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.
Active
$3,490,000
3622 N State Highway 59, Merced, CA 95348
--beds
0baths
10.73Acres
Residential Acreage
Built in ----
10.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 229 days |
- 26 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Jaswant Pannu DRE #01823177 408-340-0157,
JRP Realty Group
Source: MetroList Services of CA,MLS#: 226000354Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 10.73 Acres
- Features: Shape Regular
- Topography: Level,Level
- Residential vegetation: None
Details
- Parcel number: 206050017000
- Zoning: Planned Development
- Zoning description: Planned Unit Development,Multi-Residential,See Remarks
- Special conditions: Offer As Is
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Merced
Financial & listing details
- Price range: $3.5M - $3.5M
- Date on market: 1/2/2026
- Income includes: See Remarks
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Price change | $3,490,000-10.5% |
Source: MetroList Services of CA #226000354 Report a problem | ||
| 12/5/2024 | Listed for sale | $3,900,000 |
Source: MetroList Services of CA #224130899 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 95348
Nearby schools
GreatSchools rating
- 5/10Joe Stefani Elementary SchoolGrades: 3-6Distance: 1.9 mi
- 3/10Rudolph Rivera Middle SchoolGrades: 7-8Distance: 1.1 mi
- 5/10El Capitan HighGrades: 9-12Distance: 2.9 mi
- $1,522,833-- bd-- ba-- sqft3622 N Highway 59, Merced, CA 95348Off Market
- $432,9005 bd3 ba2.3k sqft1522 La Sierra St, Merced, CA 95348Off Market
- $458,7004 bd3 ba2.2k sqft1512 La Sierra St, Merced, CA 95348Off Market
- $412,7004 bd2 ba2k sqft1528 La Sierra St, Merced, CA 95348Off Market
- $381,0003 bd2 ba1.4k sqft1504 La Sierra St, Merced, CA 95348Off Market
- $386,4003 bd2 ba1.6k sqft1534 La Sierra St, Merced, CA 95348Off Market
- $423,3003 bd2 ba1.6k sqft1496 La Sierra St, Merced, CA 95348Off Market
- $454,0004 bd3 ba2.6k sqft1540 La Sierra St, Merced, CA 95348Sold
A local agent can set up tours, give advice and negotiate with sellers.
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