1820 Kenneth Street, Modesto, CA 95351, Modesto, 95351 - 2 bed, 2 bath
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Modesto, CA 95351
This Multi-Unit Investment Asset is listed at $215,000, positioned near its $204,205 Fair Market Value and priced competitively against local comparable fixers. Despite a Condition Rating of 5 requiring significant rehabilitation, the property offers immediate cash flow via existing tenants and an unpermitted studio. The 6,900-square-foot lot features a patio and sits within walking distance of Robertson Road Elementary and Modesto High School, supporting long-term rental stability. This as-is, cash-only acquisition is a strategic entry point for Buy-and-Hold Investors or Contractors looking to legalize the secondary unit and maximize ROI.
Property is extensive renovation needed.
Built in 1947, this property shows significant deferred maintenance and is being sold in as-is condition for cash only. The kitchen is outdated with missing cabinet doors and worn surfaces, while the interior features aged wood paneling on walls and ceilings throughout. The exterior and yard are poorly maintained, and the presence of an unpermitted garage-to-studio conversion suggests potential structural or compliance issues requiring substantial rehabilitation.
The property serves as a turnkey investment with existing tenants in both the main house and the back studio, providing immediate cash flow for the new owner.
Sitting on a 6,900-square-foot lot, the property offers significant outdoor space and future potential for expansion or additional development in a residential neighborhood.
Located within walking distance of two elementary schools, including one just 0.08 miles away, the property is highly attractive for families and long-term rental stability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6900, other record lot size in square feet = 6534.
The requirement for cash-only offers significantly narrows the pool of potential buyers by excluding those who require traditional mortgage financing.
The garage-to-studio conversion was completed without permits and is sold in as-is condition, which may lead to future code compliance issues or additional costs for the buyer.
Attractive investment opportunity; Garage converted into studio without permits. Public sewer. Property is sold as-is condition. Cash offers only; Main house tenants have a rental agreement for one year. Back tenants are on a month to month agreement.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.2 mi
Grades 7-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 634 | 1,238 | 3% |
| Lot Size | 6,900 | 7,000 | 49% |
| Price | $215.0K | $390.0K | 10% |
| Price per sq ft | $339 | $314 | 63% |
| Built year | 1947 | 1958 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 168 | 11% |
Mar 11, 2026
$215,000
$225,000
-4% Price Drop
Initial Listing
Feb 1, 2026
$225,000
Initial Listing