2520 Mckee Road, Merced, California 95340, Merced, 95340 - bed, bath

2520 Mckee Road
Merced, California 95340
Property Price
SUMMARY
Analysis of 2520 Mckee Road, Merced, California 95340 reveals a property with a current list price of $410,000, which is 6% above the estimated $386,178 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property consists of two homes built in 1946 that have been completely gutted, leaving them in an unlivable state. They require total rehabilitation and substantial investment to install new kitchens, bathrooms, flooring, and modern mechanical systems. While the structures are being marketed as a 'blank canvas' for renovation rather than a total demolition, the current condition meets the criteria for poor due to the lack of functional living components and the need for extensive repairs.
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 = 17264, living area = 1257.
- Multi-Unit Investment Potential
Featuring two separate homes on a single lot, this property offers versatile options for dual rental income, a primary residence with a guest house, or multi-generational living.
- Strategic Location
Situated just minutes from UC Merced and Merced JC, the property is ideally positioned to attract students and faculty in a high-demand rental market near local amenities.
CONSRISKS & DEFICIENCIES
- Full Renovation Required
Both homes have been completely gutted, necessitating a substantial investment of time and capital to design and finish the interiors before the property can be occupied.
- Vintage Construction
Originally built in 1946, the structures may require extensive updates to foundational systems such as plumbing and electrical to meet modern building codes during the rebuild.
About 2520 Mckee Road
This unique multi-family property sits on just under half an acre and features two homes on one lot, offering incredible potential for investment or multi-generational living. Both homes have been fully gutted, providing a blank canvas for you to design the interiors to your specifications. Each house is currently a two-bedroom, one-bathroom layout with ample space to add additional rooms, making it ideal for expansion. The generous lot size offers plenty of outdoor space for both properties, creating opportunities for additional parking, landscaping, or even future development. Whether you're looking to renovate both homes and rent them out, live in one and lease the other, or design your dream multi-family setup, this property presents endless possibilities. A rare find for even the most discerning buyer, it enjoys a prime location near shops, restaurants, grocery stores, and is just a few short minutes from both UC Merced and Merced JC.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 17,264 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 | - | 3.0 | 3% |
| Baths | - | 2.0 | 3% |
| Square foot | 1,257 | 1,551 | 20% |
| Lot Size | 17,264 | 7,501 | 94% |
| Price | $410.0K | $360.0K | 72% |
| Price per sq ft | $326 | $245 | 92% |
| Built year | 1946 | 1965 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 416 | 172 | 0% |
Pricing History
Listed for Sale
Jan 15, 2025
$410,000
Initial Listing
Sold
May 17, 2024
$265,000
Public Record
Sold
Jan 25, 2017
$153,000
Public Record
Sold
Oct 12, 2004
$100,000
Public Record












