15,115 sqft · $139/sqft · 1.38 acres
- Sq Ft
- 15,115
- Per sq ft
- $139
- Acre lot
- 1.38
Residential Income · Multi Family · Built 1948
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.
Agent & source
- Listed by
- Jordan R. Amarant
- Brokerage
- PMZ Commercial Real Estate
- DRE
- #01911219
- Bought with
- Jordan R. Amarant
- Phone
- (209) 345-8209
- [email protected]
Property details
Rooms & Layout
Property Features
Building & Construction
Exterior & Parking
Interior & Comfort
Utilities
- Sewer Connected & Paid
- Electric
- Internet Available
- Other
Nearby
- Elementary
- Modesto City District
- Middle
- Modesto City District
- High
- Modesto City District
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- Personal agent
- Local MLS listing
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Data last updated: October 17, 2026 12:52 PM PT
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