1250 W. Cardella Rd. Approved 160-Unit Apartment Development
Land | 8.51 acres
Marketing description
This 8.51-acre gross (7.66-acre net) site in North Merced, at 1250 W. Cardella Road, is fully entitled to a 160-unit apartment complex, or roughly 18 units per acre. On December 17, 2025, the City of Merced granted the project's Conditional Use Permit, significantly lowering the risk of entitlement and timing. With 276 parking spots, guarded entry, and compliant emergency access, the preliminary site plan shows effective land use with a balanced unit mix among two- and three-story buildings. A clubhouse, swimming pool, dog park, and open green space are just a few of the planned facilities that improve long-term asset value and tenant appeal. The project is well-positioned to take advantage of ongoing residential demand in a developing North Merced submarket.
Investment highlights
1. Entitled 160-Unit Multifamily Development Opportunity
This 8.51-acre gross (7.66-acre net) site is entitled for a 160-unit apartment complex, with a Conditional Use Permit granted by the City of Merced on December 17, 2025. This significant milestone reduces entitlement risk and accelerates the development timeline.
2. High Density with Efficient Land Use
The project allows for approximately 18 units per acre, optimizing land use with a well-balanced mix of two- and three-story buildings. This density is ideal for meeting the growing housing demand in the area.
3. Comprehensive Site Plan
The preliminary site plan includes 276 parking spots, a guarded entry, and compliant emergency access, ensuring safety and convenience for residents. The layout is designed for effective land use, maximizing both functionality and aesthetics.
4. Attractive Amenities to Enhance Tenant Appeal
The development will feature a clubhouse, swimming pool, dog park, and open green space. These amenities are strategically planned to enhance tenant satisfaction, drive higher rental rates, and improve long-term asset value.
5. Prime Location in a Growing Submarket
Situated in the developing North Merced submarket, this project is well-positioned to capitalize on ongoing residential demand. The area is experiencing growth due to its proximity to employment centers, educational institutions, and essential services.
6. High-Yield Potential in a Supply-Constrained Market
With Merced’s residential vacancy rates remaining low, this project offers a rare opportunity to deliver 160 units into a market with sustained, high-volume demand for modern multifamily housing..
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
