double pane windows and exterior of building painted in 2017. Front landscaping replaced with turf and rock scape. Drip system installed in plant bed. Main electrical panel upgrade rear of building. All electrical panels inside of apartment units and laundry room have been replaced over the years. Every apartment unit has been partially or fully renovated from 2015 to current day.
Listing Agents
Natasha David

O: 209-477-4400
M: 559-354-9911
NATASHA.DAVIS@NGCIP.COM
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

823 West 18th Street

Merced, CA 95340

Listing ID: 236159
$685,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.740
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $171.25
  • Land Sq Ft 32,234
  • Land Price per Sq Ft $21.25
  • 823 West 18th Street Merced, CA 95340 | for Sale | Photo 1
  • 823 West 18th Street Merced, CA 95340 | for Sale | Photo 2
  • 823 West 18th Street Merced, CA 95340 | for Sale | Photo 3
823 West 18th Street | for Sale | Thumbnail 1
823 West 18th Street | for Sale | Thumbnail 2
823 West 18th Street | for Sale | Thumbnail 3
Description

The property was built in 1941 with (5) Studio units that are 440 sq ft and (2) One-Bedroom/One-Bathroom unit that are 570-760 sq ft which total 20,760 square feet of rentable square feet built on a 32,234 square foot lot. All units feature a spacious kitchen and living room area with wood floors & A/C. Amenities include onsite laundry room, covered parking, central courtyard that’s fenced and separately metered gas & electric.

The following are all capital expenditures made; new roof with GAF timberline lifetime shingles, and DuPont underpayment, driveway concrete replaced, and courtyard lawn areas replaced with stamped concrete. The drainage was engineered to the front and rear of property prior to pouring cement. The property features new steel fencing and rolling gates installed. There is a Knox box located at front entry way of property for first responder access, new double pane windows and exterior of building painted in 2017. Front landscaping replaced with turf and rock scape. Drip system installed in plant bed. Main electrical panel upgrade rear of building. All electrical panels inside of apartment units and laundry room have been replaced over the years. Every apartment unit has been partially or fully renovated from 2015 to current day.

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Merced Area Market Trends

Listing Demographics for 823 West 18th Street Merced, CA 95340

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population14,63779,22099,468
Population Median Age343333
Population by Age0-9 Yrs2291 (15%)13203 (16%)16170 (16%)
10-19 Yrs2056 (14%)12754 (16%)17333 (17%)
20-29 Yrs2555 (17%)13741 (17%)17019 (17%)
30-39 Yrs2478 (16%)10985 (13%)13371 (13%)
40-49 Yrs1580 (10%)8322 (10%)10394 (10%)
50-59 Yrs1531 (10%)8261 (10%)10173 (10%)
60-69 Yrs1080 (7%)6319 (7%)8150 (8%)
70+ Yrs1067 (7%)5636 (7%)6858 (6%)
Median HH Income$30,666$44,107$48,225
Total Household Income< 24K2127 (41%)7128 (29%)7965 (26%)
25-49K1375 (26%)6394 (26%)7400 (24%)
50-74K758 (14%)4127 (16%)5127 (17%)
75-99K339 (6%)2514 (10%)3277 (10%)
100-199K464 (9%)3475 (14%)4708 (15%)
200K+61 (1%)844 (3%)1386 (4%)
Highest Education LevelNo Diploma35101283314886
Diploma or GED18591081313305
Some College18391125013884
Assoc. Degree54739684802
Bachelors Degree59941455643
Higher Degree65630053969
Total Housing Units5,53625,98231,624
--Owner-Occupied1,2499,90613,187
--Renter-Occupied3,87514,57616,676
Owner-Occupied Values< 100K1509801242
100-199K56629623409
200-299K39337424823
300-399K5312091963
400-499K8466739
500K+795481010
Total Working Age Population11,07858,20273,640
In Work Force6,24132,80641,882
Not In Work Force4,83725,39631,758
Workforce Employed5,31628,53036,204
Workforce Unemployed9204,2275,618
Civlian Workforce6,23532,75741,822
Military Workforce54960
Total Households5,12424,48129,863
Family Households3,19116,93521,123
Non-Family Households1,9347,5478,739
Married Couple1,5249,77712,838
Other Family1,6667,1578,285
Married w/Child7514,4685,939
Single Male w/Child1788661,080
Single Female w/Child8573,4163,905

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
California33,871,648+1037,253,956+940,467,295+843,631,295
Fresno County799,407+16930,450+111,032,052+111,142,991
Madera County123,109+23150,865+8162,293+14185,579
Merced County210,554+21255,793+13288,021+14328,002
Stanislaus County446,997+15514,453+10567,502+11631,755

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Norman Y. Mineta San Jose International Airport (SJC) 79
Metropolitan Oakland International Airport (OAK) 99
San Francisco International Airport (SFO) 106
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