2400 K, Merced, California 95340, Merced, 95340 - bed, bath
2400 K
Merced, California 95340
Property Price
SUMMARY
Analysis of 2400 K, Merced, California 95340 is currently available with a list price of $2,400,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1950, this 14-unit complex is functional and maintained but shows clear signs of age. The kitchens and bathrooms feature outdated styles, including older white appliances, basic cabinetry, and laminate surfaces. While the property is move-in ready for tenants, it lacks modern renovations and reflects the quality standards of several decades ago.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Unit Mix & Amenities
The complex features a high proportion of three-bedroom units and rare in-unit laundry for all 14 apartments, significantly increasing tenant appeal and marketability.
- Transit-Oriented Location
Situated in downtown Merced directly across from the Amtrak station and within walking distance to schools and shopping, the property offers prime accessibility for commuters.
- Scalable Investment Potential
With 14 units and a mix of one, two, and three-bedroom layouts, the property provides a robust revenue stream and strong potential for long-term appreciation in a central urban hub.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1950, the property may require substantial capital improvements or frequent maintenance to modernize systems and maintain structural integrity.
- Limited Bathroom Count
All units, including the larger three-bedroom layouts, feature only a single bathroom, which may limit appeal for larger households or co-living arrangements.
About 2400 K
14 unit apartment complex. Possible rents are the following 2 one bedroom one bath units rent for $1050. There are 4 two bedroom one bath units rent for $1300 there are 8 three bedroom one bath units rents for $1400 all units have their own laundry rooms. Complex is downtown across from Amtrak station and a easy walk to shopping and schools.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1950
- Lot Size
- 43,560 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 7 | 2,803.5 | 50% |
| Lot Size | 43,560 | 29,880 | 50% |
| Price | $2.40M | $1.88M | 50% |
| Price per sq ft | $342.9K | $171.5K | 50% |
| Built year | 1950 | 1958 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 161 | 50% |
Pricing History
Listed for Sale
Feb 28, 2026
$2,400,000
Initial Listing
Price Change
Nov 13, 2025
$24,000,000
Initial Listing
Sold
Apr 17, 2018
$1,100,000
Public Record
Sold
Mar 4, 2016
$20,000
Public Record