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1340 Leonard Avenue Modesto, CA $ 4,250,000
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$ 4,250,000 Get more info
1340 Leonard Avenue
$ 4,250,000
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1340 Leonard Avenue

Modesto, CA, 95350
$ 4,250,000
Baths0.0

Monthly Estimate*

$ 28,247

1340 Leonard Avenue, Modesto, CA 95350 - Image 1
1340 Leonard Avenue, Modesto, CA 95350 - Image 2
1340 Leonard Avenue, Modesto, CA 95350 - Image 3
1340 Leonard Avenue, Modesto, CA 95350 - Image 4
1340 Leonard Avenue, Modesto, CA 95350 - Image 5
1340 Leonard Avenue, Modesto, CA 95350 - Image 6
1340 Leonard Avenue, Modesto, CA 95350 - Image 7
Studio

Multi-Family Home for sale in Modesto, CA

for $4,250,000. This home was built in 1965 on a lot size of 1.08.

** Major Price Improvement ** Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing unit upgrades and new roofs on 5 buildings at 1406 Leonard. Maximize your ROI potential and secure your financial future with this prime multi-family property. ** Pro Forma 8% CAP **

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Multi-Family Active

Price

$ 4,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

5 or More Units

Lot Size

1.08

Year Built

1965

Town/City

Modesto

County/Region

Stanislaus

MLS | Web ID

224044028
Features
General
Sewer Other
Heating Other
Cooling Other
Utilities Other
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 1150
HOA 0
Garage Spaces 0.0
Construction Materials Other
Year Built 1965
Stories 2
Property SubType 5 or More Units
Elevation 0
County Stanislaus
Property Type ResidentialIncome
HOA / Comm Assn N
Total Rooms 0
Close Price 0.0
Status Active
Directions Tully Rd to Leonard head west.
City Modesto
Buyer Agent Compensation Negotiable
High School District Modesto City
Zoning Description Apartments
Open Parking Spaces 0.0
NumberOfUnitsTotal 33
MLS Area 20103
Lot Size Square Feet 47045.0
Carport Spaces 0.0
Street Name Leonard
Standard Status Active
Middle/Junior School District Modesto City
Elementary School District Modesto City
Year Built Source Other
Buyer Agent Compensation Type Dollar
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Interior
Flooring Other
Total Stories 2
Unit 1 Full Baths 1
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Street Suffix Avenue
Laundry Features Other
Unit 1 Bedroom Units Total 33
Unit 2 Bedroom Units Total 0
Unit 3 Bedroom Units Total 0
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Exterior
Parking Features Other
Lot Features Other
Water Source Other
Total Parking 33.0
Foundation Details Other
Number of Buildings 7
Lot Size Acres 1.08
Lot Size Source Not Verified
Covered Spaces 0.0
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Internal Only
Street Number 1 1340
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* Excluded Features
List By
Rand Commercial Properties

Broker

rrand@racps.com

Email

Affordability Calculator

$28,247
Per Month
100%
0%
0%
Monthly Principal & Interest
$28,247
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3193819 Elementary School
3193662 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
6/5/2024 $4,250,000 -5.30% Price Down
4/29/2024 $4,488,000 Listed Price

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1340 Leonard Avenue, Modesto, CA, 95350 is a Multi-Family Home for sale at $4,250,000 with a lot size of 1.08. 1340 Leonard Avenue is a studio with 0.0 baths and was built in 1965. The property's zip code is 95350 which is in Modesto, CA

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