1322 Del Rey Avenue, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
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Modesto, CA 95350
This property presents a High-Potential Investment Opportunity with a List Price of $489,000—positioned above the $406,325 Fair Market Value. While the list price exceeds the current estimation, the property offers significant utility through its detached rear unit, providing a versatile Income Potential asset. Featuring a Fair Condition Rating with recent Key Infrastructure Upgrades like new windows and an updated electrical panel, this home is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income in a central Modesto location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322 Del Rey Avenue Subject | $489,000* List Price | 2 | 1 | 1,070 | $380 | - |
A 1319 W Orangeburg Avenue Sold | $375,000 | 2 | 1 | 938 | $400 | 0.1 mi |
B 1123 Tully Sold | $388,000 | 2 | 1 | 1,115 | $348 | 0.2 mi |
C 2105 Norman Way Sold | $395,000 | 3 | 2 | 1,104 | $358 | 0.9 mi |
D 1938 Chelsea Sold | $385,000 | 3 | 2 | 1,144 | $337 | 0.8 mi |
E 1718 Sandalwood Drive Sold | $440,000 | 3 | 2 | 1,357 | $324 | 0.6 mi |
F 2126 Monticello Avenue Sold | $373,000 | 3 | 1 | 1,096 | $340 | 0.9 mi |
G 2122 Fremont Avenue Sold | $427,873 | 3 | 2 | 1,248 | $343 | 1.0 mi |
H 1405 Teresa Street Pending | $350,000 List Price | 2 | 1 | 868 | $403 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1953 and, while it boasts significant functional upgrades such as new windows and an updated electrical panel, the interior remains dated. The presence of an older wall heater and basic carpeting suggests that cosmetic renovations are likely over 15-20 years old, placing it in the 'Fair' category as it requires minor aesthetic updates to be considered modern.
The property features a detached rear unit with a private entrance, offering a versatile opportunity for rental income, a guest house, or multi-generational living.
Significant recent improvements, including new windows and an updated electrical panel, enhance energy efficiency and reduce immediate capital expenditure for the buyer.
Ideally situated near Modesto Junior College, hospitals, and major highway access, the property is positioned in a high-demand area for both tenants and homeowners.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6299, other record lot size in square feet = 6098.
Built in 1953, the property may possess older plumbing or structural elements typical of its era that require ongoing maintenance beyond the recent upgrades.
With only 1,070 square feet and a 2-bedroom, 1-bathroom layout, the main living area may be restrictive for larger families or those requiring dedicated office space.
Welcome to 1322-1324 Del Rey Ave, Modesto - a rare opportunity to own a versatile north-facing property featuring a spacious primary home and a separate ADU with its own private entrance. Whether you're an investor seeking strong income potential, a homeowner looking to offset your mortgage with rental income from the additional space, or hoping to keep loved ones close while maintaining privacy, this property offers endless possibilities. This property includes tons of upgrades throughout - new windows, updated electrical panel, and much more! Ideally located in the heart of Modesto, you'll enjoy convenient highway access for an easy commute, schools, Modesto Junior College, Roseburg Square, hospitals, shopping, dining, and much more. Opportunities like this don't come around often schedule your private showing today before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,070 | - |
| Lot Size | 6,299 | - |
| Price | $489.0K | $458.5K |
| Price per sq ft | $457 | $300 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 48 |
Jul 10, 2026
$489,000
Initial Listing
Jan 15, 2014
$200,000
Public Record
Feb 14, 2007
$175,000
Public Record