NOT LISTED FOR SALE
1 Bed
1 Bath
450 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: November 2, 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

  • 21,039 Sq Ft 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

0.48 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Oct 28, 2022
Sold by
Bought by
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
List Price
$2,195,000
Sold Price
$1,920,000
Premium/Discount to List
-$275,000
-12.53%
Views
17

Purchase Details

Closed on
Mar 14, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.044%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
0.0382%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0453%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$666,750
Interest Rate
0.0537%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$949,000 Old Republic Title
$1,400,000 Chicago Title
$850,000 Fidelity National Title Co
$683,000 Chicago Title Company
-- --
-- First American Title Co
-- Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $980,000
Previous Owner $140,000
Previous Owner $700,000
Previous Owner $350,000
Previous Owner $512,000
Previous Owner $510,000
Previous Owner $135,000
Previous Owner $255,000
Previous Owner $400,000
Previous Owner $666,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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