NOT LISTED FOR SALE

1333 Leonard Ave Modesto, CA 95350

1 Bed
1 Bath
1 Sq Ft
0.74 Acres

Last Sold November 20, 2015

Last sale price $1,300,000 $1,300,000 Per Sq Ft

8 Days on Market

Highlights

  • Storage Room
  • Coin Laundry
  • 1-Story Property
  • Forced Air Heating System
  • Carpet

About This Home

As of November 2015

Adorable and easy to rent 20 units off Tully*Easy access for your tenants, single story building (no stairs)! Rents now going at $625 per month*Owners are out of town and slowing down*The photos are the general models*Cap rate is from the actual rents and not proforma*Units have been updated, remodeled/refurbished*Very nicely done!!Please make offer subject to inspections*Do not disturb our tenants or your future tenants*Thank you!!

Last Agent to Sell the Property

Tom Antonopoulos

Real Property Investments License #00492309 Listed on: 06/16/2015

Last Buyer's Agent

Debbie Kelly

HomeSmart PV & Associates License #01410728

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 0.74

Parking

  • 30 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Storage Room
  • Synthetic Countertops

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $144,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 20 Leased Units
  • Gardener Expense $4,080
  • Insurance Expense $2,279
  • Maintenance Expense $9,665
  • Manager Expense $3,600
  • Other Expense $1,969
  • Utility Expense $9,728
  • Trash Expense $3,146
  • Operating Expense $44,515
  • Gross Income $140,995

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Zoning: multi
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Countertop - Synthetic
  • Living Sq Ft: 1
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 30
  • Garage Parking Features: Parking Area

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 32160.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 32160.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.60
  • Number Of Leased: 20

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2279
  • Expense Landscape: 4080
  • Expense Maintenance: 9665
  • Expense Management: 3600
  • Expenses Other: 1969
  • Expenses Total: 44515
  • Expenses Utility: 9728
  • Expense Trash: 3146
  • Income Annual Gross: 140995.00
  • Income Annual Rental: 144000
  • Income Gross Scheduled: 145356
  • Income Includes: Laundry, Rents
  • Income Other: 1356
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Janitor, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2015 11/20/15 Sold $1,300,000 -6.8% $1,300,000 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $1,395,000 -- $1,395,000 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tom Antonopoulos

    Real Property Investments

    (408) 391-9546

    25 Total Sales

    Tom Antonopoulos
    Section Image

  • D

    Buyer's Agent in 2015

    Debbie Kelly

    HomeSmart PV & Associates

See All Agents

Map

Source: MLSListings

MLS Number: ML81470656

MLSListings
California Stanislaus County Modesto 95350

1333 Leonard Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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