100% Occupied!!! Exceptional investment opportunity in Merced, CA! This well-maintained 8-unit apartment building features (8) spacious 2-bedroom, 1-bathroom units, each approximately 850 square feet. The property offers a strong unit mix that appeals to long-term tenants, making it an ideal addition to any investor’s portfolio. Each unit provides functional floor plans with comfortable living spaces, sizable bedrooms, and practical layouts designed for everyday living. With consistent rental demand in the Merced area and proximity to shopping, schools, public transportation, and UC Merced, this property is well-positioned for stable occupancy and future growth. Whether you’re looking to expand your portfolio or complete a 1031 exchange, this multi-family asset offers solid income potential in a growing Central Valley market.
East Merced, located between Yosemite Avenue and G Street, is a residential and commercial Merced neighborhood with broad arterial boulevards and a campus-adjacent feel. The neighborhood’s energy concentrates around the Yosemite Avenue and G Street corridor, where taquerias, boba counters, small groceries, and late-night bites keep the sidewalks active. Housing ranges from mid-century ranch homes to newer subdivisions with wide driveways and tidy front yards. Tree-lined pockets break up the grid, while shopping centers and service plazas shape daily routines. Community touchstones include the Merced Multicultural Arts Center, the Merced County Courthouse Museum, and the Merced Theatre downtown.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Carbon monoxide detectors
Smoke detectors
Ground-floor entry
Bedrooms
All units are 2-bedroom (each unit listed as 2 beds)
Bathrooms
Each unit has 1 full bathroom
Kitchen
Refrigerators provided in 8 units
Electric ranges provided in 8 units
Garbage disposals provided in 8 units
Laundry & utility
Laundry area in closet/area
Washer included
Dryer included
Heating & cooling
Central heating (furnace)
Central cooling
Exterior features
Landscaped yard and backyard
Wood and wrought-iron fencing
No pool
Has a view
Home design
Attached multi-unit property
Two-story buildings (total of 2 stories across property)
Parking
Total of 14 parking spaces
8 covered carport spaces
6 uncovered spaces
Concrete and asphalt driveways
Assigned parking and guest parking
Construction
Frame and stucco construction
Composition roof
Concrete slab foundation
Estimated year built
Utilities
220V electrical throughout
Public sewer
District/public water
HOA & community
Community features include curbs and street lighting
Financial info
Gross scheduled income: $60,373
Net operating income: $38,685
Operating expenses: $21,688
Total expenses: $12,550
Insurance expense: $7,464
Gardener expense: $1,120
Pest control expense: $1,080
Trash expense: $275
Tenant pays gas and electricity
6 of 8 units currently leased
Other
Property contains 8 total units across 2 buildings
8 separate gas meters and 8 separate electric meters
Total building area reported as 6,800
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Merced County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jan 18, 2025.
R-2
Two-Family Residential Zone
The purpose of the R-2 Two-Family Residential Zone is to provide for areas with a full range of urban services for two residential dwellings per parcel in the form of two detached single-family dwellings, duplexes, town houses, and other forms of medium-density residential development, and to maintain a residential character similar to that found in single-family neighborhoods. The intent is to ensure compatibility of duplex-type development with surrounding multi-and single-family residences and the local neighborhoods. This zone implements the Medium Density Residential MDR land use designation in the General Plan.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Single unit
Housing-Senior
Housing-Other
Office-Other
Educational/school
Agriculture-Cropland
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
38 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95340
Average low and high temperatures (°F)
59
39
63
44
70
47
73
49
82
55
91
61
93
61
96
64
90
62
79
54
63
46
55
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1962-1976 Edwards
There isn’t enough information to generate an accurate estimate at this time. Learn More