412 S Conejo, Modesto, CA 95354, Modesto, 95354 - 7 bed, 5 bath
Loading property details...
412 S Conejo
Modesto, CA 95354
ACTIVE
CONDITION: EXCELLENT
7Beds
5Baths
2,109Sq Ft
10,502Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$628,561
4% BelowMARKET VALUE
SUMMARY
This triplex represents a Prime Investment Opportunity, listed at a List Price of $599,000—positioned well below the $628,562 Fair Market Value by 4%. This valuation gap provides $29,562 in Instant Equity for the savvy buyer. Featuring a Mint Condition Rating with recent renovations, this Turnkey Asset offers immediate rental income. The oversized 10,502 sqft lot provides significant long-term potential for expansion. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a stabilized, income-generating property.
Estimated Market Value
$628,561+$29,561 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1954, the property has undergone a comprehensive recent renovation (likely <5 years) featuring modern shaker-style kitchens, updated bathrooms, new flooring, and a new roof, resulting in mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Income Generation
This triplex features three fully remodeled units that are currently occupied, providing immediate cash flow and a stabilized investment from day one.
- Extensive Capital Improvements
Recent updates to the roof, kitchens, bathrooms, and flooring significantly reduce the need for near-term maintenance and capital expenditures.
- Substantial Lot Size
The oversized 10,502 square foot lot offers rare outdoor space for a multi-family property, providing ample parking and potential for future expansion or ADU additions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2109, other record living area = 925. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 2.
- Low School Ratings
The assigned elementary and middle schools have low ratings (2/10 and 3/10), which may limit the property's appeal to long-term family tenants.
- Aging Core Infrastructure
Despite cosmetic remodels, the 1954 construction date suggests that underlying plumbing and electrical systems may require monitoring compared to newer builds.
About 412 S Conejo
Great investment opportunity! Three remodeled units, all currently rented and generating income. Updated kitchens, bathrooms, flooring, roof, and more. Well-maintained property offering immediate rental income and a great opportunity to add to your investment portfolio.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1954
- Lot Size
- 10,502 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 5 (5 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 • 0.4 mi
2/10
La Loma Junior High School
Grades 7-8 • 0.8 mi
3/10
Peter Johansen High School
Grades 9-12 • 2.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.6 |
| Baths | 5.0 | 1.9 |
| Square foot | 2,109 | 1,797.75 |
| Lot Size | 10,502 | 6,283.25 |
| Price | $599.0K | $500.0K |
| Price per sq ft | $284 | $270 |
| Built year | 1954 | 1970 |
| HOA | $0 | $0 |
| Days on market | 15 | 70 |
Pricing History
Listed for Sale
Aug 25, 2026
$599,000
Initial Listing
Sold
Aug 7, 2025
$260,000
Public Record
Sold
Apr 29, 2025
$120,000
Public Record