Multifamily Property with Existing
1121 El Vecino Court, Modesto, CA 95350
For Sale
$599,999
Built in 1950 and available individually or within a collection of duplexes and triplexes.
Property Size1,948 SF
Price / SF$308.01
Days on Market51
Property Features for 1121 El Vecino Court
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Broker
(916) 835-7253
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 6:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Broker
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Investment Insights
Based on property information with market context.
This multifamily property at 1121 El Vecino Court is part of a collection of duplexes and triplexes in Modesto, California. The property was built in 1950 and has tenants in place, supporting an existing rental operation rather than a vacant delivery. Individual properties are available, or a buyer may acquire the full collection as a single transaction.
The offering is located in established Modesto neighborhoods throughout the city. Additional property addresses, rent rolls, and financial information are available through the offering process.
The offering is located in established Modesto neighborhoods throughout the city. Additional property addresses, rent rolls, and financial information are available through the offering process.
Key Highlights
- Part of a collection of duplexes and triplexes
- Tenants are already in place
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,000
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,000
$580.0K
Cap Rate 7%
$414,286
$414.3K
Cap Rate 9%
$322,222
$322.2K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$43.2K $22.20/SF
− Vacancy
−$1.8K −$0.93/SF
EGI
$41.4K $21.27/SF
− OpEx
−$12.4K −$6.38/SF
NOI
$29.0K $14.89/SF
Area
Modesto, CA
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,000
Cap Rate 7%
$414,286
Cap Rate 9%
$322,222
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.3K
NOI $29,000 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$370.3K
$324.0K – $432.0K
NOI $25,919 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$654.5K
$572.7K – $763.6K
NOI $45,817 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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Business Placement
Demographics for 95350, CA
55,344
Population
20,327
Households
2.7
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
6,289
Density / Sq Mi
$73,611
Median Household Income
$43,428
Median Earnings
$1,483
Median Rent
$397,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Modesto, CA
Properties on Market for Multifamily properties in Modesto
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1950 and available individually or within a collection of duplexes and triplexes.
Where is this multifamily property located?
The property is located at 1121 El Vecino Court Modesto, CA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Part of a collection of duplexes and triplexes; Tenants are already in place; Built in 1950
