For Sale

2790 State Highway 59 , Merced, CA 95348

2790 State Highway 59 , Merced, Merced, CA, 95348
2 months ago
Views: 41

$2,250,000(Negotiable)

Overview

3482365

Type

5 or More Units

Parking

Yes

Build Year

1994

Purpose

For Sale

About This Listing

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.

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MetroList CA data Last Updated: December 1, 2025, 10:21 pm

Data Source: SACM