3622 N State Highway 59 Merced, CA 95348
Estimated payment $19,707/month
About This Lot
Approved multifamily development opportunity in the City of Merced. The property features entitled plans for 18 buildings totaling 132 apartment units, along with a dedicated communal facility. The project is designed with modern layouts, efficient floor plans, and private balconies, offering a high-quality residential experience. The site is zoned Planned Development (PD #46) with a General Plan designation of High-Medium Density, supporting strong multifamily potential. Planned amenities include a fitness center, swimming pool, and clubhouse, enhancing long-term tenant appeal. Ideally located in North Merced, with close proximity to UC Merced, major transportation corridors, dining, and retail. A rare, shovel-ready investment opportunity in a rapidly growing market with strong rental demand.
Property Details
Property Type
- Land
Lot Details
- 10.73 Acre Lot
- Property fronts a highway
- Building or Site Plan Approved
- Possible uses of the property include See Remarks
- Property is zoned Planned Development, Planned Unit Development,Multi-Residential,See Remarks
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 206-050-017-000
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,961 | $1,522,833 | $1,522,833 | -- |
| 2024 | $15,961 | $1,492,974 | $1,492,974 | -- |
| 2023 | $15,739 | $1,463,700 | $1,463,700 | $0 |
| 2022 | $1,125 | $102,195 | $102,195 | $0 |
| 2021 | $1,122 | $100,192 | $100,192 | $0 |
| 2020 | $1,129 | $99,165 | $99,165 | $0 |
| 2019 | $1,106 | $97,221 | $97,221 | $0 |
| 2018 | $1,008 | $95,315 | $95,315 | $0 |
| 2017 | $1,046 | $93,447 | $93,447 | $0 |
| 2016 | $1,030 | $91,615 | $91,615 | $0 |
| 2015 | $1,014 | $90,239 | $90,239 | $0 |
| 2014 | $992 | $88,472 | $88,472 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $3,490,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Grant Deed | $1,435,000 | Cypress Title | |
| Quit Claim Deed | -- | None Available |
Source: MetroList
MLS Number: 226000354
APN: 206-050-017
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