401 Thrasher Avenue, Modesto, CA 95354, Modesto, 95354 - 6 bed, 3 bath
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Modesto, CA 95354
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.
Property is extensive renovation needed.
This 1945-built multi-family property is explicitly marketed as a 'bargain fixer' requiring significant updating, fixing, and cleanup. The aging infrastructure, combined with the need for substantial repairs and rehabilitation to the units, aligns with the poor condition category. While currently occupied, the property shows signs of significant deferred maintenance and outdated systems typical of a value-add investment project.
The property features three separate units with long-term tenants already in place, offering a stable and reliable income stream for investors from day one.
The availability of seller financing with a $125,000 down payment provides a significant advantage for buyers who may not qualify for traditional lending on a fixer property.
Priced as a bargain fixer with R3 zoning, this property offers substantial upside potential through renovation and the ability to bring rents to market rates.
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.
The property is explicitly listed as needing significant updating, fixing, and cleanup, which will require immediate capital expenditure and project management.
Built in 1945, the property may have outdated electrical, plumbing, or structural components that could lead to higher maintenance costs and modern code compliance issues.
Attention all investors! Bargain fixer 3 unit property for only $275,000. This property features: Three separate units- Two 2bd./1ba. unitw with long term tenants, and a 1bd./1ba. unit (now vacate) providing stable and reliable income. This pencils out to a great investment. Property needs some Fixing, updating, and clean up. Owner will also consider Seller Financing options with minimum of $125K down payment. Buyer to verify R3 multi-unit Zoning uses with City & County Planning Dept..
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.0 | 75% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 700 | 960 | 25% |
| Lot Size | 4,748 | 8,218 | 25% |
| Price | $275.0K | $532.5K | 25% |
| Price per sq ft | $393 | $426 | 50% |
| Built year | 1945 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 200 | 25% |
Jan 10, 2026
$275,000
Initial Listing
Dec 29, 2017
$73,000
Public Record
Sep 15, 2017
$13,500
Public Record