1322-1324 Del Rey Ave, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
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1322-1324 Del Rey Ave
Modesto, CA 95350
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,070Sq Ft
6,299Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$381,426
11% AboveMARKET VALUE
SUMMARY
This Multi-Generational Income Property represents a High-Potential Investment Opportunity, listed at $459,950—positioned well above the $402,401 Fair Market Value by -14%. While priced above market, the property features a turnkey studio ADU, providing immediate rental income potential to offset mortgage costs. With a Condition Rating of 4, the home offers updated electrical, HVAC, and windows, though interior finishes remain dated. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a prime, tree-lined Modesto location.
Estimated Market Value
$381,426
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322-1324 Del Rey Ave Subject 2 bd · 1 ba · 1,070 sqft · $356 | $425,000* List Price | 2 | 1 | 1,070 | $356 | - |
A 1305 Fulton Street Sold 2 bd · 1 ba · 1,022 sqft · $382 · 0.6 mi | $390,000 | 2 | 1 | 1,022 | $382 | 0.6 mi |
B 1826 Monticello Avenue Sold 2 bd · 2 ba · 1,183 sqft · $317 · 0.7 mi | $375,000 | 2 | 2 | 1,183 | $317 | 0.7 mi |
C 1319 W Orangeburg Avenue Sold 2 bd · 1 ba · 938 sqft · $400 · 0.1 mi | $375,000 | 2 | 1 | 938 | $400 | 0.1 mi |
D 1517 Del Monte Avenue Sold 3 bd · 1 ba · 1,118 sqft · $366 · 0.3 mi | $409,000 | 3 | 1 | 1,118 | $366 | 0.3 mi |
E 1617 Ashwood Drive Sold 3 bd · 1 ba · 1,144 sqft · $288 · 0.4 mi | $330,000 | 3 | 1 | 1,144 | $288 | 0.4 mi |
F 1618 Silkwood Drive Sold 3 bd · 2 ba · 1,250 sqft · $344 · 0.5 mi | $430,000 | 3 | 2 | 1,250 | $344 | 0.5 mi |
G 1627 Albany Avenue Sold 2 bd · 1 ba · 1,007 sqft · $313 · 0.5 mi | $315,000 | 2 | 1 | 1,007 | $313 | 0.5 mi |
H 444 Bermuda Way Sold 3 bd · 1 ba · 1,000 sqft · $365 · 0.7 mi | $365,000 | 3 | 1 | 1,000 | $365 | 0.7 mi |
I 1405 Teresa Street Pending 2 bd · 1 ba · 868 sqft · $403 · 0.2 mi | $350,000 List Price | 2 | 1 | 868 | $403 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the property is well-maintained and features critical system updates including a newer HVAC unit, electrical panel, and windows, the kitchen and interior finishes are significantly dated (likely 20+ years old). It is move-in ready but requires cosmetic modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a full studio ADU with its own address, providing a turnkey opportunity for rental income to offset the mortgage or support multi-generational living.
- Modern Infrastructure Upgrades
Significant updates to the electrical panel, AC unit, and windows enhance energy efficiency and improve the property's insurability for new owners.
- Prime Location
Situated on a scenic tree-lined street near the desirable College Area, the home offers excellent proximity to downtown amenities and convenient Highway 99 access.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Limited Main Residence Capacity
With only two bedrooms and one bathroom in the primary home, the layout may be restrictive for larger families or those requiring a home office.
- Mid-Century Maintenance
Built in 1953, the property may require ongoing maintenance and potential cosmetic updates typical of homes from this era, despite recent system improvements.
About 1322-1324 Del Rey Ave
Welcome to 1322-1324 Del Rey! This adorable, move in ready home has a full studio ADU in the back with it's own address, perfect for anyone who wants to live in front and offset their mortgage by renting the back. Would be amazing for multi-generational living also. The property sits on a gorgeous tree lined street that is centrally located near the College Area, near MJC, and has great access to downtown restaurants as well as highway 99. Home has an updated electrical panel, AC unit, separate meter with ADU, and windows that should make getting insurance much easier.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,299 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,070 | 1,595.344 |
| Lot Size | 6,299 | 6,731.123 |
| Price | $425.0K | $461.9K |
| Price per sq ft | $397 | $295 |
| Built year | 1953 | 1976 |
| HOA | $0 | $147 |
| Days on market | 24 | 52 |
Pricing History
Listed for Sale
Oct 23, 2026
$425,000
$445,000
-4% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$445,000
$459,950
-3% Price Drop
Initial Listing
Price Change
Sep 30, 2026
$459,950
Initial Listing
Sold
Jan 15, 2014
$200,000
Public Record
Sold
Feb 14, 2007
$175,000
Public Record