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1403 Leonard Avenue Modesto, CA $ 2,100,000
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1403 Leonard Avenue
$ 2,100,000
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1403 Leonard Avenue

Modesto, CA, 95350
$ 2,100,000
Baths0.0 Sq 15,115

Monthly Estimate*

$ 12,930

1403 Leonard Avenue, Modesto, CA 95350 - Image 1
1403 Leonard Avenue, Modesto, CA 95350 - Image 2
1403 Leonard Avenue, Modesto, CA 95350 - Image 3
1403 Leonard Avenue, Modesto, CA 95350 - Image 4
1403 Leonard Avenue, Modesto, CA 95350 - Image 5
1403 Leonard Avenue, Modesto, CA 95350 - Image 6
Studio

Multi-Family Home for sale in Modesto, CA

for $2,100,000. This 15,115 square foot home was built in 1948 on a lot size of 1.3756.

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.

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Multi-Family Active

Price

$ 2,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

5 or More Units

Lot Size

1.3756

Year Built

1948

Town/City

Modesto

County/Region

Stanislaus

MLS | Web ID

226005378
Features
General
Sewer See Remarks
Heating See Remarks
Cooling See Remarks
Utilities Sewer Connected & Paid Electric Internet Available Other
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 0
HOA Fee 0
Garage Spaces 0.0
Construction Materials See Remarks
Year Built 1948
Stories Count 1
Property Subtype 5 or More Units
Elevation 0
County Stanislaus
Property Type ResidentialIncome
HOA N
Total Rooms 0
Close Price 0.0
Status Active
Directions Kearney Ave to Leonard Ave to address
City Modesto
Zoning Description Multi Family
Open Parking Spaces 0.0
Number Of Units Total 21
MLS Area 20103
Lot Size Square Feet 59921.0
Carport Spaces 0.0
Standard Status Active
Year Built Source Assessor Auto-Fill
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Interior
Flooring See Remarks
Total Stories 2
Unit 1 Full Baths 0
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Unit1Bedrooms 0
Unit3Bedrooms 0
Laundry Features Varies by Unit
Unit 1 Bedroom Units Total 12
Unit 2 Bedroom Units Total 8
Unit 3 Bedroom Units Total 1
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Exterior
Parking Features Varies by Unit
Lot Features Other
Water Source See Remarks
Total Parking 0.0
Foundation Details SeeRemarks
Number of Buildings 10
Lot Size Acres 1.3756
Lot Size Source Assessor Auto-Fill
Covered Spaces 0.0
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Internal Only
Street Number 1 1403
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* Excluded Features
List By
Pmz Commercial Real Estate

Broker

jamarant@pmz.com

Email

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$12,930
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,930
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295416 Elementary School
295437 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/16/2026 $2,100,000 Listed Price

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1403 Leonard Avenue, Modesto, CA, 95350 is a Multi-Family Home for sale at $2,100,000 with 15,115 sqft and a lot size of 1.3756. 1403 Leonard Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 95350 which is in Modesto, CA

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