3321 Santa Rosa Court, Merced, California 95348, Merced, 95348 - 0 bed, 0 bath
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Merced, California 95348
This Centrally Located Quadruplex is a High-Potential Investment Opportunity, listed at $570,000—positioned well below the $634,089 Fair Market Value by 10%. This valuation gap offers $64,089 in Instant Equity for buyers. The property maintains a Fair Condition Rating with two recently updated units and private patios, providing a turnkey move-in option to offset housing costs. Situated near the Merced Mall and Target, the asset promises an estimated 7% cap rate and significant rental upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3321 Santa Rosa Court Subject | $570,000* List Price | 0 | 0 | 3,909 | $162 | - |
A 147 W Alexander Sold | $695,000 | 0 | 0 | 3,938 | $176 | 1.0 mi |
B 3310 R Sold | $580,000 | 0 | 0 | 3,400 | $171 | 0.0 mi |
C 3360 R Active | $550,000 List Price | 0 | 0 | 3,834 | $143 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this fourplex is classified as being in fair condition because it represents an aged property with only partial updates. While two of the four units have been recently renovated with new flooring, fresh paint, and shaker-style kitchen cabinets, the property as a whole still features dated elements such as popcorn ceilings and basic white appliances. The exterior, carports, and the remaining two unrenovated units indicate a need for further modernization and potential maintenance typical of a 50-plus-year-old structure.
Priced under $600,000 with an estimated 7% cap rate and immediate rental upside, this fourplex offers a compelling opportunity for both investors and owner-occupants to build equity.
The property is ideally situated near major retail anchors like the Merced Mall and Target, ensuring consistent tenant demand and high walkability to shopping and dining.
Two of the four units have been recently renovated with modern flooring, fresh paint, and upgraded kitchens, reducing immediate turnover costs and increasing market appeal.
Built in 1972, the property may require future capital expenditures for major systems such as roofing, plumbing, or electrical that have not been specifically noted as upgraded.
With only select units recently remodeled, the remaining units likely feature older finishes, creating a disparity in rental value and requiring future investment to achieve maximum property-wide rents.
Searching for an 8-bed fourplex in Merced under $600,000 with income upside and a move-in opportunity? This centrally located fourplex offers four spacious units, recent upgrades in select units, and strong rental potential near major retail anchors, making it ideal for both owner occupants and investors. Welcome to 3321 Santa Rosa Ct in Merced, a well-positioned fourplex featuring two 2 bedroom 1 bath units and two 2 bedroom 1.5 bath units across 3,909 square feet on a 9,141 square foot lot. Both 2 bed 1.5 bath units have been recently updated with new flooring, fresh interior paint, and upgraded kitchen counters and cabinets, creating immediate appeal for tenants or an owner occupant. One unit is currently vacant, offering the opportunity to achieve approximately $1,400 in rent and an estimated 7% cap rate once filled. Two units are occupied by long-term tenants, providing stable income with future rental upside. The property includes three open parking spaces and four covered carport spaces for tenant convenience. Located near the newly remodeled Marketplace at Merced Mall and Target, residents enjoy easy access to shopping, dining, and daily essentials. This property is well suited for an owner occupant looking to offset housing costs or an investor seeking a value-add opportunity in a North Merced location with consistent rental demand. Call or text for more information or to schedule a private showing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,909 | 3,400 | 60% |
| Lot Size | 9,141 | 9,873 | 40% |
| Price | $570.0K | $570.0K | 50% |
| Price per sq ft | $146 | $171 | 40% |
| Built year | 1972 | 1974 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 71 | 20% |
Apr 17, 2026
$570,000
Initial Listing