Login

1403 Leonard Avenue, Modesto, CA 95350

Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
1403 Leonard Avenue,Modesto, CA 95350
$2,100,000
  • - Beds
  • - Baths
  • 15,115 sq. ft.
  • Multi-family
  • Active
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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1948
  • Listing ID #:226005378
  • Added:1 day(s) ago
  • Updated:January 16, 2026 at 07:47 PM

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

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$138.93
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: January 16, 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.

New listings near 1403 Leonard Avenue