308 W 20th St, Merced, California 95340, Merced, 95340 - 0 bed, 0 bath
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Merced, California 95340
Analysis of 308 W 20th St, Merced, California 95340 is currently available with a list price of $1,350,000. 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.
The property was built in 1966 and, while it features a newer roof (under 6 years old) and one fully renovated unit, the remaining five units are likely in an aged but functional state. The overall condition reflects a property that has been maintained but requires further interior modernization across the majority of the units to meet current market standards.
The property is ideally situated near Downtown Merced, UC Merced, and the future high-speed rail station, ensuring high tenant demand and long-term capital appreciation.
With a roof less than six years old and one unit already fully renovated, the property offers reduced immediate maintenance liabilities and a clear path for value-add potential.
The inclusion of two adjacent parcels with six total units provides significant flexibility for 1031 exchange investors and diverse financing or future resale strategies.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13500, other record lot size in square feet = 6000.
Only one of the six units has been fully renovated, suggesting that the remaining five units may require additional capital expenditure to achieve top-of-market rents.
The property provides only four covered parking spaces for six 2-bedroom units, which may be insufficient for multi-vehicle households and could impact tenant retention.
INCREDIBLE INVESTMENT OPPORTUNITY! Two adjacent parcels—308, 310, 312 W. 20th St. and 1927, 1935, 1943 Martin Luther King Jr. Way—are being offered together, featuring a total of six units. This multi-family asset is located in a rapidly developing area within walking distance of revitalized Downtown Merced. It also offers convenient access to Merced College and University of California, Merced, as well as nearby public transportation, major freeways, and the planned high-speed rail station—making it highly attractive for tenants.The property consists of six 2-bedroom, 1-bathroom units, all currently tenant-occupied. Major upgrade already done! Roof is under 6 years old. One unit has been fully renovated, featuring fresh paint, new flooring, and a completely updated kitchen and bathroom. The property offers four covered parking spaces, along with ample street parking for tenants and guests. Both buildings sit on the same site under two separate parcel numbers, presenting flexibility and added value. This is an excellent candidate for a 1031 exchange. Don’t miss the chance to secure an income-generating property in one of Merced’s most promising growth areas. This is an opportunity you won’t want to overlook.
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 | 726 | - |
| Lot Size | 13,500 | - |
| Price | $1.35M | $488.5K |
| Price per sq ft | $1.9K | $199 |
| Built year | 1966 | 0 |
| HOA | $0 | $0 |
| Days on market | 117 | 37 |
Mar 27, 2026
$1,350,000
Initial Listing
Apr 19, 2023
$525,000
Public Record
Dec 24, 2015
$210,000
Public Record