Property Details
About this Property
Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.
MLS Listing Information
MLS #
ME225148029
MLS Source
MetroList Services, Inc.
Days on Site
4
Interior Features
Appliances
Other
Flooring
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Foundation
Other
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
High School District
Merced Union High
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 2 | 1/0 | $975 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2790 N State Highway 59 is a Residential Income in Merced, CA 95348. This 0 square foot property sits on a 0.414 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,250,000 and was built in –. This address can also be written as 2790 N State Highway 59, Merced, CA 95348.
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This listing information is up-to-date as of December 01, 2025. For the most current information, please contact Sonny Uppal, (209) 585-6349
