
Modesto, CA 95358
This property presents a High-Potential Investment Opportunity with a List Price of $349,990—positioned well below the $336,629 Fair Market Value by -3%. Featuring a renovated main residence and a detached studio ADU, this turnkey asset offers immediate dual-rental income potential. Despite its Condition Rating of 2, the property provides a versatile layout for multi-generational living or portfolio scaling, with the unique option to acquire the adjacent lot. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1605 El Dorado Avenue Subject | $349,990* List Price | 2 | 1 | 928 | $380 | - |
A 2505 Gutherie Street Sold | $395,000 | 3 | 2 | 1,058 | $373 | 0.8 mi |
B 1518 Plumas Avenue Sold | $360,000 | 3 | 1 | 1,256 | $287 | 1.0 mi |
C 1715 Dallas Street Sold | $420,000 | 4 | 2 | 1,250 | $336 | 0.2 mi |
D 1823 Spokane Street Active | $419,999 List Price | 2 | 1 | 960 | $437 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1948, the property is described as recently renovated and move-in ready. Images show new laminate flooring, fresh interior paint, and updated bathroom tile work. The addition of a renovated ADU and the turnkey description align with the criteria for a recent renovation under 5 years old.
The property includes a renovated main residence and a detached studio ADU, providing a versatile setup for dual rental income or multi-generational living.
Both units have been recently updated and are move-in ready, offering a low-maintenance investment with immediate occupancy potential.
Offered at a below-market price with the option to purchase the adjacent property, this listing provides a rare chance for investors to scale their holdings in one location.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5998, other record lot size in square feet = 5662.
With an original build date of 1948, the property may have older underlying mechanical or structural systems that require monitoring despite recent cosmetic updates.
The main residence offers only 928 square feet of living space, which may be considered small for families or buyers prioritizing spacious interior layouts.
Discover an exceptional investment opportunity in Modesto with this recently renovated residential property, offered at a compelling below-market price. Perfectly suited for investors or owner-occupants seeking immediate upside, this offering features a move-in ready single-family home paired with a versatile accessory dwelling unit (ADU). Both units have been thoughtfully updated, presenting a turnkey solution for those looking to capitalize on strong rental demand or multi-generational living. The main residence boasts a functional two-bedroom, two-bath layout, while the detached ADU offers a flexible studio-style living space with its own bathroomideal for maximizing rental income or accommodating extended family. Each unit is designed for comfort and convenience, allowing for seamless occupancy or leasing from day one. The property's configuration provides multiple strategies for value creation, whether through dual rental streams or personal use with supplemental income. Strategically located in Modesto, this property stands out as a rare chance to secure a renovated asset with significant income potential at an attractive entry point. For those seeking to expand their portfolio, there is also an option to acquire an adjacent property, further enhancing scale and flexibility. Don't miss this unique opportunity to unlock value in a dynamic market. Property can be purchased with adjacent property at 1601 El Dorado Ave, Modesto - $199,990 or by itself.
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 | 928 | - |
| Lot Size | 5,998 | - |
| Price | $350.0K | $458.5K |
| Price per sq ft | $377 | $300 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 46 | 48 |
Jun 6, 2026
$349,990
Initial Listing
Jun 29, 2023
$250,000
Public Record