3758 Larkspur, Merced, California 95348, Merced, 95348 - 5 bed, 4 bath
3758 Larkspur
Merced, California 95348
Property Price
SUMMARY
Analysis of 3758 Larkspur, Merced, California 95348 reveals a Prime Investment Opportunity with a current list price of $425,000—significantly undercutting the $448,447 Fair Market Value by 5%. This valuation gap indicates a +$23,447 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3758 Larkspur Subject | $425,000* List Price | 5 | 4 | 2,352 | $191 | - |
A 3742 Morningside Sold | $345,000 | 3 | 3 | 1,617 | $213 | 0.1 mi |
B 3759 Larkspur Active | $378,000 List Price | 3 | 3 | 1,617 | $234 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2004, this 22-year-old property is well-maintained and functional but shows signs of being outdated, consistent with its age. The kitchen and bathrooms appear to retain original builder-grade finishes and appliances from the early 2000s. While described as turn-key for student housing, it lacks the recent comprehensive renovations required for a higher rating, and major systems are likely approaching the end of their typical 20-25 year lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
This turn-key investment is currently tenant-occupied by reliable students, offering immediate cash flow and high demand due to its proximity to UC Merced and Merced College.
- Versatile Floor Plan
The spacious 5-bedroom, 4-bathroom layout includes two private primary suites—one on the first floor—making it ideal for multi-generational living or maximizing rental privacy.
- Strategic Location
Situated near the UC CatTracks bus line and local amenities like shopping and gyms, the property provides excellent convenience for students and long-term value for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Limited Outdoor Space
With a lot size of only 3,600 square feet for a 2,352 square foot home, the yard space is minimal, which may deter buyers looking for significant outdoor recreational areas.
- Modest School Ratings
The local elementary and middle schools carry lower ratings (3-4), which could be a disadvantage for owner-occupant families prioritizing high-performing school districts.
About 3758 Larkspur
Turn-key investment opportunity near University of California, Merced and Merced College! Spacious and income-producing 5 bedroom, 4 bathroom home featuring two private primary suites, including one conveniently located on the first floor, ideal for multi-generational living, guests, or flexible rental arrangements. The thoughtful floorplan offers generous bedroom sizes and multiple private bath spaces, providing comfort and privacy for every occupant. The common living areas create a welcoming space to gather, while the layout is perfectly suited for student housing or shared living. Located in a quiet, established neighborhood with easy access to the UC CatTracks bus line, commuting to campus is simple and convenient. Enjoy close proximity to parks, restaurants, shopping, gyms, and medical facilities, adding everyday convenience and long-term value to this prime location. Currently tenant-occupied with reliable student renters and strong monthly income, this property offers immediate cash flow and excellent upside potential for investors, or a smart opportunity for buyers looking to offset their mortgage with rental income. Don’t miss this rare chance to own a well-located, high-demand property in growing Merced!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 3,600 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Merced Unified Schools
Rudolph Rivera Elementary
Grades K-6 • 0.7 mi
Franklin Elementary School
Grades K-3 • 2.7 mi
Rudolph Rivera Middle School
Grades 7-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 88% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,352 | 1,752 | 83% |
| Lot Size | 3,600 | 6,144 | 6% |
| Price | $425.0K | $429.0K | 49% |
| Price per sq ft | $181 | $246 | 8% |
| Built year | 2004 | 2007 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 160 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$425,000
Initial Listing
Sold
Jul 10, 2017
$272,000
Public Record
Sold
May 1, 2014
$222,000
Public Record
Sold
Dec 23, 2010
$145,000
Public Record
Sold
Sep 27, 2004
$248,500
Public Record