488 E Childs Avenue, Merced, California 95341, Merced, 95341 - 2 bed, 1 bath
Loading property details...
488 E Childs Avenue
Merced, California 95341
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
894Sq Ft
40,792Lot Size
Property Price
LIST PRICE$478,000
SUMMARY
Analysis of 488 E Childs Avenue, Merced, California 95341 is currently available with a list price of $478,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1930, the property has received recent cosmetic updates including new LVP flooring and fresh interior paint. However, the kitchen and bathrooms remain dated with older cabinetry and fixtures. The presence of a portable AC unit suggests the lack of a modern central HVAC system. While functional and move-in ready, the structure shows its age, and the listing's focus on land value and 'bringing tools' aligns with a property needing further modernization.
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 = 40792, living area = 894.
- Significant Development Potential
The property sits on a massive 0.94-acre lot zoned R2, providing a rare opportunity to build a second home, ADU, or potentially a third unit to maximize rental income and property value.
- Turnkey Interior
The existing residence has been fully remodeled, offering a modern and updated living space that allows for immediate occupancy without the need for initial renovation costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =40792, other record lot size in square feet = 43163. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 5.
- Discrepancy in Official Records
The property is marketed as a 3-bedroom, 2-bathroom home, but city records only reflect 2 bedrooms and 1 bathroom, which could create challenges with financing, appraisals, and permitting.
- Small Primary Footprint
At only 894 square feet, the primary living structure is quite small relative to the lot size, which may limit its appeal to larger families or buyers requiring more interior square footage.
About 488 E Childs Avenue
Come and see this R2 property with almost one acre lot with super low price $479k. this is an excellent oportunity to find.Why pay rent when you can buy.In the future you can build a second home and make more cash flow.Super excellent for retirement.A big lot rare to find at this low price.Close to shopping stores and eazy to commute.You can even ask the county if possible a third property available to build.Bring all the tools and start building a second property.With a bonus studio or ADU.Even the city say it has 2 and one bathroom but property has 3 bedrooms and 2 full bathrooms. Everything has been remodeled.This property even it only has one unit.It could have tow units.This is a duplex zone.One Property rented for $1800 per month and the other property is vacant. OPEN HOUSE 9/5/2026 3PM-6PM
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 40,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 894 | 1,694.749 |
| Lot Size | 40,792 | 6,619.141 |
| Price | $478.0K | $413.1K |
| Price per sq ft | $535 | $254 |
| Built year | 1930 | 2002 |
| HOA | $0 | $108 |
| Days on market | 57 | 66 |
Pricing History
Listed for Sale
Aug 6, 2026
$478,000
$479,000
+0% Price Increase
Initial Listing
Price Change
Jul 14, 2026
$479,000
Initial Listing
Sold
Mar 11, 2025
$280,000
Public Record