203 W 20th, Merced, California 95340, Merced, 95340 - 3 bed, 4 bath
203 W 20th
Merced, California 95340
Property Price
SUMMARY
Analysis of 203 W 20th, Merced, California 95340 reveals a property with a current list price of $675,000, which is 11% above the estimated $605,285 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 203 W 20th Subject | $675,000* List Price | 3 | 4 | 3,551 | $170 | - |
A 1037 W Santa Fe Sold | $683,334 | 4,356 | $157 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1950, this multi-structure property is functional but significantly outdated. The kitchens and bathrooms across the two homes and church building feature mid-century styles, older cabinetry, and aged appliances. While the property has been maintained through regular upkeep, the infrastructure and interior finishes show clear signs of age and require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15000, living area = 3551.
- High Development Potential
The R3 zoning and existing church structure provide a rare opportunity for conversion into 4-8 residential units, offering significant value-add potential for savvy investors.
- Multiple Income Streams
The property features two separate single-family homes in addition to the large church building, allowing for diversified rental income from multiple structures on a single 15,000 sqft lot.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 7.
- Significant Conversion Costs
Transforming a 1950s church into residential units requires substantial capital investment, architectural planning, and navigating complex city/county approval processes.
- Aging Infrastructure
Given the 1950 build date, the structures likely require extensive modernization of electrical, plumbing, and HVAC systems to meet current building codes and tenant expectations.
About 203 W 20th
Prime Investment Opportunity with Incredible Upside! This rare R3-zoned property offers exceptional cash flow potential and endless possibilities. Featuring a large, beautiful church building and two single-family homes, all conveniently located near downtown and shopping. The church includes two separate restrooms with stalls and a spacious rec room, with potential for conversion to a rec center or 4–8 units (buyer to verify with city and county). The corner home offers 3 bedrooms, 1 bath, and a fenced backyard. The second home features 3 bedrooms, 1 bath, a bonus room, and an indoor laundry. Multi-structure properties like this don’t come around often — opportunity is knocking.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 15,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 3,551 | 1,566 | 96% |
| Lot Size | 15,000 | 7,501 | 93% |
| Price | $675.0K | $360.0K | 92% |
| Price per sq ft | $190 | $244 | 12% |
| Built year | 1950 | 1965 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 171 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$675,000
Initial Listing
Sold
Mar 2, 2022
$412,500
Public Record
Sold
Sep 24, 2021
$345,000
Public Record
Sold
Aug 21, 2015
$250,000
Public Record
Sold
Jun 2, 2014
$195,000
Public Record
Sold
Mar 5, 2009
$225,000
Public Record
Sold
Jul 28, 2006
$400,000
Public Record
Sold
Mar 9, 2006
$80,000
Public Record
Sold
Oct 24, 2001
$94,000
Public Record