$510,000
SOLD JUN 30, 2025
5 Beds
4 Baths
2,085 Sq Ft
6,133 Sq Ft Lot

Recently Sold

$245 Per Sq Ft

3% Below List Price

19 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • 2 Car Garage

About This Home

As of June 2025

Duplex Opportunity in Lakewood Park - Modesto, CA Located in the desirable Lakewood Park subdivision of Modesto, this income-generating duplex presents a solid investment opportunity. The property features two spacious units: Unit 3004: 3 bedrooms, 2 bathrooms Unit 3006: 2 bedrooms, 2 bathrooms Each unit includes its own two-car garage, washer/dryer hookups, and fenced backyard. Recent upgrades include new A/C units installed in 2015 and 2021, a roof replacement in 2007, and a newly installed fence for Unit 3004 in 2024. While the property does have some deferred maintenance, it offers excellent long-term tenant stability: Unit 3004 has a tenant in place for 10 years, currently paying $1,300/month. Unit 3006 is a long-term tenant of 30 years under Section 8 housing, with current rent at $1,500/month. This is a great opportunity for investors looking to acquire a well-located duplex with dependable rental income and potential for future value enhancement.

Last Agent to Sell the Property

Bryan Saint

Valley Heritage Realty License #01457897 Listed on: 05/14/2025

Co-Listed By

Kylie Souza

Valley Heritage Realty License #02026095

Last Buyer's Agent

Lynn Tran

HomeSmart PV & Associates License #01757352

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1978

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Planned Development
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2,085 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Additional Features

  • 6,133 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 068-001-053-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,864

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Planned Unit Develop
  • Property Subtype 1: Duplex
  • Year Built: 1978
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Laminate, Linoleum
  • Price Per Square Foot: 244.60
  • Square Footage: 2085.00

Exterior Features

  • Construction Materials: Frame, Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 525000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Other
  • Sewer: In & Connected
  • Utilities: City, Electric
  • Cooling: Central
  • Heating: Central
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: Multi Family Dwelling
  • Irrigation: None
  • Lot Size Acres: 0.1408
  • Lot Size Sq Ft: 6133.00

Rental Info

  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 2
  • Total Number Section8: 1
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2

Tax Info

  • Assessor Parcel Number: 068-001-053-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jun 27, 2025
Sold by
Etc 2013 Trust and Gong Ernest W
Bought by
Nguyen Tony Viet
Seller's Agent
Bryan Saint
Valley Heritage Realty
Buyer's Agent
Lynn Tran
HomeSmart PV & Associates
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.63%
Original Mortgage
$433,500
Outstanding Balance
$433,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$85,636

Purchase Details

Closed on
Apr 27, 2013
Sold by
Gong Ernest W and Chang Tai Li
Bought by
Gong Ernest W and Chang Tai Li

Purchase Details

Closed on
Apr 21, 1998
Sold by
Crispel L Chris
Bought by
Gong Ernest W and Chang Tai Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.06%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $510,000 Cypress Title
Interfamily Deed Transfer -- None Available
Grant Deed $110,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $433,500 New Conventional
Previous Owner $35,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $510,000 -2.9% $245 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/14/2025 05/14/25 For Sale $525,000 -- $252 / 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
2024 $1,864 $172,181 $35,213 $136,968
2023 $2,022 $168,806 $34,523 $134,283
2022 $1,888 $165,497 $33,847 $131,650
2021 $1,907 $162,253 $33,184 $129,069
2020 $1,880 $160,590 $32,844 $127,746
2019 $1,845 $157,442 $32,200 $125,242
2018 $1,816 $154,356 $31,569 $122,787
2017 $1,775 $151,330 $30,950 $120,380
2016 $1,740 $148,364 $30,344 $118,020
2015 $1,717 $146,137 $29,889 $116,248
2014 $1,682 $143,275 $29,304 $113,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 225062126

MetroList

APN: 068-01-53