Leonard Avenue
Modesto, CA 95350
15,115Sqft(Lot)
Acres (Lot)
--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%
Property Details
Map
Map
Features
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Water/Sewer
Sewer: See Remarks -
Flooring Information
See Remarks -
Interior Features
Laundry Features: Varies by Unit -
Heating & Cooling
Heating: See Remarks Cooling: See Remarks WaterSource: See Remarks
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Building Information
Year Built: 1948 Stories: 2 Construction Materials: See Remarks Foundation Details: SeeRemarks -
Exterior Features
Foundation Details: SeeRemarks -
Laundry Features
Varies by Unit
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Lot Information
Lot Description: Other Lot Square Feet: 59,921 Stories: 1 Main Square Feet: 15,115Property Information
Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 15,115 Construction Materials: See Remarks Property Age: 78 Cross Street: Kearney Ave Source Neighborhood: 20103 Postal Code Plus 4: 5719 Area: Modesto S: 95350 Zoning: Multi Family Living Area Source: Assessor Auto-Fill Structure Type: House(s)Farm Info
Irrigation Source: See Remarks
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Listing Price Information
Listing Id: 226005378 List Price: $2,100,000 List Price Tot SqFt: $139
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Tax Information
Parcel Number: 115-030-004-000
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Parking Information
Varies by Unit
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Elementary School District: Modesto CityJunior High School District: Modesto CitySenior High School District: Modesto City
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Utility Information
Sewer Connected & Paid, Electric, Internet Available, Other -
Location Information
Direction: Kearney Ave to Leonard Ave to address
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Celebrity Lane, Modesto, CA, 95350 | $135,000 | -- | -- | -- | Acres (Lot)-- |
| W Rumble Road, Modesto, CA, 95350 | $8,495,000 | -- | -- | -- | 57,934.80 Sqft(Lot) |
| E Orangeburg Avenue, Modesto, CA, 95350 | $3,600,000 | -- | -- | -- | 27,878.40 Sqft(Lot) |
| Celebrity Lane, Modesto, CA, 95350 | $135,000 | -- | -- | -- | 5,061.67 Sqft(Lot) |
| Beckwith Road, Modesto, CA, 95350 | $1,124,100 | -- | -- | -- | Acres (Lot)-- |
| Holiday Lane, Modesto, CA, 95350 | $119,988 | -- | -- | -- | Acres (Lot)-- |
| Standiford Avenue, Modesto, CA, 95350 | $475,000 | -- | -- | -- | Acres (Lot)-- |
| Tully Road, Modesto, CA, 95350 | $604,999 | -- | -- | -- | 7,139.48 Sqft(Lot) |
| 17 Tully Road, Modesto, CA, 95350 | $339,000 | -- | -- | -- | 20,503.69 Sqft(Lot) |
| Celebrity Lane, Modesto, CA, 95350 | $135,000 | -- | -- | -- | Acres (Lot)-- |
Similar Land To Leonard Avenue
Nearby For Sale
ByOwner last updated this listing 06/13/2026 @ 08:44
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