432 College Ave, Modesto, CA 95350, Modesto, 95350 - 2 bed, 2 bath
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432 College Ave
Modesto, CA 95350
ACTIVE
CONDITION: FAIR
2Beds
2Baths
2,170Sq Ft
4,922Lot Size
Property Price
LIST PRICE$445,000
EST. MARKET VALUE
$473,426
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $445,000—positioned well below the $473,426 Fair Market Value by 6%. This valuation gap offers $28,426 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization but offers significant R-3 Zoning Potential and a 2,170 sqft layout ideal for multi-unit conversion. Located across from Modesto Jr. College, this is a high-reward acquisition for Buy-and-Hold Investors or Contractors seeking a strategic rental asset.
Estimated Market Value
$473,426+$28,426 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 432 College Ave Subject 2 bd · 2 ba · 2,170 sqft · $218 | $445,000* List Price | 2 | 2 | 2,170 | $218 | - |
A 1018 W Morris Avenue Sold 3 bd · 3 ba · 2,320 sqft · $216 · 0.1 mi | $500,000 | 3 | 3 | 2,320 | $216 | 0.1 mi |
B 421 Myrtle Avenue Sold 3 bd · 2 ba · 1,686 sqft · $255 · 0.0 mi | $430,000 | 3 | 2 | 1,686 | $255 | 0.0 mi |
C 1018 W Morris Avenue Pending 3 bd · 3 ba · 2,320 sqft · $216 · 0.1 mi | $500,000 List Price | 3 | 3 | 2,320 | $216 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
This 1938 property is currently configured for office or institutional use rather than a traditional residence. While the exterior and systems like the HVAC appear well-maintained, the interior features dated fluorescent lighting, drop ceilings, and a kitchen that is over 30 years old. It requires significant cosmetic updates and a residential kitchen/bath overhaul to meet modern living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
The property’s layout with a bedroom and bathroom on each level, combined with its history as R-3 zoning, offers significant potential for conversion into a duplex or multi-unit rental.
- Strategic Location
Situated directly across from Modesto Junior College East Campus and near public transit, the home is ideally positioned for high rental demand from students and faculty.
- Generous Square Footage
At 2,170 square feet, the residence provides an unusually large living area for a two-bedroom home, allowing for flexible interior redesign or additional room additions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4922, other record lot size in square feet = 4791.
- Vintage Infrastructure
Built in 1938, the property may require substantial capital improvements to modernize aging systems and ensure compliance with current building codes.
- Zoning Complexity
The mention of 'previously zoned R-3' suggests that current usage rights may need verification or formal re-zoning to realize its full potential as a multi-family investment.
About 432 College Ave
Great Opportunity to Make this Yours! Previously zoned R-3 with one bed/bath on each level and great room concept. Perfect for 2 apartments and plenty of parking in the rear alley. Located close to public transportation and across from Modesto Jr. College East Campus. Must see for all the possibilities!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 4,922 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,170 | 1,595.344 |
| Lot Size | 4,922 | 6,731.123 |
| Price | $445.0K | $461.9K |
| Price per sq ft | $205 | $295 |
| Built year | 1938 | 1976 |
| HOA | $0 | $147 |
| Days on market | 16 | 52 |
Pricing History
Listed for Sale
Oct 8, 2026
$445,000
Initial Listing