$275,000
$25K PRICE DROP

401 Thrasher Ave Modesto, CA 95354

La Loma Neighborhood

Estimated payment $1,529/month

Total Views 12,912
6 Beds
3 Baths
1,550 Sq Ft
$177 Price per Sq Ft

Highlights

  • City View
  • No HOA
  • High Speed Internet
  • Corner Lot
  • Tile Flooring
  • 1-Story Property

About This Home

Attention all investors! Check out this great cash flowing 3 unit property bringing in approx. $3685 per month in rental income for only $275,000. This multi-family (R3 zoned) Home features: Three separate units- 3bd./1ba., 2bd./1ba. and 1bd./1ba. with long term tenants, providing stable and reliable income. This pencils out to a great investment. Property needs some updating, fixing and clean up. Owner will also consider Seller Financing property options with minimum of $100K down payment. Buyer to verify Zoning uses with City & County Planning Dept..

Listing Agent

Mike Pappas

Realty ONE Group Zoom License #01272062 Listed on: 01/10/2026

Realty ONE Group Zoom

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 4,748 Sq Ft Lot
  • Corner Lot
  • Property is zoned R3

Home Design

  • House
  • Fixer Upper
  • Concrete Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • City Views
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected
  • Property is located within a water district
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 035-039-034-000

Community Details

Overview

  • No Home Owners Association
  • Sierra 03 Subdivision

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

4,748 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s)
  • Property Subtype 1: Other
  • Stories: 1
  • Year Built: 1945
  • Stories: 1
  • Subdivision: Sierra 03
  • Number of Three Bedroom Units: 1
  • Number Of1 Bedrooms Occupied: 1
  • Number Of3 Bedrooms Occupied: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile, Laminate
  • Price Per Square Foot: 177.42
  • Square Footage: 1550.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Foundation: Slab, Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 275000.00
  • Lot Features: Corner
  • New Construction: No
  • Pool: No
  • Property Condition: Fixer
  • Roof: Shingle, Composition
  • Spa: No
  • View Description: City

Garage/Parking

  • Parking Features: Street
  • Total Parking Spaces: 1.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Sewer In & Connected, Electric, Internet Available, Natural Gas Connected
  • Cooling: Wall Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Other, Washer/Dryer Hookups
  • Water Source: Water District, Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: R3
  • Irrigation: None
  • Lot Size Acres: 0.1090
  • Lot Size Sq Ft: 4748.00

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 035-039-034-000
  • Bonds/Assessments/Taxes Description: Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Stanislaus

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2025 $1,358 $83,056 $73,956 $9,100
2024 $1,304 $81,428 $72,506 $8,922
2023 $1,281 $79,833 $71,085 $8,748
2022 $1,249 $78,269 $69,692 $8,577
2021 $1,187 $76,735 $68,326 $8,409
2020 $1,195 $75,949 $67,626 $8,323
2019 $1,167 $74,460 $66,300 $8,160
2018 $1,118 $73,000 $65,000 $8,000
2017 $523 $19,230 $6,602 $12,628
2016 $511 $18,854 $6,473 $12,381
2015 $509 $18,572 $6,376 $12,196
2014 $503 $18,210 $6,252 $11,958
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2026 02/06/26 Price Changed $275,000 -8.3% $177 / Sq Ft
01/10/2026 01/10/26 For Sale $299,900 +310.8% $193 / Sq Ft
12/29/2017 12/29/17 Sold $73,000 +4.4% $36,500 / Sq Ft View Prior Sale
12/27/2017 12/27/17 Pending -- -- --
12/07/2017 12/07/17 For Sale $69,950 -- $34,975 / Sq Ft
Source: MetroList

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $73,000 Old Republic Title Co
Grant Deed $13,500 Old Republic Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: MetroList

MLS Number: 226002994

MetroList

APN: 035-39-34

California Stanislaus County Modesto 95354 La Loma

401 Thrasher Ave, Modesto, CA

For Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Mike Pappas
Listing Agent
Mike Pappas
Section Image
Realty ONE Group Zoom
(209) 758-0877
Your Personal Tour Guide

Ask me questions while you tour the home.