4240 Los Olivos Rd, Merced, California 95340, Merced, 95340 - 4 bed, 2 bath
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4240 Los Olivos Rd
Merced, California 95340
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,561Sq Ft
361,548Lot Size
Property Price
LIST PRICE$1,600,000
SUMMARY
8.3-acre development site near UC Merced. Property is zoned for a 7 Lot subdivision and goes through to Lake Rd. Perk tests are complete. MID water. The home has a steel-and-wood frame with adobe block walls. Brand-new roof, Windows with a lifetime warranty, and a gorgeous Redwood gazebo with a permanent matching table. One of the best locations in North Merced. 4 Bed 2 Bath 2561 sq ft home with a fully finished barn. Beautiful views of the Sierras. Luxury lot on the top of the hill is 2.27 acres approx. Pre-opened with Peg from Transcounty Title
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1970, the home is structurally sound with a brand-new roof and windows, but the interior is significantly dated. The kitchen features older oak cabinetry, fluorescent light boxes, and tile countertops that appear to be over 30 years old, requiring cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 361548, living area = 2561.
- Significant Development Potential
The property is already zoned for a 7-lot subdivision with completed perk tests and MID water access, offering a turnkey opportunity for residential development.
- Prime Hilltop Location
Situated in a prestigious North Merced location near UC Merced, the 8.3-acre lot sits at the top of a hill, providing exceptional views of the Sierra Mountains.
CONSRISKS & DEFICIENCIES
- High Entry Price
At $1.6 million, the property requires a substantial capital investment that may limit the buyer pool to experienced developers or high-net-worth individuals.
- Unique Construction Style
The 1970s adobe block wall construction, while durable, may present challenges for modern interior remodeling or appeal to a narrower segment of traditional home buyers.
About 4240 Los Olivos Rd
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 361,548 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,561 | 1,698.064 |
| Lot Size | 361,548 | 6,572.897 |
| Price | $1.60M | $415.4K |
| Price per sq ft | $625 | $253 |
| Built year | 1970 | 2002 |
| HOA | $0 | $108 |
| Days on market | 61 | 68 |
Pricing History
Listed for Sale
Aug 24, 2026
$1,600,000
Initial Listing
Sold
Jul 26, 2002
$800,000
Public Record