Home | Stanislaus County | Modesto | 95350 | 1403 Leonard Ave
MLS: ME226005378 | Status: | Price: $2,100,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 15,115 | 1.375 | – |
PMZ Commercial Real Estate is pleased to present 1403 Leonard Ave in Modesto, CA. This 21 unit apartment complex offers immediate rental income with strong long term potential through a value add investment strategy. The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping. Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved. Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%. Please contact listing agent for additional information and Offering Memorandum.
| Field | Value |
|---|---|
| MLS # | ME226005378 |
| MLS Source | MetroList Services, Inc. |
| Feature | Details |
|---|---|
| Flooring | Other |
| Cooling | Other |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| Water | Other |
| HOA Fee | $0 |
| Zoning | Multi Family |
Jordan Amarant
PMZ Commercial Real Estate
License #: 01911219
Phone: (209) 345-8209
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 10 | 17 | 21 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3025 Tully Rd | $2,095,000 | – | – | 10,580 |
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This listing information is up-to-date as of March 27, 2026. For the most current information, please contact Jordan Amarant, (209) 345-8209.