Property Details
About this Property
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.
MLS Listing Information
MLS #
ME226005378
MLS Source
MetroList Services, Inc.
Days on Site
3
Interior Features
Flooring
Other
Cooling
Other
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Water
Other
HOA Fee
$0
Zoning
Multi Family
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 10 | 17 | 21 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1403 Leonard Ave is a Residential Income in Modesto, CA 95350. This 15,115 square foot property sits on a 1.375 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,100,000 and was built in –. This address can also be written as 1403 Leonard Ave, Modesto, CA 95350.
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This listing information is up-to-date as of January 16, 2026. For the most current information, please contact Jordan Amarant, (209) 345-8209
