1340 Leonard Avenue
1340 Leonard Avenue
$4,250,000
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Description
Major Price Improvement Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing...Major Price Improvement Dive into this prime investment opportunity with 33 chic one-bedroom, one-bath units nestled on the Western edge of Modesto's sought-after College Area. Just a stone's throw away from Modesto Junior College, this property boasts robust rental income and a track record of consistently high occupancy rates. Elevate your investment portfolio with this lucrative opportunity at 1340 & 1460 Leonard Ave. Witness the transformation with recent capital improvements including ongoing unit upgrades and new roofs on 5 buildings at 1406 Leonard. Maximize your ROI potential and secure your financial future with this prime multi-family property. Pro Forma 8% CAP
- Listed by Richard Rand • DRE #00633804 • Rand Commercial Properties
Property Details for 1340 Leonard Avenue
Parking Features
Other-Rmks
ZoningApartments
Location
LISTING UPDATED: 06/05/2024 08:51 AM
Property Details for 1340 Leonard Avenue
Status | Active |
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MLS # | 224044028 |
Days on Compass | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1965 |
Lot Size | 1.08 AC / 47,044 SF |
County | Stanislaus County |
Location
Building Information for 1340 Leonard Avenue
Stories2Residences33Year Built1965Building Size-Lot Size1.08 AC / 47,044 SF
Payment Calculator
$24,203 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1340 Leonard Avenue
Property History for 1340 Leonard Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1340 Leonard Avenue
Taxable ValueLand$95,435Additions$962,317Total$1,057,752
Tax Record2023$12,112 ($1,009 / month)
Home Facts
Baths16Total Finished SqFt9,360 SqFtAbove Grade Finished SqFt9,360 SqFtStories2Lot Size20,037 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965CountySTANISLAUSAPN115-001-033-000
Schools near 1340 Leonard Avenue
This home is within Modesto City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
John Fremont Elementary School PublicK to 6 | ||
Roosevelt Junior High School Public7 to 8 | ||
Grace M. Davis High School Public9 to 12 | ||
Robert Elliott Alternative Education Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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