The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	156
Lot Size Acres	6.39

Investment Highlights

Strong Multifamily Fundamentals
Across from Merced Marketplace
Close Proximity to Higher Education and Employment
Strong City Support, Street Access, Utilities to Site
Supply Constrained Market

Property Description

THE MOGHAREBI GROUP is pleased to present the opportunity to acquire 156 proposed units in Merced, CA. The site is comprised of approximately 6.39 acres on multiple parcels located at Devonwood and Oakley. The City of Merced in on board for providing multifamily housing. The seller has performed offsite work and utilities are connected to the site.

2965 Maverick Lane
Merced, CA 95348

The site is only two miles from UC Merced which has almost 9,000 students and over 1,600 jobs. Additionally, it is only 1.5 miles from Mercy Medical Center and its 1,200 jobs, making it the 3rd largest employer in Merced after the County and UC Merced.