1127 W 23rd, Merced, California 95340, Merced, 95340 - 2 bed, 1 bath
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Merced, California 95340
This Value-Driven Mid-Century Residence is a Prime Investment Opportunity, listed at $299,000—positioned well below the $311,298 Fair Market Value by 4%. This valuation gap provides $12,298 in Instant Equity. While maintaining a Condition Rating of 4, the home features original hardwood floors and an updated bathroom on an expansive 7,501 sq ft lot. Located in the Merced Union High School District, the property offers significant upside through its flexible garage conversion. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1127 W 23rd Subject | $299,000* List Price | 2 | 1 | 1,263 | $245 | - |
A 1665 Patricia Sold | $350,000 | 3 | 2 | 1,348 | $260 | 0.5 mi |
B 1320 W. 25th Street Sold | $340,000 | 3 | 1 | 1,128 | $301 | 0.2 mi |
C 1320 W 21st Sold | $276,000 | 2 | 1 | 1,037 | $266 | 0.3 mi |
D 2215 W Sold | $340,000 | 3 | 3 | 1,633 | $208 | 0.4 mi |
E 1054 W 24th Active | $300,000 List Price | 3 | 1 | 1,264 | $237 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this home is significantly dated. While the description mentions an updated bathroom and hardwood floors, the kitchen features older cabinetry and laminate countertops likely exceeding 20-30 years in age. The exterior shows some stucco wear at the base, and the overall aesthetic requires modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7501, living area = 1263.
The home features original hardwood flooring throughout and a tastefully updated bathroom, blending mid-century charm with contemporary comfort.
An open-concept kitchen and family room layout, paired with a flexible garage conversion, maximizes the interior square footage for modern living and entertaining.
The garage conversion requires buyer verification of permits, which could present challenges during the appraisal process or future resale.
The 2-bedroom, 1-bathroom configuration may limit the property's appeal to larger families or buyers requiring a secondary bathroom for guests.
Charming 2-bedroom, 1 bathroom home offering 1263 sq ft of comfortable living space on a spacious 75001 sq ft lot. Ideally situated on a beautiful tree-lined street. This inviting home features hardwood flooring thought out and an updated bathroom. the kitchen opens to the family room, creating a warm and functional layout perfect for everyday living and entertaining. A garage conversion provides additional flexible space (Buyer to verify permits) the generous backyard includes three storage sheds, offering plenty of room for hobbies, storage or outdoor enjoyment. A wonderful opportunity with character, space and potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 1,263 | 1,550 | 24% |
| Lot Size | 7,501 | 7,500 | 51% |
| Price | $299.0K | $385.0K | 11% |
| Price per sq ft | $237 | $250 | 39% |
| Built year | 1951 | 1967 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 140 | 2% |
May 1, 2026
$299,000
Initial Listing
Jun 25, 2012
$83,000
Public Record