401 Thrasher Avenue, Modesto, CA 95354, Modesto, 95354 - 6 bed, 3 bath
401 Thrasher Avenue
Modesto, CA 95354
Property Price
SUMMARY
Analysis of 401 Thrasher Avenue, Modesto, CA 95354 is currently available with a list price of $275,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Modesto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1945, this property is nearly 80 years old and shows significant deferred maintenance. The listing explicitly states it needs 'updating, fixing and clean up,' and the AI analysis confirms substantial repairs are required. While currently occupied by tenants, the age and described condition indicate it requires major rehabilitation to address physical depreciation and outdated systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Rental Yield
With a monthly rental income of approximately $3,685 against a $275,000 asking price, this property offers an exceptional gross yield and strong cash flow potential for investors.
- Seller Financing Available
The owner is open to seller financing with a $100,000 down payment, providing a valuable alternative for buyers who may face challenges with traditional lending or seek flexible terms.
- Multi-Unit Diversification
Featuring three separate units (3bd/1ba, 2bd/1ba, and 1bd/1ba) on R3 zoned land, the property provides a diversified income stream and long-term stability with existing tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4748, other record lot size in square feet = 4356. Living area discrepancy between mls listing and other public or private record. mls listing living area = 700, other record living area = 1550.
- Significant Deferred Maintenance
The property requires updating, repairs, and general cleanup, indicating that the buyer will need to budget for immediate capital improvements and renovation costs.
- Extremely Limited Square Footage
The recorded 700 square feet for six bedrooms across three units suggests exceptionally cramped living conditions, which may pose challenges for future tenant retention and financing.
About 401 Thrasher Avenue
Attention all investors! Check out this great cash flowing 3 unit property bringing in approx. $3685 per month in rental income for only $275,000. This multi-family (R3 zoned) Home features: Three separate units- 3bd./1ba., 2bd./1ba. and 1bd./1ba. with long term tenants, providing stable and reliable income. This pencils out to a great investment. Property needs some updating, fixing and clean up. Owner will also consider Seller Financing property options with minimum of $100K down payment. Buyer to verify Zoning uses with City & County Planning Dept..
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1945
- Lot Size
- 4,748 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Orville Wright Elementary School
Grades K-6 • 0.5 mi
La Loma Junior High School
Grades 7-8 • 0.8 mi
Peter Johansen High School
Grades 9-12 • 3.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.0 | 78% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 700 | 1,232 | 11% |
| Lot Size | 4,748 | 6,900 | 22% |
| Price | $275.0K | $455.0K | 22% |
| Price per sq ft | $393 | $323 | 67% |
| Built year | 1945 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 193 | 22% |
Pricing History
Listed for Sale
Jan 10, 2026
$275,000
Initial Listing
Sold
Dec 29, 2017
$73,000
Public Record
Sold
Sep 15, 2017
$13,500
Public Record