8-Unit Apartment
For Sale
Contact for pricing
1322 Leonard Ave, Modesto, CA 95350
Two-building residential income property with on-site laundry, resident carports, and reserved parking.
Property SizeContact for details
Lot Size0.40 Acres
Days on Market141
Property Features for 1322 Leonard Ave
General Information
Standard status
Active
Lot size
0.40 Acres
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
6 x 1BR, 1 x 2BR, 1 x 1BR with alcove
Multifamily Units
8
Amenities
on-site laundry
Building Details
Buildings
2
Listing Agency:
NAI Northern California - HQ
Listed By:
Josh Ballestesteros · License #CA 02010271
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 7:54PM
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 NAI Northern California - HQ
Investment Insights
Based on property information with market context.
This 8-unit apartment property comprises two buildings on 0.4 acres, with four units in each structure. The unit mix includes six 1-bedroom apartments, one 2-bedroom apartment, and one 1-bedroom residence with an alcove. One building includes a laundry room, while the other provides a storage closet. On-site amenities also include laundry facilities, resident carports with reserved spaces, and four guest parking spaces positioned between the buildings.
The property is located at 1322 Leonard Ave in Modesto, California, with a 100% occupancy figure reported. The offering includes a pro forma cap rate of 6.0%.
The property is located at 1322 Leonard Ave in Modesto, California, with a 100% occupancy figure reported. The offering includes a pro forma cap rate of 6.0%.
Key Highlights
- 8‑unit apartment property across two buildings on 0.4 acres
- Unit mix includes six 1‑bedroom, one 2‑bedroom, and one 1‑bedroom‑with‑alcove units
- Each building contains 4 units
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building residential income property with on-site laundry, resident carports, and reserved parking.
Where is this apartment building located?
The property is located at 1322 Leonard Ave Modesto, CA.
What are key features of this property?
This property features: 8‑unit apartment property across two buildings on 0.4 acres; Unit mix includes six 1‑bedroom, one 2‑bedroom, and one 1‑bedroom‑with‑alcove units; Each building contains 4 units
