NOT LISTED FOR SALE

1333 Leonard Ave Modesto, CA 95350

Modesto Area
1 Bed
1 Bath
1 Sq Ft
0.74 Acre Lot

Sale Details

Date 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

0.74 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,672,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,672,000
Interest Rate
0.027%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2018
Sold by
Bought by

Purchase Details

Listed on
Jun 16, 2015
Closed on
Nov 3, 2015
Sold by
Bought by
Seller's Agent
Tom Antonopoulos
Real Property Investments
Buyer's Agent
Debbie Kelly
HomeSmart PV & Associates
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
0.0371%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,250
Interest Rate
0.0718%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- None Available
-- None Available
-- None Available
$1,300,000 Chicago Title Company
-- --
$875,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,672,000
Closed $795,000
Previous Owner $1,000,000
Previous Owner $661,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,522 $1,840,397 $146,018 $1,694,379
2024 $17,174 $1,507,285 $111,412 $1,395,873
2023 $16,913 $1,476,967 $109,228 $1,367,739
2022 $16,505 $1,448,322 $107,087 $1,341,235
2021 $15,528 $1,420,238 $104,988 $1,315,250
2020 $15,835 $1,405,840 $103,912 $1,301,928
2019 $15,472 $1,378,589 $101,875 $1,276,714
2018 $14,733 $1,351,873 $99,878 $1,251,995
2017 $14,384 $1,325,680 $97,920 $1,227,760
2016 $14,130 $1,301,600 $96,000 $1,205,600
2015 $10,476 $963,500 $128,500 $835,000
2014 -- $920,000 $128,500 $791,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81470656

MLSListings
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