Remodeled
For Sale
$450,000
1626 Larkin Avenue, Modesto, CA 95354
Two-unit residential property with refreshed interiors and private yard areas in Modesto.
Property Size1,626 SF
Price / SF$276.75
Days on Market53
Property Features for 1626 Larkin Avenue
General Information
Standard status
Active
Size
1,626 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
separate yards
Building Details
Year Built
1940
Listing Agency:
Parkside Property
(916) 373-5300
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 6
Changed: Oct 25
Last Checked: Sep 18 at 7:14AM
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 Parkside Property
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Investment Insights
Based on property information with market context.
This duplex contains 1,626 square feet and was originally built in 1940. Recent remodeling work includes updated kitchens and bathrooms, new flooring, and contemporary interior finishes. The two residential units provide functional living areas along with separate yards for each unit.
The property is located in Modesto, with access to shopping, schools, and major roads. Its duplex configuration supports both investment ownership and an owner-occupant arrangement, as described by the available property information.
The property is located in Modesto, with access to shopping, schools, and major roads. Its duplex configuration supports both investment ownership and an owner-occupant arrangement, as described by the available property information.
Key Highlights
- Duplex with 1,626 square feet
- Built in 1940
- Recently remodeled kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,207
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,140
$484.1K
Cap Rate 7%
$345,814
$345.8K
Cap Rate 9%
$268,967
$269.0K
Market Conditions
NOI Build-Up for 1,626 SF
Gross rent
$36.1K $22.20/SF
− Vacancy
−$1.5K −$0.93/SF
EGI
$34.6K $21.27/SF
− OpEx
−$10.4K −$6.38/SF
NOI
$24.2K $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%
$484,140
Cap Rate 7%
$345,814
Cap Rate 9%
$268,967
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.5K
NOI $24,207 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$309.1K
$270.4K – $360.6K
NOI $21,635 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$546.3K
$478.1K – $637.4K
NOI $38,244 @ 7.0% cap · market cap 8.50%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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Business Placement
Demographics for 95354, CA
26,765
Population
9,797
Households
2.7
Avg Household Size
36
Median Age
17%
College-Educated
80%
High-School Grad
7.7 sq mi
ZIP Area
3,476
Density / Sq Mi
$65,643
Median Household Income
$42,126
Median Earnings
$1,463
Median Rent
$360,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed interiors and private yard areas in Modesto.
Where is this duplex located?
The property is located at 1626 Larkin Avenue Modesto, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with 1,626 square feet; Built in 1940; Recently remodeled kitchens and bathrooms
