
Modesto, CA 95351
Exciting opportunity! This property provides excellent cash flow for the price. It features three residential rental units: a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit, a Studio Apartment, and a Grandfathered commercial building situated on a corner lot. Conveniently located just a few blocks from Hatch Road and Highway 99, it is also near new commercial developments. Additionally, there is extra square footage available for potential use.
Property is extensive renovation needed.
Originally built in 1947, this multi-unit property shows significant deferred maintenance and outdated systems. The kitchens and bathrooms feature old cabinetry, laminate surfaces, and aged appliances that likely exceed their functional lifespan. The reliance on window AC units indicates a lack of modern central HVAC, and the interior finishes, including worn flooring and wood paneling, require substantial rehabilitation to meet current market standards.
This unique quadruplex setup includes three residential units and a grandfathered commercial building, offering investors multiple revenue sources and reduced vacancy risk.
Positioned on a corner lot near Highway 99 and major commercial developments, the property provides high visibility for the commercial space and convenient access for residential tenants.
With a large 9,226 sqft lot and additional square footage available for potential use, there is significant opportunity to increase the property's footprint and overall cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9226, other record lot size in square feet = 9147. Living area discrepancy between mls listing and other public or private record. mls listing living area = 700, other record living area = 2794.
Originally built in 1947, the property likely requires modern updates to its electrical, plumbing, and structural systems to maintain long-term viability.
The reported 700 square feet for a total of five bedrooms across multiple units suggests extremely compact living conditions, which may limit the tenant pool or impact rental rates.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 2.0 | 2.2 |
| Square foot | 700 | 1,856.182 |
| Lot Size | 9,226 | 6,342.091 |
| Price | $545.0K | $526.8K |
| Price per sq ft | $779 | $279 |
| Built year | 1947 | 1967 |
| HOA | $0 | $0 |
| Days on market | 543 | 67 |
Apr 29, 2025
$545,000
Initial Listing
Nov 30, 2018
$245,000
Public Record
Dec 2, 1994
$60,000
Public Record