
Merced, California 95341
This property presents a High-Potential Investment Opportunity with a List Price of $359,900—positioned well below the $341,769 Fair Market Value (Note: Market adjustment reflects current pricing). Featuring a 4bd/3ba split-layout with separate alley access, this asset offers significant rental flexibility. While the home carries a Condition Rating of 5, the durable tile flooring and secure iron rolling gates provide a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the dual-unit configuration for supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 268 E 10th Subject 4 bd · 3 ba · 1,636 sqft · $200 | $319,900* List Price | 4 | 3 | 1,636 | $200 | - |
A 536 Margaret Court Sold 4 bd · 2 ba · 1,617 sqft · $220 · 1.0 mi | $356,000 | 4 | 2 | 1,617 | $220 | 1.0 mi |
B 452 Las Brisas Court Sold 4 bd · 2 ba · 1,277 sqft · $243 · 0.6 mi | $310,000 | 4 | 2 | 1,277 | $243 | 0.6 mi |
C 178 La Purisima Court Active 4 bd · 2 ba · 1,511 sqft · $242 · 1.0 mi | $365,000 List Price | 4 | 2 | 1,511 | $242 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1989 (>30 years old) with no evidence of recent major renovations. The interior features dated tile flooring and basic bathrooms. Systems appear aged, specifically noting the use of a wall heater rather than central HVAC and a water heater that shows signs of significant wear and neglect. The unfinished garage and general condition suggest the property needs a full rehab to meet modern standards.
The unique split layout featuring a 3-bedroom front unit and a 1-bedroom rear unit with separate alley access provides an ideal setup for multi-generational living or dual-rental income.
The property is well-secured with iron rolling gates and full fencing, complemented by a landscaped front yard and palm trees that enhance its street presence and privacy.
Featuring tile flooring and tiled bathrooms throughout, the home offers a low-maintenance interior that is both practical for high-traffic use and cost-effective for long-term property management.
With a lot size of 5,012 square feet, the outdoor space is relatively limited, which may be a drawback for buyers seeking a large backyard or significant private garden space.
The current division of the home may require additional investment or construction to seamlessly convert it back into a traditional four-bedroom single-family residence if a unified layout is desired.
Come see this amazing opportunity, Home is a 4bd/3ba, it is currently split as a 3/2 in the front and 1/1 in the rear with living room space, however home can be converted back into 4/3 combined. 1bd/1ba unit can be accessed through alley for separate access or through front side gate. Home features tile floors, tiled bathrooms, landscaped front yard, iron rolling gates and fence. property has palm trees in the front. Weather your looking for an investment opportunity to completely rent out, or live in one side and rent the other this property is for you. Property offers major potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,636 | 1,698.064 |
| Lot Size | 5,012 | 6,572.897 |
| Price | $319.9K | $415.4K |
| Price per sq ft | $196 | $253 |
| Built year | 1989 | 2002 |
| HOA | $0 | $108 |
| Days on market | 46 | 68 |
Oct 8, 2026
$319,900
$345,000
-7% Price Drop
Initial Listing
Sep 22, 2026
$345,000
$359,900
-4% Price Drop
Initial Listing
Sep 8, 2026
$359,900
Initial Listing
Sep 8, 2020
$250,000
Public Record
Sep 21, 2009
$65,000
Public Record