1403 Leonard Avenue, Modesto, CA 95350 | PMZ Real Estate

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PMZ Commercial Real Estate is pleased to present 1403 Leonard Ave in Modesto, CA. This 21 unit apartment complex offers immediate rental income with strong long term potential through a value add investment strategy. The investment consists of a desirable unit mix consisting of 12 x 1 bedroom /1 bath, 8 x 2 bedroom 1 bath, and 1 x 3 bedroom/2bath all situated on a spacious 1.37 acre lot with ample parking and landscaping. Through renovation and lease up of vacant units along with increasing rents on existing tenants to market rates a proven market pro forma annual income of $262,200 can be achieved. Property is well located in Modesto minutes from HWY 99 and walking distance to Modesto Junior College. Modesto has a strong consistent rental market demand with vacancy rates under 4%. Please contact listing agent for additional information and Offering Memorandum.

Source: MetroList MLS, MLS#: 226005378

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  • Property Type
    Residential Income
  • Lot
    1.38 acres

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Kimm Kennedy

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  • Median Age
    36
  • Population Density
    6,072
  • College Educated
    29%
  • Estimated Median Income
    $57,291
  • Estimated Total Home Owners
    9,987
  • Estimated Total Renters
    9,501
  • Owner / Renter Divide
    51% / 49%
  • Estimated Average Household Size
    3
  • Total Population
    54,044
  • Community data courtesy of LiveBy, Inc.

Life at 1403 Leonard Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/30/2026Source: MetroList MLS Status Change
Closed
Jordan Amarant
Listing Agent
Jordan Amarant
Selling Agent
3/11/2026Source: MetroList MLS Status Change
Pending
Jordan Amarant
Listing Agent
1/16/2026Source: MetroList MLS Added to Database
January 16, 2026
Jordan Amarant
Listing Agent
Listing provided courtesy of PMZ Commercial Real Estate- MLS# 226005378MLS Provider