1403 Leonard Avenue, Modesto, CA 95350
- $2,025,000
- 15,115
- SqFt
- Sold Price
- $2,025,000
- List Price
- $2,100,000
- Closing Date
- Jun 30, 2026
- MLS#
- 226005378
- Status
- CLOSED
- Living Sq. Ft
- 15,115
- Square Footage
- 15115
- Type
- Single Family Residential
- Zip
- 95350
- City
- Modesto
Property Description
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.
Additional Information
- Land Area (Acres)
- 1.3756
- Year Built
- 1948
- Subtype
- 5 or More Units
- Subtype Description
- House(s)
- Construction
- See Remarks
- Foundation
- See Remarks
- Stories
- 1
- Garage
- Varies by Unit
- Floor Coverings
- See Remarks
- Laundry Description
- Varies by Unit
- Cooling
- See Remarks
- Heat
- See Remarks
- Water
- See Remarks
- Utilities
- Sewer Connected & Paid, Electric, Internet Available, Other
- Sewer
- See Remarks
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Listing courtesy of PMZ Commercial Real Estate. Selling Office: PMZ Commercial Real Estate.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .