4240 Los Olivos Rd, Merced, California 95340, Merced, 95340 - 4 bed, 2 bath
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Merced, California 95340
Analysis of 4240 Los Olivos Rd, Merced, California 95340 is currently available with a list price of $1,600,000. 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.
Built in 1970, the property is well-maintained but largely outdated. The kitchen features older oak cabinetry and tile countertops, though it has some newer stainless steel appliances. The bathrooms and flooring (a mix of older carpet and tile) show significant age, and the adobe block interior walls reflect a dated aesthetic. While the home is functional and move-in ready, it has not undergone a comprehensive renovation in the last 15-30 years, placing it firmly in the fair category.
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.
The property offers a rare investment opportunity with potential for a 6-lot or 4-lot subdivision, supported by already completed perk tests for septic systems.
Positioned in a highly sought-after North Merced neighborhood near UC Merced, this location provides both prestige and strategic proximity to the university.
The reliance on septic systems rather than municipal sewer may increase development costs and complexity for a multi-lot subdivision.
Built in 1970 with adobe block walls, the home may require specialized maintenance or significant modernization to appeal to buyers seeking contemporary energy efficiency and aesthetics.
Property has potential for a 6-lot subdivision or an easy 4-lot minor subdivision. Perk tests are complete for septic. The home has a steel-and-wood frame with adobe block walls. One of the best locations in North Merced. Near UC. Approx 8.3 acres. 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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,561 | 1,574 | 89% |
| Lot Size | 361,548 | 7,500 | 99% |
| Price | $1.60M | $377.0K | 99% |
| Price per sq ft | $625 | $246 | 99% |
| Built year | 1970 | 1964 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 162 | 2% |
Apr 17, 2026
$1,600,000
Initial Listing
Jul 26, 2002
$800,000
Public Record