Property profile

1301 Richland Ave Modesto, CA 95351

OFF-MARKET
Apartment buildings
Property ID
US09-1946456
1,944 SF 19.43 ac lot Built 1988
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1988
Construction WOOD
Total area 1,944 SF
Lot 19.43 ac (846,370 SF)
APN 039-032-023-000
UPID US09-1946456

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex
  • Apartment Building

Location

1301 Richland Ave Modesto, CA 95351-5000
Modesto metro Census 2702 MODESTO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$853k
Blend (final) Blend
$915k

Owner & transaction history

since 2006
7 recorded transactions
2020
Price N/A
2006
Price N/A
2001
Price N/A
1998
$11.9M
1994
Price N/A
1993
$14.4M
1993
$10.7M

Zoning & alternative use

Top alternative use upside
Auto repair, garage $785,000 +37.8%
Medical building $635,000 +11.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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