824 Clementa Way, Modesto, CA 95351, Modesto, 95351 - 2 bed, 1 bath
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824 Clementa Way
Modesto, CA 95351
ACTIVE
CONDITION: FAIR
2Beds
1Baths
800Sq Ft
6,059Lot Size
Property Price
LIST PRICE$449,999
SUMMARY
Analysis of 824 Clementa Way, Modesto, CA 95351 is currently available with a list price of $449,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1967, this duplex shows signs of partial mid-range renovations (approx. 10-15 years old) including updated shaker cabinets and stone countertops in one unit. However, the presence of window AC units suggests a lack of modern central HVAC, and the interior features popcorn ceilings and dated tile flooring that require further updating.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Potential
With a projected gross monthly income of $4,000 against a $449,999 list price, the property offers a strong rent-to-price ratio and a potential cap rate exceeding 10%.
- Flexible Occupancy Options
The vacant 3-bedroom unit provides an immediate opportunity for an owner-occupant to 'house hack' or for an investor to place a new tenant at current market rates.
- Proven Rental Income
One unit is already generating $1,900 per month, providing immediate cash flow and reducing the initial financial risk for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 800, other record living area = 2086.
- High Association Fees
The $340 monthly association fee is a significant recurring expense that increases overhead and reduces the overall net operating income.
- Property Age
Built in 1967, the property may require near-term capital expenditures for aging systems or structural maintenance typical of buildings from this era.
About 824 Clementa Way
This property has many options for generating generational wealth. This Duplex consists of a 2 bedroom/1 bathroom currently rented out at $1900/mo, 2nd unit is currently vacant and is a 3 bedroom/1 bathroom. Previous tenant was paying $2100/mo for the 3/1. You could live in half and already have generating income or rent the other unit out and have over 10% cap rate return on your investment. This is great for a 1st time buyer looking to establish a great wealth building property or a seasoned investor looking to add a great property to their portfolio.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1967
- Lot Size
- 6,059 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $340 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.6 |
| Baths | 1.0 | 1.9 |
| Square foot | 800 | 1,797.75 |
| Lot Size | 6,059 | 6,283.25 |
| Price | $450.0K | $500.0K |
| Price per sq ft | $562 | $270 |
| Built year | 1967 | 1970 |
| HOA | $340 | $0 |
| Days on market | 6 | 70 |
Pricing History
Listed for Sale
Sep 3, 2026
$449,999
Initial Listing
Sold
Sep 26, 2008
$129,000
Public Record
Sold
Aug 11, 2006
$420,000
Public Record
Sold
Oct 26, 2005
$5,250,000
Public Record