
Merced, California 95348
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well above the $464,674 Fair Market Value by 12%. While priced above market, the asset offers immediate cash flow, generating $4,000 in monthly net income. Featuring an 8-bedroom, 4-bathroom configuration on a 9,833 sqft corner lot, the home is in Fair Condition Rating. This turnkey, multi-tenant setup is designed for high-demand shared housing. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Expanders seeking immediate, passive revenue streams.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3888 Solstice Subject | $525,000* List Price | 8 | 4 | 3,286 | $141 | - |
A 1216 Aups Court Sold | $455,300 | 6 | 4 | 3,576 | $127 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005 (21 years old), the property falls into the 'Fair' category as it is over 20 years old and shows visible signs of heavy wear and tear consistent with its use as an 8-bedroom rental. While bathrooms have been updated, the images show significant scuffing on doors and worn flooring, indicating a need for cosmetic repairs and likely nearing the end of life for original HVAC/systems.
The property is a turnkey investment generating approximately $4,000 net monthly income with existing tenants and rental agreements already in place.
Professionally converted from a 3-bedroom to an 8-bedroom, 4-bathroom configuration, maximizing rental yield and accommodating high-demand shared housing needs.
Situated on a spacious 9,833 sqft corner lot next to open space, the property features a 3-car garage and an oversized driveway to support multiple occupants.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 3.
The intensive conversion to an 8-bedroom shared living space may limit resale appeal to traditional families and could present challenges with standard residential financing.
Managing an 8-bedroom co-living setup involves higher tenant turnover and increased maintenance oversight compared to a traditional single-family rental.
CASH-FLOWING INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME! This unique income-producing property offers a rare opportunity for investors seeking immediate monthly cash flow with tenants and rental agreements already in place. Originally designed as a 3-bedroom, 2-bathroom home, the property has been professionally converted into an 8-bedroom, 4 full bathroom shared housing setup, maximizing rental income potential in today’s high-demand housing market. Positioned on a spacious corner lot next to open space and walking paths, this large two-story home features multiple private rooms, shared common areas, a functional kitchen with ample cabinetry, open dining space, indoor laundry, and a flexible floorplan designed for multi-tenant occupancy. The property currently generates approximately $4,000 NET income per month at full occupancy, making it an ideal turnkey investment for buyers seeking passive income, house-hacking opportunities, assisted living potential, student housing, workforce housing, or portfolio expansion. The home includes a desirable 3-car garage, oversized driveway for additional parking, and multiple updated bathrooms throughout. Several areas of the home have been adapted to support separate occupants while maintaining comfortable shared living spaces. The backyard offers additional outdoor enjoyment with covered patio space and privacy fencing. Located near parks, commuter routes, shopping, schools, and local amenities, this property combines strong rental performance with long-term upside potential. Opportunities like this are difficult to find, especially with existing tenants already in place and producing income from day one. Whether you're a seasoned real estate investor, first-time income property buyer, or someone looking to expand into co-living rental opportunities, this property delivers immediate revenue and future growth potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 99% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 3,286 | 1,705 | 98% |
| Lot Size | 9,833 | 6,043 | 90% |
| Price | $525.0K | $423.9K | 88% |
| Price per sq ft | $160 | $248 | 3% |
| Built year | 2005 | 2013 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 169 | 2% |
May 14, 2026
$525,000
Initial Listing
Aug 15, 2023
$410,000
Public Record
Jun 29, 2005
$346,000
Public Record