1680-1695 Ellen Ave - Apartments FOR SALE


Merced, CA 95341
$2,450,000 USD
818-456-7846
1680-1695 Ellen Ave, Merced, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/17
null | 7.2% Cap Rate

1680-1695 Ellen Ave
Merced, CA 95341


HIGHLIGHTS

  • Portfolio Sale - All 3 Properties to be Sold Together
  • 22 Units Across 3 Parcels - On Site Manager Not Required
  • 8 Vacant Units - All Remodeled/Updated
  • 90% Two Bedroom Units - 8 Townhome Style
  • Easy Access to 99 Freeway
  • Walking Distance to Golden Valley High School

OVERVIEW

Equity Union Commercial is pleased to present this 22-unit, 3-parcel multifamily investment opportunity. Located at 1680, 1685, and 1690 Ellen Avenue in Merced, California. This subject property consists of a total of four buildings across from each other. 1685 (APN:035-123-023) is a 14-unit apartment building built in 1979. 1680 (APN:035-124-032) is a 4-unit apartment building built in 1964 as well the mirror building next door at 1690 (APN:035-124-031). These apartment buildings on Ellen Ave total to 22 units. There is a total of 19,236 rentable SF with a lot size of 33,471 SF. There are 24 parking spots throughout the entire area with street parking available as well. There are several laundry facilities and most units have central air or wall units. Man units have been upgraded over the years, 8 units have been remodeled in 2026. Most units in 1680-1690 have hardwood floors and some units have private backyards. Located just south of the I-140 between the I-99 and Parsons Ave, this subject property is located in a high rental demand area nearby Golden Valley High School and right behind Rancho San Miguel Supermarket.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

22

PRICE/UNIT

$111,364

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

N/A, Merced

APN/PARCEL ID

035-123-023,035-124-031,035-124-032

ASK ABOUT THIS PROPERTY

Andy KawatraEquity Union CommercialMore Info
818-456-7846

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Andy KawatraEquity Union CommercialMore Info
818-456-7846

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.