2400 K, Merced, California 95340, Merced, 95340 - 0 bed, 0 bath
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Merced, California 95340
Analysis of 2400 K, Merced, California 95340 is currently available with a list price of $1,950,000. 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.
Property is moderate renovation needed.
Built in 1950, this 74-year-old complex shows signs of basic cosmetic maintenance such as updated flooring and fresh paint in the interior photos. However, the lack of mention regarding major system overhauls (HVAC/Electric) or full kitchen/bath remodels suggests the property is dated and likely relies on older infrastructure, fitting the profile of a functional but aged multi-family asset needing minor updates.
Current rents across all 14 units are below market rates, offering a clear path to increased Net Operating Income (NOI) through strategic lease renewals and management.
Situated directly across from the Amtrak station and within walking distance to downtown amenities, the property is ideally positioned for commuters and urban dwellers.
Each of the 14 units features its own dedicated laundry room, a highly sought-after feature that increases tenant retention and justifies premium market rents.
With four units currently vacant, the property faces an immediate 28% vacancy rate, requiring the new owner to manage lease-up costs and initial cash flow gaps.
Constructed in 1950, the aging structure may require significant capital expenditures for system upgrades or deferred maintenance common in properties of this era.
14 unit apartment complex. 2 one bedroom one bath units renting for $1050 market rent is $1200. 4 two bedroom one bath units renting for $1300 market rent is $1400. 8 three bedroom one bath units renting for $1400 market rent is $1600. All units have their own laundry rooms. Complex is downtown across from Amtrak station and a easy walking distance to shopping, schools, parks and train station. Four units are currently vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 10,800 | - |
| Lot Size | 43,560 | - |
| Price | $1.95M | $685.0K |
| Price per sq ft | $181 | $171 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 167 |
Jun 23, 2026
$1,950,000
Initial Listing
Apr 17, 2018
$1,100,000
Public Record
Mar 4, 2016
$20,000
Public Record