Seller's Agent in 2025
Johnny Flores
Cornerstone Homes
(209) 484-4280
12 in this area
67 Total Sales
908 S Madison St Modesto, CA 95351
West Modesto Neighborhood
6
Beds
4
Baths
2,270
Sq Ft
7,000
Sq Ft Lot
Highlights
- Corner Lot
- 1-Story Property
- 4-minute walk to Mellis Park
- No HOA
About This Home
As of April 2025Check out this amazing opportunity! Generate 70K in yearly cash flow with the potential to add a fifth unit! This income-producing property is situated in a rapidly developing area just outside downtown, surrounded by single-family homes right off the Central Modesto exit, conveniently located near schools and shopping centers. Start Cash flowing Approx. 6k a month in rental income at the close of escrow! All tenants are long-term, and each unit has separate utilities, except for water, all within a fenced-in area. This Quadplex consists of two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units with private laundry for each! There is also a third building for owner storage, with the potential for additional income opportunities!
Last Agent to Sell the Property
Cornerstone Homes License #01464580 Listed on: 01/26/2025
Last Buyer's Agent
Non-MLS Member
Non-MLS Office
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 7,000 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Raised Foundation
Interior Spaces
- 2,270 Sq Ft Home
- 1-Story Property
- Laundry in unit
Parking
- 4 Parking Spaces
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 102-001-036-000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Units Leased Month-To-Month
- Net Lease
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2025
Closed on
Mar 17, 2025
Sold by
Sokhom And Vantha Kem Family Trust and Kem Sokhom
Bought by
Chavez Gabriel Gonzalo Calv
Seller's Agent
Johnny Flores
Cornerstone Homes
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$675,000
Sold Price
$675,000
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,382
Avg. Annual Appreciation
-1.48%
Original Mortgage
$573,750
Outstanding Balance
$570,750
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$96,868
Purchase Details
Closed on
May 12, 2015
Sold by
Kem Vantha
Bought by
Sokhom Kem & Vantha Kem Family Trust
Purchase Details
Closed on
Feb 19, 2008
Sold by
Kem Sokhom
Bought by
Kem Vantha
Purchase Details
Closed on
Jun 29, 2005
Sold by
Kem Sokhom and Kem Vantha
Bought by
Kem Sokhom and Kem Vantha
Purchase Details
Closed on
Dec 16, 2002
Sold by
Kem Sokhom and Kem Vantha
Bought by
Kem Sokhom and Kem Vantha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.03%
Mortgage Type
Commercial
Purchase Details
Closed on
May 31, 2002
Sold by
Shepherd Hugh P and Shepherd Angela J
Bought by
Kem Sokhom and Kem Vantha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.83%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 1, 1999
Sold by
Shepherd Hugh P and Shepherd Angela J
Bought by
Shepherd Hugh P and Shepherd Angela J
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $675,000 | Cypress Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $200,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $573,750 | New Conventional | |
| Previous Owner | $189,000 | Commercial | |
| Previous Owner | $180,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | Sold | $675,000 | 0.0% | $297 / Sq Ft |
| 02/05/2025 02/05/25 | Pending | -- | -- | -- |
| 01/26/2025 01/26/25 | For Sale | $675,000 | -- | $297 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
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 | $3,455 | $295,436 | $51,692 | $243,744 |
| 2024 | $3,300 | $289,644 | $50,679 | $238,965 |
| 2023 | $3,252 | $283,966 | $49,686 | $234,280 |
| 2022 | $2,456 | $215,500 | $45,000 | $170,500 |
| 2021 | $2,356 | $215,500 | $45,000 | $170,500 |
| 2020 | $2,427 | $215,500 | $45,000 | $170,500 |
| 2019 | $2,419 | $215,500 | $45,000 | $170,500 |
| 2018 | $2,349 | $215,500 | $45,000 | $170,500 |
| 2017 | $2,127 | $196,000 | $41,000 | $155,000 |
| 2016 | $1,932 | $178,000 | $37,500 | $140,500 |
| 2015 | $1,609 | $148,000 | $37,500 | $110,500 |
| 2014 | -- | $132,500 | $37,500 | $95,000 |
Source: Public Records
Agents Affiliated with this Home
-
Johnny Flores
-
N
Buyer's Agent in 2025
Non-MLS Member
Non-MLS Office
Map
Source: MetroList
MLS Number: 225009755
APN: 102-01-36
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.
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.
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