NOT LISTED FOR SALE

Estimated Value: $549,772 - $654,000

1 Bed
1 Bath
3,750 Sq Ft
$161/Sq Ft Est. Value

Last Sold January 24, 2025

Last sale price $525,000 $140 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,581/month

9 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Carpet
  • Side by Side Parking
  • Wood Siding

About This Home

As of January 2025

We are pleased to present the Semple Street Apartments, a five (5) unit apartment complex located in Modesto, California. The property provides an investor a unique opportunity to own an apartment complex with a stabilized cash flowing investment property near many daily needs and other retail uses. The apartment complex is comprised of three (3) 1-bedroom, 1-bathroom units, ranging from approximately 600 SF to 750 SF and two (2), 2-bedroom, 2-bathroom units that are approximately 900 SF. The complex has a secure entry to each of the units and onsite parking behind the building. Nearby amenities include the Gallo Center for the Arts, Smart & Final, Modesto Children's Museum, and many other downtown dining and entertainment options. Do not disturb tenants.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 11/25/2024

Last Buyer's Agent

Hosin Dhala

Alliance Bay Realty License #01470107

Alliance Bay Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Raised Foundation
  • Wood Siding

Interior Spaces

  • 3,750 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Side by Side Parking
  • On-Street Parking
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Natural Gas Connected
  • Property is located within a water district
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 111-007-031

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 5 Leased Units
  • Net Lease

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1890
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Number Of1 Bedrooms Occupied: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 140.00
  • Square Footage: 3750.00
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Materials: Wood, Wood Siding
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 575000.00
  • Lot Features: None
  • New Construction: No
  • Pool: No
  • Roof: See Remarks
  • Spa: No

Garage/Parking

  • Parking Features: Side-by-Side, Street, Uncovered
  • Total Parking Spaces: 5.00

Utilities

  • Security: See Remarks
  • Sewer: Sewer Connected, See Remarks
  • Utilities: Natural Gas Connected, Cable Connected, City, Electric
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Water District, Meter on Site, See Remarks

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: R-2 - Medium density residential
  • Irrigation: See Remarks
  • Lot Size Acres: 0.1700
  • Lot Size Sq Ft: 7405.00
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Income Includes: ["See Remarks"]
  • Number of Leased Units: 5
  • Number of Units: 5

Tax Info

  • Assessor Parcel Number: 111-007-031
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Jan 16, 2025
Sold by
Wilson David E
Bought by
A2z Semple Street Apartments Llc
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Hosin Dhala
Alliance Bay Realty
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Views
28
Current Estimated Value
$600,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,322
Avg. Annual Appreciation
12.50%

Purchase Details

Closed on
Apr 8, 2003
Sold by
Jennings John N
Bought by
Wilson David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2001
Sold by
Jean Stehle Larry Edward and Jean Brenda
Bought by
Jennings John N
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
A2z Semple Street Apartments Llc $525,000 Chicago Title
Wilson David E $300,000 Chicago Title
Jennings John N $89,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson David E $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2025 01/24/25 Sold $525,000 -8.7% $140 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/25/2024 11/25/24 For Sale $575,000 -- $153 / Sq Ft
Source: MetroList

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 $5,081 $434,479 $101,371 $333,108
2024 $4,853 $425,961 $99,384 $326,577
2023 $4,782 $417,610 $97,436 $320,174
2022 $4,666 $409,423 $95,526 $313,897
2021 $4,389 $401,396 $93,653 $307,743
2020 $4,475 $397,281 $92,693 $304,588
2019 $4,371 $389,492 $90,876 $298,616
2018 $4,161 $381,856 $89,095 $292,761
2017 $4,062 $374,370 $87,349 $287,021
2016 $3,984 $367,031 $85,637 $281,394
2015 $3,642 $335,000 $56,500 $278,500
2014 $3,276 $300,000 $56,500 $243,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224129021

MetroList

APN: 111-07-31

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