23 Unit Multi Family Complex – Court Ordered – 127, 139, 151 W. 18th Street, Merced , CA 95310

AUCTION FINAL BID DATE - APRIL 23, 2025 NOON PT
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Investment Highlights

Excellent Location
The subject property is located on the north side of West 18th Street, Merced, Merced County, California. The property is located between I Street & G Street in Downtown Merced, and is one block west of Yosemite Independence High School, and approximately 1,000 yards north of the 99 Freeway. Merced is located between San Jose and the Sierra National Forest, the city of Merced features a distinct downtown district with local restaurants, markets, and small businesses. In Downtown Merced, residents have access to the Merced Multicultural Arts Center and the Merced County Courthouse Museum. The city also has excellent public schools.

Strong Unit Mix
Del Mar Apartments features 23 apartments in three, single story buildings. The building comprises (23) One bedroom/One bathroom Units.

Amenities
The subject property consists of two, 1-story buildings, one a U-shape with an interior courtyard with parking spaces in front of the units, and an L-shaped building with parking spaces in front of the units. According to Costar records the property is known as Del Mar Apartments. The property comprises:

  • 23-units, (23)-1-bedroom & 1-bathroom units
  • Gross built area is 16,615 square feet on a rectangular shaped site area of 30,000 square feet
  • Property amenities include laundry facilities, a property manager on site, a security system & storage space
  • Apartment unit features according to Costar include Dishwater, Refrigerator, Disposal, Oven, Range, Carpet & Hardwood Flooring, Tub/ Shower & A/C
  • Construction is masonry & wood with pitched composition roofs, which provided a cover over the walkway in front of each unit
  • The property is zoned R4.

UD action in process for these tenants

127 W 18th St, Merced, CA 95340

  • Kevin Souza (Unit 6): $3,300

151 W 18th

  • Evie Brandit (Unit 1): $2,895

Investment Overview

  • Property Address: 127, 139, 151 W. 18th Street, Merced , CA 95310
  • Property Type: Multi-family residential
  • 1 Bedroom/1 Bathroom Units: 23
  • Number Of Buildings: 3
  • Number Of Stories: 1
  • Parcel ID: 013-082-1016- 0 0 00
  • Lot Size: 30,000 SF
  • Building Area: 16,615 SF
  • Total Site Area: 30,000 SF
  • Zoning: R-4
  • Exterior Construction: Stucco
  • Roof: Gable roof with shingle covering

  • BIDS DUE PRIOR TO OR ON APRIL 23, 2025 NOON PT
  • SUGGESTED STARTING BID $625,000
  • APPRAISED VALUE OF $1,300,000

 Open House Showings

  • March 26th: Open House at 11:00 AM – 2:00 PM
  • April 16th: Open House at  11:00 AM – 2:00 PM

SUGGESTED STARTING BID:
$625,000