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    1401 Lakewood Ave Modesto, CA 95355-3577
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    Property profile & analytics

    1401 Lakewood Ave, Modesto, CA 95355-3577

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    • Apartment buildings
    • 154,264 SF
    • 7.63 lot acres
    Off-Market
    Last Sale Dec 21, 2023
    $42,700,000
    Property ID
    US09-1850945
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $40,195,000
    Show details
    Cap Rate Potential
    4.7%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • The Edge At Lakewood Apartment Homes / Apartment Complex / Apartment Building
    • October Daisy Company / Wedding Service / Photography Service
    • Oxum Cleaning Services, LLC / Commercial Cleaning Service

    Property Details for 1401 Lakewood Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    7.63 lot acres
    Property type
    Apartment buildings
    APN
    067-018-040-000
    APU
    67018040000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2023 $42,700,000 The Edge At Lakewood I LLC 1401 Lakewood Ave De LLC Grant Deed —
    May 25, 2023 — 1401 Lakewood Ave De LLC — Deed · related $5.4M · Walker & Dunlop LLC
    Apr 6, 2021 $9,469,000 1401 Lakewood Ave De LLC Tilden Meadow Lakes LLC Grant Deed $3.1M · Federal National Mortgage Associati
    Mar 27, 2020 — Tilden-meadow Lakes LLC — Deed · related $3.1M · Walker & Dunlop
    Jul 20, 2018 $26,000,000 Tilden-meadow Lakes LLC Meadow Lakes LLC Grant Deed $20.7M · Walker & Dunlop
    Feb 12, 1997 — Meadow Lakes Investors LP Web Service Co INC Quit Claim Deed · related $5.5M · L J Melody & Company
    Dec 4, 1992 $1,775,000 Meadow Lakes Investors Modesto,meadow Grant Deed · related —
    — — Meadow Lakes Investors — Deed Of Trust · related $475k · Modesto Meadow
    — — Meadows Lakes Investors — Deed Of Trust · related $400k · Lakewood Secured
    — — Tilden-meadow Lakes LLC — Deed Of Trust · related $3.1M · Walker & Dunlop
    — — Meadow Lakes LLC — Deed Of Trust · related $6.5M · Capri Capital Finance LLC

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $43,800,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $34,210,000
      6.5%
      $31,580,000
      7%
      $29,325,000
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $45,120,000
      Current use
      COMMERCIAL (GENERAL)
      $65,755,000
      Change: +46% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $62,190,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $50,255,000
      Change: +11% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $37,220,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -120.94
    Latitude
    37.665
    CBSA code
    33700
    CBSA name
    MODESTO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $462,523
    $2,575,000
    $40,150,436
    $42,725,436
    -
    $0.00
    $0.00
    $0.00
    More about this property
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