CASH-FLOWING INVESTMENT OPPORTUNITY WITH BUILT-IN INCOME!
This unique income-producing property offers a rare opportunity for investors seeking immediate monthly cash flow with tenants and rental agreements already in place. Originally designed as a 3-bedroom, 2-bathroom home, the property has been professionally converted into an 8-bedroom, 4 full bathroom shared housing setup, maximizing rental income potential in today’s high-demand housing market.
Positioned on a spacious corner lot next to open space and walking paths, this large two-story home features multiple private rooms, shared common areas, a functional kitchen with ample cabinetry, open dining space, indoor laundry, and a flexible floorplan designed for multi-tenant occupancy. The property currently generates approximately $4,000 NET income per month at full occupancy, making it an ideal turnkey investment for buyers seeking passive income, house-hacking opportunities, assisted living potential, student housing, workforce housing, or portfolio expansion.
The home includes a desirable 3-car garage, oversized driveway for additional parking, and multiple updated bathrooms throughout. Several areas of the home have been adapted to support separate occupants while maintaining comfortable shared living spaces. The backyard offers additional outdoor enjoyment with covered patio space and privacy fencing.
Located near parks, commuter routes, shopping, schools, and local amenities, this property combines strong rental performance with long-term upside potential. Opportunities like this are difficult to find, especially with existing tenants already in place and producing income from day one.
Whether you're a seasoned real estate investor, first-time income property buyer, or someone looking to expand into co-living rental opportunities, this property delivers immediate revenue and future growth potential.
For sale
Listed by: EXP Realty of California, INC
Price cut: $10K (6/18)
$515,000
3888 Solstice Ave, Merced, CA 95348
8beds
3,286sqft
Single Family Residence
Built in 2005
9,833 Square Feet Lot
$-- Zestimate®
$157/sqft
$-- HOA
What's special
Large two-story homeShared common areasOpen dining spaceMultiple updated bathrooms throughoutPrivacy fencingSpacious corner lotIndoor laundry
- 41 days |
- 539 |
- 24 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kellie Leach DRE #02091652 209-628-1553,
EXP Realty of California, INC
Source: CRMLS,MLS#: MC26105349
Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 4
Rooms
- Room types: Kitchen, Laundry, Living Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Range, Microwave, Refrigerator
- Laundry: Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,286 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: front door
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 9,833 Square Feet
- Features: Back Yard, Front Yard
Details
- Parcel number: 206136002000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Merced
Financial & listing details
- Price per square foot: $157/sqft
- Tax assessed value: $418,200
- Annual tax amount: $5,796
- Date on market: 5/14/2026
- Cumulative days on market: 42 days
- Listing terms: Contract,Submit
Estimated market value
Not available
Estimated sales range
Not available
$2,930/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Price change | $515,000-1.9%$157/sqft |
Source: MetroList Services of CA #226061605 Report a problem | ||
| 5/14/2026 | Listed for sale | $525,000+19.3%$160/sqft |
Source: eXp Realty #MC26105349 Report a problem | ||
| 4/12/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/11/2023 | Listed for rent | $1,200-52.7% |
Source: Zillow Rentals Report a problem | ||
| 9/11/2023 | Listing removed | $2,535$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/28/2023 | Listed for rent | $2,535$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Listing removed | -- |
Source: | ||
| 8/17/2023 | Pending sale | $440,000+7.3%$134/sqft |
Source: | ||
| 8/15/2023 | Sold | $410,000-6.8%$125/sqft |
Source: MetroList Services of CA #223053852 Report a problem | ||
| 8/3/2023 | Listed for sale | $440,000$134/sqft |
Source: | ||
| 8/3/2023 | Pending sale | $440,000$134/sqft |
Source: MetroList Services of CA #223053852 Report a problem | ||
| 7/7/2023 | Listed for sale | $440,000$134/sqft |
Source: MetroList Services of CA #223053852 Report a problem | ||
| 6/25/2023 | Pending sale | $440,000$134/sqft |
Source: MetroList Services of CA #223053852 Report a problem | ||
| 6/13/2023 | Listed for sale | $440,000+27.2%$134/sqft |
Source: MetroList Services of CA #223053852 Report a problem | ||
| 6/29/2005 | Sold | $346,000$105/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,796 +5.1% | $418,200 +2% |
| 2024 | $5,513 -9.3% | $410,000 -11.6% |
| 2023 | $6,080 +2% | $463,551 +2% |
| 2022 | $5,960 +12.2% | $454,463 +15.3% |
| 2021 | $5,310 +6.5% | $394,000 +9.6% |
| 2020 | $4,985 -3.1% | $359,500 -3.9% |
| 2019 | $5,147 +10.1% | $374,000 +4.2% |
| 2018 | $4,675 +0.3% | $359,000 +5.6% |
| 2017 | $4,659 +1.4% | $340,000 +1.5% |
| 2016 | $4,592 +15.7% | $335,000 +5.7% |
| 2015 | $3,969 | $317,000 +12.4% |
| 2014 | $3,969 +18% | $282,000 +20.5% |
| 2013 | $3,362 | $234,000 +10.9% |
| 2012 | -- | $211,000 +6.6% |
| 2011 | -- | $198,000 +36.6% |
| 2010 | -- | $145,000 -31% |
| 2009 | -- | $210,000 -35.4% |
| 2008 | -- | $325,000 -9.7% |
| 2007 | -- | $359,978 +2% |
| 2006 | -- | $352,920 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 95348
Nearby schools
GreatSchools rating
- 5/10Joe Stefani Elementary SchoolGrades: 3-6Distance: 2.7 mi
- 3/10Rudolph Rivera Middle SchoolGrades: 7-8Distance: 0.8 mi
- 5/10El Capitan HighGrades: 9-12Distance: 2.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Local buyer's agents are ready to help
- California
- Merced County
- Merced
- 95348
- 3888 Solstice Ave




