
Merced, California 95340
Analysis of 2912 Oleander Avenue, Merced, California 95340 is currently available with a list price of $1,556,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Property is land value only, full reconstruction required.
Built in 1960 and over 60 years old with no evidence of renovation, this small 937 sqft residence is marketed primarily for its 2-acre land value and redevelopment potential. The listing focuses on the property's role in a larger land assemblage, suggesting the structure holds little to no contributory value compared to the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87120, living area = 937.
The approximately 2-acre parcel, combined with two additional contiguous lots, offers a massive land area ideal for future expansion or large-scale residential redevelopment projects.
The property is part of a three-lot integrated configuration, providing a unique opportunity to own a large, functional footprint that maximizes utility and investment value.
The property is landlocked and relies entirely on neighboring parcels for legal and physical access to public roadways, making its utility dependent on the adjoining lots.
The sale requires the simultaneous purchase of three separate parcels for a total of $2,300,000, which may limit the buyer pool to developers or high-net-worth investors.
This approximately 2-acre parcel is the largest of three contiguous lots and is improved with a single-family residence containing 2 bedrooms and 1 bathroom. The property serves as the primary residential component of the assemblage and offers significant land area for residential use, future expansion, or redevelopment potential, subject to applicable regulations. The parcel is situated behind the two adjoining lots and relies upon them for legal and physical access to the public roadway. As such, the property's utility and accessibility are directly tied to the continued use of the neighboring parcels for ingress and egress. Together, the three lots function as an integrated property configuration, with the front parcels providing essential access to the rear residential site. Must incorporate these additional parcels in the sale (007-143-010-000, 007-143-011-000 and 007-103-004-000), as they are integral to the overall functionality, access, and utility of the property assemblage. The total purchase price for the combined assemblage is $2,300,000.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 937 | 1,721.5 |
| Lot Size | 87,120 | 7,120 |
| Price | $1.56M | $407.4K |
| Price per sq ft | $1.7K | $253 |
| Built year | 1960 | 2002 |
| HOA | $0 | $108 |
| Days on market | 28 | 62 |
Jun 24, 2026
$1,556,000
Initial Listing
Oct 31, 2024
$400,000
Public Record
Feb 1, 2024
$300,000
Public Record