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2790 N State Highway 59

Merced, CA 95348

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$2,250,000

24 bd
  |  
1 ba
  |  
0.41 acre

2790 N State Highway 59

Merced, CA 95348

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Listed On: 12/01/2025
Status: Active
Listing Number: 225148029 (Metrolist MLS)

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Contact Info

Presented By:

London Properties, Ltd.
London Properties, Ltd. 209.725.2100 Email Agent
Property Description
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.
Property Type
ResidentialIncome
Property Subtype 1
5 or More Units
Subtype Description
Apartments
Year Built
1994
Year Built Source
Other
Stories
2
# of Buildings
2
Total Units
12
# of Floors
2
Directions to Property
USE GPS
Cross Street
Cooper ave
County
Merced
Special Listing Conditions
None
Construction Materials
Wood
Foundation
Other
Heating
Central
Cooling
Central
Laundry Features
Other
Flooring
See Remarks
Total Units
12
# of 2 Bedroom Units
12
# of 3 Bedrooms Occupied
12
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 Rent
975
Unit 1 Rent Source
Owner
Unit 1 Occupancy
Tenant
Unit 1 Lease Term
Month to Month
Utilities
City
Irrigation
None
Water Source
Public
Sewer
Public Sewer
Parking Features
See Remarks
Total Parking Spaces
15.00
Lot Features
Other
APN
058 110 013 000
Zoning Description
R3
List AOR
MetroList Services, Inc.
Association
No
School District (County)
Merced
Elementary School District
Merced City
Middle or Junior School District
Merced City
Senior High School District
Merced Union High
Total # Leasable
12
Income Includes
Rent Only
3 Bedroom Rent Range
1043
3 Bedroom Annual Occupancy
100
Lease Term
Month To Month
Census Tract
10.05

Courtesy of Sonny Uppal, Adroit Real Estate
IDX provided by Reliance Marketing

Metrolist
Terms of Use

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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