545 El Roya Avenue, Modesto, CA 95354, Modesto, 95354 - 4 bed, 3 bath
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Modesto, CA 95354
This Residential Income Asset is listed at $549,900, aligning with its $525,487 Fair Market Value. The property serves as a high-performance investment, generating $66,240 in gross annual income from five active tenancies. Maintaining a Condition Rating of 4, the .29-acre lot offers exceptional versatility with three residential units, two warehouses, and an office situated in a Mixed-Use Industrial Zone. With Seller Financing available to qualified buyers, this asset provides immediate cash flow and diverse long-term utility. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Users.
Property is moderate renovation needed.
Built in 1939, this multi-unit property is functional and income-producing but shows a mix of budget-friendly updates and aged infrastructure. While it features newer laminate flooring and some mini-split systems, the kitchens and bathrooms are basic with dated fixtures and visible wear, consistent with a property maintained for utility rather than a full modern renovation.
The property generates a robust gross annual income of $66,240 from five existing tenants, offering an immediate and strong cash flow for investors.
Located in an industrial area, the property supports a wide range of uses including manufacturing, repair businesses, and storage, providing excellent flexibility for live-work setups.
The availability of seller financing with a 35% down payment offers a strategic advantage for buyers seeking alternative paths to ownership outside of traditional lending.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12545, other record lot size in square feet = 12196. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1830, other record living area = 1255.
Originally built in 1939 and utilizing a septic system, the property may require significant ongoing maintenance and potential capital improvements to modernize the facilities.
The location within a mixed-use industrial zone may result in noise, traffic, and aesthetic drawbacks that could limit the appeal for purely residential-focused occupants.
SELLER FINANCING available with minimum 35% down! Looking for a home with space for your business or instant income? $66,240 in gross annual rents with roughly $7,600 of operating expenses! This unique property is located in a mixed use industrial area and can be used for a variety of ways. Wrecking yard? Repair business? Storage? Manufacturing? Live and work at the same place! Property is situated on a .29 acre lot and consists of 3 units, 2 warehouse/storage units, and an office. Unit 1: 3 bedroom, 1 bathroom with 1080 sqft of living space. Unit 2: 1 bedroom, 1 bathroom with roughly 400 sqft. Unit 3: 1 bedroom, 1 bathroom with roughly 350 sqft. The warehouse is 720 sqft and has an attached office in the rear which can also be turned into an additional studio for extra income. The smaller storage unit is 312 sqft and is used to rent out for storage. Also included is a detached 3 car garage. Currently has 5 paying tenants. Plenty of space to add additional storage units to increase revenue even more. Septic tank pumped 12/21/25. Great for investors that want cash flow or have future business plans in the commercial/industrial area as this property can be used in many different ways. Buyers to confirm use. Call today for details!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.5 | 50% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 1,830 | 1,515 | 50% |
| Lot Size | 12,545 | 11,140.5 | 50% |
| Price | $549.9K | $550.0K | 50% |
| Price per sq ft | $300 | $379 | 50% |
| Built year | 1939 | 1948 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 125 | 200 | 25% |
Dec 18, 2025
$549,900
Initial Listing
Aug 24, 2021
$320,000
Public Record