NOT LISTED FOR SALE

Estimated Value: $839,459

8 Beds
8 Baths
4,200 Sq Ft
$200/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $840,000 $200 Per Sq Ft

Current estimated payment $5,159/month

17 Days on Market

Highlights

  • Private Lot
  • 5 Car Attached Garage
  • Vinyl Flooring
  • No HOA
  • Central Heating and Cooling System

About This Home

As of November 2024

Discover this exceptional investment opportunity in Modesto, featuring a well-maintained fourplex with four spacious 2-bedroom, 1-bathroom units. Situated in a desirable and centrally located neighborhood, this property is perfect for investors looking for steady cash flow and strong rental demand. Each unit boasts an open-concept living area, ample natural light, modern kitchens with updated appliances, and comfortable bedrooms. The property offers plenty of parking, a shared laundry facility, and low-maintenance landscaping, ensuring convenience for tenants and ease of management for owners. With all four units currently occupied by reliable, long-term tenants, this fourplex generates consistent rental income, providing immediate returns on your investment

Last Agent to Sell the Property

Joseph Colangelo

Cornerstone Real Estate Group License #01982075 Listed on: 09/17/2024

Last Buyer's Agent

Sonny Uppal

Adroit Real Estate License #02108475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 10,102 Sq Ft Lot
  • Private Lot
  • Secluded Lot

Parking

  • 5 Car Attached Garage
  • 5 Open Parking Spaces

Home Design

  • Quadruplex
  • Raised Foundation
  • Stucco

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 066-018-007-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments, House(s)
  • Property Subtype 1: Quadruplex
  • Year Built: 1970
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Price Per Square Foot: 200.00
  • Square Footage: 4200.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 849500.00
  • Lot Features: Private, Secluded
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 5.00
  • Garage Spaces: 5.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 10.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Central
  • Heating: Central
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: r3
  • Irrigation: None
  • Lot Size Acres: 0.2319
  • Lot Size Sq Ft: 10102.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 4
  • Number of Units: 4

Tax Info

  • Assessor Parcel Number: 066-018-007-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 18, 2024
Sold by
Horner Clifford and Horner Melissa
Bought by
Bahia Bhupinder S and Bahia Navneet K
Seller's Agent
Joseph Colangelo
Cornerstone Real Estate Group
Buyer's Agent
Sonny Uppal
Adroit Real Estate
List Price
$849,500
Sold Price
$840,000
Premium/Discount to List
-$9,500
-1.12%
Views
97
Current Estimated Value
$839,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$541
Avg. Annual Appreciation
-0.06%
Original Mortgage
$630,000
Outstanding Balance
$623,961
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$215,498

Purchase Details

Listed on
Jun 11, 2020
Closed on
Aug 24, 2020
Sold by
Lopez Hector Ortiz
Bought by
Horner Clifford and Horner Melissa
Seller's Agent
Donny Piwowarski
Hero Real Estate
Buyer's Agent
Donny Piwowarski
Hero Real Estate
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%
Original Mortgage
$423,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2015
Closed on
Sep 23, 2015
Sold by
Carrazco Miriam
Bought by
Lopez Hector Ortiz
Seller's Agent
Kenton Sondeno
Kenton Sondeno
Buyer's Agent
Victor Gaona
Realty World Dominion
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$382,936
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2015
Sold by
Tonnek Company Lp
Bought by
Sondeno Kenton D

Purchase Details

Closed on
Jun 17, 2004
Sold by
Sondeno Kenton
Bought by
Tonnek Co Lp

Purchase Details

Closed on
Aug 26, 1998
Sold by
Sondeno and Sondeno
Bought by
Sondeno Kenton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
6.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bahia Bhupinder S $840,000 Wfg National Title Insurance C
Bahia Bhupinder S $840,000 Wfg National Title Insurance C
Horner Clifford $565,000 Chicago Title Company
Lopez Hector Ortiz -- Old Republic Title Company
Lopez Hector Ortiz $390,000 Old Republic Title Company
Sondeno Kenton D -- None Available
Tonnek Co Lp -- --
Sondeno Kenton -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bahia Bhupinder S $630,000
Closed Bahia Bhupinder S $630,000
Previous Owner Horner Clifford $423,750
Previous Owner Lopez Hector Ortiz $382,936
Previous Owner Sondeno Kenton $170,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2024 11/21/24 Sold $840,000 -1.1% $200 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $849,500 +50.4% $202 / Sq Ft
08/31/2020 08/31/20 Sold $565,000 -5.0% $135 / Sq Ft View Prior Sale
06/26/2020 06/26/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $595,000 +52.6% $142 / Sq Ft
10/29/2015 10/29/15 Sold $390,000 -1.3% $93 / Sq Ft View Prior Sale
08/13/2015 08/13/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $395,000 -- $94 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,282 $840,000 $235,000 $605,000
2024 $6,636 $599,581 $95,508 $504,073
2023 $6,510 $587,826 $93,636 $494,190
2022 $6,246 $576,300 $91,800 $484,500
2021 $6,137 $565,000 $90,000 $475,000
2020 $4,566 $422,146 $67,651 $354,495
2019 $4,483 $413,870 $66,325 $347,545
2018 $4,394 $405,756 $65,025 $340,731
2017 $4,290 $397,800 $63,750 $334,050
2016 $4,265 $390,000 $62,500 $327,500
2015 $3,935 $359,729 $110,211 $249,518
2014 -- $325,000 $62,500 $262,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224101340

MetroList

APN: 066-18-07