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Sold on Jun 30, 2026 for $2,025,000

1403 Leonard Ave, Modesto, CA 95350

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Property Highlights

Residential Income

Property Type

5 or More Units

Sub Type

1948

Year Built

15,115

Sq Ft

N/A

Days On Properkey

1.38

Lot (acres)

226005378

MLS #

METROLIST

MLS Source

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.

Listed by Jordan R. Amarant • DRE #01911219 • PMZ Commercial Real Estate

Bought with Jordan R. Amarant • DRE #01911219 • PMZ Commercial Real Estate

Contact: (209) 345-8209

Contact: [email protected]

MLS #: 226005378 •
Source: MetroList Services

Property Features

Lot Features: Other

Building & Construction

Construction Materials
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Foundation
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Interior & Comfort

Heating
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Cooling
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Flooring
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Utilities

Nearby

Active Pending Closed Rental

Elementary School

Modesto City District

Middle School

Modesto City District

High School

Modesto City District

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Data last updated: August 24, 2026 4:24 PM PT
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