Compass Point 2 | 3720 Horizon Ave
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Compass Point 2 3720 Horizon Ave
128 Unit Apartment Building For Sale Merced, CA 95348
Investment Highlights
- New Construction
- Desirable Merced Location
- Within 5.5 miles of UC Merced
- Great Unit Mix
- Numerous Retail Amenities in close proximity
- Motivated Seller
Executive Summary
Compass Pointe 2 is a 128 unit multi-family project that is approximately 65% complete. The lender has recently foreclosed on the property and is motivated to make a deal with a qualified buyer. The property is located in the Central California city of Merced, home of the newest University of California campus. Compass Pointe 2 is centrally located in the most desirable area of Merced with numerous retail amenities within very close proximity. The rapidly UC Merced campus is about 5 miles from the project which provides affordable housing for students and faculty. Compass Pointe 2 consists of sixteen separate two-story buildings with an appropriate mix of 1, 2 and 3 bedroom units. Tenants will enjoy the use of a large clubhouse which includes a fitness center; meeting rooms and an outdoor pool & spa. Lender will respond to all offers.
Property Facts Under Contract
| Sale Type | Investment | Building Class | B |
| Sale Conditions | REO Sale | Lot Size | 10.43 AC |
| No. Units | 128 | Construction Status | Under Construction |
| Property Type | Multifamily | Building Size | 131,960 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2025 |
| Sale Type | Investment |
| Sale Conditions | REO Sale |
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.43 AC |
| Construction Status | Under Construction |
| Building Size | 131,960 SF |
| No. Stories | 2 |
| Year Built | 2025 |
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Clubhouse
- Fitness Center
- Pool
- Spa
- Conference Rooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | - |
| 2+2 | 56 | - | - |
| 3+2 | 44 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $7,590,000 | |
| Land Assessment | $2,122,412 | Total Assessment | $9,712,412 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,122,412
Improvements Assessment
$7,590,000
Total Assessment
$9,712,412
zoning
| Zoning Code | R (Residential) |
| R (Residential) |
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Compass Point 2 | 3720 Horizon Ave
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