412 Laurel Avenue, Modesto, CA 95351, Modesto, 95351 - 6 bed, 4 bath
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Modesto, CA 95351
This Strong Value Opportunity is a Quadruplex listed at $690,000, positioned well below the $754,812 Fair Market Value by 8%. This valuation gap offers $64,812 in Instant Equity. With a Good Condition Rating and recent capital improvements including a new roof and electrical panels, the asset is ready for immediate occupancy. The 16,800 square foot lot provides significant development potential for increased density. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking stable cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 412 Laurel Avenue Subject | $690,000* List Price | 6 | 4 | 2,820 | $268 | - |
A 117 Maple Street Sold | $550,000 | 6 | 4 | 2,160 | $255 | 0.4 mi |
B 814 2nd Street Pending | $750,000 List Price | 8 | 4 | 2,800 | $268 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1946, the property is categorized as good due to being very well-maintained with recent upgrades to major systems, specifically the roof and electrical panels, making it move-in ready for tenants.
The oversized 16,800 square foot lot with alley access offers significant potential to add additional units, providing a path for increased density and future ROI.
The recent replacement of the roof and electrical panels reduces immediate deferred maintenance costs and enhances the safety and longevity of the asset.
Proximity to Highway 99 makes this an attractive location for commuting tenants, supporting high occupancy rates and consistent rental demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16800, other record lot size in square feet = 16552. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2820, other record living area = 1120. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 1.
Built in 1946, the property may have aging plumbing or structural components typical of the era that require ongoing attention despite recent upgrades.
Operating two separate duplexes involves managing multiple tenant profiles and utility configurations, which is more labor-intensive than a single-building investment.
Two duplexes, very well maintained with good cash flow! Electrical panels and roof recently replaced. Oversize lot is 16,800 square feet with alley access. Check with city of you want to add more units. Easy access to Hwy 99 for your tenants that commute.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,820 | - |
| Lot Size | 16,800 | - |
| Price | $690.0K | $640.4K |
| Price per sq ft | $245 | $259 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 41 |
Jul 17, 2026
$690,000
Initial Listing