Last Sold Price
2 beds960 sqft$318/sqft
2324 Q St, Merced, CA 95340

Description

This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing...This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.
LISTING CLOSED: 12/14/2023 12:00 AM

  1. Listed by Colin Hoogendoorn • DRE #02221855 • HomeSmart PV & Associates
    P: (209)-815-2887 colinhoogendoorn6@gmail.com

Property Details for 2324 Q Street

Status
MLS #
223104934
Days on Compass
7
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1945
Lot Size
0.11 AC / 5,000 SF
Parking Features
Off Street, Carport, Garage, Guest Parking Avail
Zoning
R 1-6

Location

Listing Courtesy of HomeSmart PV & Associates, Colin Hoogendoorn, DRE #02221855

Sold By HomeSmart PV & Associates, Diana Markas-Khamo, DRE #02158213

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Building Information for 2324 Q Street

Stories2Residences2Year Built1945Building Size-Lot Size0.11 AC / 5,000 SF

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Property Information for 2324 Q Street

Summary
Location and General Information
  • Area/District: 20407
  • Area Short Display: 20407
  • Cross Street: 23rd Street
  • City: Merced
  • County: Merced
  • State: CA
  • Zip Code: 95340
  • Directions to Property: Turn left onto R St Turn right onto W 23rd St Turn left onto Q St In 200ft destination will be on the right
Taxes and HOA Information
  • APN: 030-161-012-000
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Merced
  • Elementary School District: Merced City
  • Middle or Junior School District: Merced City
  • Senior High School District: Merced Union High
Parking
  • Covered Spaces: 6
  • Independent Parking Spaces: 0
  • Carport Spaces: 4
  • Garage Spaces: 2
  • Total Parking Spaces: 6
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
Sale and Listing
  • On Market Date: 10-30-2023
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Agent-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.1148
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 5000.0
  • Lot Features: Shape Regular
  • Living Area: 960.0
  • Price Per Square Foot: $317.71
  • Price Per Acre: $2,656,794.43
Property and Assessments
  • Property Condition: Updated/Remodeled
  • Home Warranty: false
  • Irrigation: Public District
  • Year Built: 1945
  • Picture Count: 19
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Census Tract: 13.01
  • Actual or Scheduled: Scheduled
  • Bonds Assessments Taxes: Unknown
  • Concessions: Yes
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City, Electric
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 1
  • Construction Materials: Stucco, Frame
  • Foundation: Concrete, Concrete Perimeter
  • Levels: Two
  • Exterior Features: Fenced Yard, Yard Space
  • Horse Property: false
  • Pool: false
  • Roof: Composition
  • Senior Community: false
Interior Features
  • Heating: Wall Furnace
  • Appliances: Free Standing Refrigerator, Built-In Gas Oven, Built-In Gas Range, Free Standing Freezer
  • Laundry Features: In Common Area
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Window Unit(s)
  • Flooring: Vinyl
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 2
  • # Of Units Total: 2
  • Num of Units: 2
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent Source: Owner
  • Unit 1 Rent: $1,000.00
  • Unit 1 Approx SqFt: 960.0
  • Unit 1 SqFt Source: Owner
  • Unit 1 # of Rooms: 1
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Description: 1 bedroom 1 bath unit, Recently remodeled. Currently vacant rent projected at $1300.00
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Vacant
  • Unit 2 Rent Source: N/A
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 960.0
  • Unit 2 SqFt Source: Owner
  • Unit 2 # of Rooms: 1
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only
  • Operating Expense Includes: Professional Management, Property Tax, Trash, Water/Sewer
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Cable TV, Electricity, Gas
  • Current Rent: $.00

Property History for 2324 Q Street

DateEvent & SourcePriceAppreciation
Dec 14, 2023

Sold

METROLIST #223104934

$305,000
Dec 11, 2023

Sold (Public Record)

Public Record #1524425134

$305,000

+15.7% / yr

Nov 6, 2023

Pending

METROLIST #223104934

DateEvent & SourcePrice
12/14/2023

Sold

METROLIST #223104934

$305,000
12/11/2023

Sold (Public Record)

Public Record #1524425134

$305,000

+15.7% / yr

11/06/2023

Pending

METROLIST #223104934

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2324 Q Street

Taxable ValueLand$96,900Additions$215,400Total$312,300
Tax Record2025$3,473 ($289 / month)
Home Facts
Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories1Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated1980CountyMERCEDAPN030-161-012-000

Schools near 2324 Q Street

This home is within Merced City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 3 to 6
Rating
School
Distance
John C. Fremont Charter School
PublicK to 6

Herbert Hoover Middle School
Public7 to 8

Merced High School
Public9 to 12

Joe Stefani Elementary School
Public3 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart PV & Associates, Colin Hoogendoorn, DRE #02221855

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