NOT LISTED FOR SALE
1 Bed
1 Bath
450 Sq Ft
0.48 Acres

Last Sold November 02, 2022

Last sale price $1,920,000 $4,267 Per Sq Ft

50 Days on Market

Highlights

  • 0.48 Acre Lot
  • Security Gate
  • 1-Story Property
  • No HOA
  • Carpet

About This Home

As of November 2022

Welcome to the 18th Street Apartments, located at 720 18th St, Modesto, Califonia. This property is comprised of three separate buildings on nearly half an acre in Downtown Modesto. Residents are within walking distance to Smart & Final, Starbucks, and other retailers. The 18th Street Apartments are comprised of (12) one-bedroom apartments and (4) studio apartments for a total of 16 units. Each unit is separately metered and has its own water heater, window AC unit,and baseboard heater. Investors will see an opportunity to bring rents to market and capitalize on the 20-25% loss to lease.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 06/28/2022

Last Buyer's Agent

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 06/28/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.48 Acre Lot

Home Design

  • Raised Foundation
  • Stucco

Interior Spaces

  • 1-Story Property
  • Security Gate

Flooring

  • Carpet
  • Laminate

Parking

  • 13 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 106-001-011

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 16 Units

Building Details

  • 16 Leased Units
  • 16 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1930
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Raised
  • Listing Price: 1975000.00
  • Lot Features: Curbs/Gutters, Sidewalk

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 13.00

Utilities

  • Security: Security Gate
  • Sewer: Sewer Connected, Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, City, Electric
  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Meter on Site, Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: UGD
  • Irrigation: Meter on Site
  • Lot Size Acres: 0.4830
  • Lot Size Sq Ft: 21039.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total # Leasable: 16

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 16
  • Number of Month to Month Units: 16
  • Number of Units: 16

Tax Info

  • Assessor Parcel Number: 106-001-011
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2022 11/02/22 Sold $1,920,000 0.0% $4,267 / Sq Ft
11/01/2022 11/01/22 Off Market $1,920,000 -- --
08/17/2022 08/17/22 Pending -- -- --
08/09/2022 08/09/22 Price Changed $1,995,000 -9.1% $4,433 / Sq Ft
06/28/2022 06/28/22 For Sale $2,195,000 -- $4,878 / 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 $23,354 $1,997,022 $140,454 $1,856,568
2024 $22,311 $1,958,130 $137,700 $1,820,430
2023 $21,986 $1,920,000 $135,000 $1,785,000
2022 $16,764 $1,470,982 $136,652 $1,334,330
2021 $15,770 $1,442,395 $133,973 $1,308,422
2020 $16,096 $1,429,040 $132,600 $1,296,440
2019 $9,728 $866,740 $76,500 $790,240
2018 $9,263 $850,000 $75,000 $775,000
2017 $7,819 $720,626 $79,217 $641,409
2016 $7,688 $708,171 $77,664 $630,507
2015 $7,571 $696,366 $76,498 $619,868
2014 $7,457 $683,000 $75,000 $608,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222086284

MetroList