1403 Leonard Avenue, Modesto, CA 95350

Modesto
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1403 Leonard Avenue,Modesto, CA 95350
$2,100,000
  • - Beds
  • - Baths
  • 15,115 sq. ft.
  • Multi-family
  • Pending
Listed by: jordan amarant
Office: pmz commercial real estate
MLS#:226005378
Source:MFMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$138.93

About this home

PMZ Commercial Real Estate is pleased to present 1403 Leonard Ave in Modesto, CA. This 21 unit apartment complex offers immediate rental income with strong long term potential through a value add investment strategy. The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping. Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved. Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%. Please contact listing agent for additional information and Offering Memorandum.

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Home facts

  • Year built:1948
  • Listing ID #:226005378
  • Added:143 day(s) ago
  • Updated:June 09, 2026 at 07:10 AM

Rooms and interior

  • Living area:15,115 sq. ft.

Structure and exterior

  • Year built:1948
  • Building area:15,115 sq. ft.
  • Lot area:1.38 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$138.93

Features and amenities

  • Laundry features:Varies by Unit
MLS LogoMetroList MLS 2026. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: June 9, 2026. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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