Estimated payment $8,217/month
Highlights
- No HOA
- Tankless Water Heater
- High Speed Internet
- Double Pane Windows
- Luxury Vinyl Plank Tile Flooring
- Heat Pump System
About This Home
RARE OPPORTUNITY! Take advantage of this 9-unit income producing property located in the OPPORTUNITY ZONE. Situated in the downtown area of Modesto, this up-and-coming property is perfectly located for locals and commuters alike with easy access to Hwy 99, the downtown bus station, and the upcoming ACE Train station. A new, beautiful housing and business complex is being built across the street bringing improvements to the whole neighborhood. Downtown features many amenities such as the Gallo Center of the Arts, a variety of cultural venues, entertainment, and local restaurants which are all within walking distance or a short drive from the property. The property boasts 7 studio units and 2 1bed/1bath units spread among 3 separate buildings. All nine units have recently been remodeled (between 2018-2025). Property is professionally managed. Most units have long term tenants on month-to-month leases offering the new owner revenue growth opportunity. This property rents well and rarely has any vacancies. Along with rent, tenants pay a monthly flat rate for utilities. DO NOT DISTURB tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,613
Year Built
- Built in 1939 | Remodeled
Lot Details
- 10,502 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Studio
- Raised Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 2,910 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Low Emissivity Windows
Kitchen
- Free-Standing Electric Oven
- Free-Standing Gas Range
- Disposal
Flooring
- Laminate
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- Dual Flush Toilets
- Low Flow Toliet
- Low Flow Shower
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Heat Pump System
- Wall Furnace
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 104-016-001
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Building Details
- 8 Leased Units
- 1 Vacant Unit
- 5 Units Leased Month-To-Month
- Insurance Expense $2,259
- Maintenance Expense $3,950
- Professional Management Expense $7,564
- Net Operating Income $81,773
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,748 | $491,536 | $68,267 | $423,269 |
| 2024 | $5,491 | $481,899 | $66,929 | $414,970 |
| 2023 | $5,410 | $472,451 | $65,617 | $406,834 |
| 2022 | $5,279 | $463,188 | $64,331 | $398,857 |
| 2021 | $4,965 | $454,107 | $63,070 | $391,037 |
| 2020 | $5,062 | $449,452 | $62,424 | $387,028 |
| 2019 | $4,945 | $440,640 | $61,200 | $379,440 |
| 2018 | $4,708 | $432,000 | $60,000 | $372,000 |
| 2017 | $2,223 | $204,828 | $76,465 | $128,363 |
| 2016 | $2,180 | $200,813 | $74,966 | $125,847 |
| 2015 | $2,151 | $197,797 | $73,840 | $123,957 |
| 2014 | $2,117 | $193,923 | $72,394 | $121,529 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2026 03/09/26 | For Sale | $1,450,000 | -- | $498 / Sq Ft |
Source: MetroList
MLS Number: 226026227
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