1402 Chapala Way Modesto, CA 95355
Northeast Modesto NeighborhoodEstimated payment $5,258/month
Highlights
- Newly Remodeled
- No HOA
- Central Heating and Cooling System
- Corner Lot
- Fenced Yard
- Ceiling Fan
About This Home
Discover this fully stabilized, turnkey 4-unit property located in North East Modesto! Originally a duplex, this 1968-built residence has been thoughtfully renovated and transformed to include two new and fully permitted ADU studios, offering a total of 4 units (6 beds / 6 baths) making it an ideal opportunity for any potential buyer. Offering 2,510 sqft of living space on a spacious 7,840 sqft lot, each unit has been completely renovated inside and out. Interiors feature modern kitchens with updated countertops, new appliances, and sleek finishes, along with fully updated bathrooms, fresh paint, stylish lighting, keyless entry systems, and in-unit washers and dryers making this a truly turnkey investment. All units are currently rented at market rate rents making this a strong cash-flowing property to add to your portfolio or house hack'' while renting out the other units. This property checks all the boxes, don't miss this high-performing investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,000
Year Built
- Built in 1968 | Newly Remodeled
Lot Details
- 7,880 Sq Ft Lot
- Fenced Yard
- Corner Lot
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- On-Street Parking
Home Design
- Duplex
- Studio
- Concrete Foundation
- Slab Foundation
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,580 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Laundry in unit
Kitchen
- Free-Standing Electric Oven
- Electric Cooktop
- Microwave
Flooring
- Carpet
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 066-017-030-000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 1 Unit Leased Month-To-Month
- Net Lease
- Insurance Expense $1,450
- Maintenance Expense $3,840
- Net Operating Income $64,680
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/21/2025 05/21/25 | For Sale | $850,000 | +49.1% | $329 / Sq Ft |
02/04/2025 02/04/25 | Off Market | $570,000 | -- | -- |
09/27/2022 09/27/22 | Sold | $570,000 | -0.9% | $221 / Sq Ft |
08/15/2022 08/15/22 | Pending | -- | -- | -- |
07/26/2022 07/26/22 | For Sale | $575,000 | -- | $223 / Sq Ft |
Source: MetroList
MLS Number: 225065368

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