Last Sold Price
4,208 sqft$114/sqft
603 Rio Grande Ave, Modesto, CA 95351

Description

Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot...Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.
LISTING CLOSED: 11/15/2023 12:00 AM

  1. Listed by Yusuf Nafey • DRE #02121822 • eXp Realty of California Inc.
    P: (925)-876-1161 yusufnafey@gmail.com

Property Details for 603 Rio Grande Avenue

Status
MLS #
223071701
Days on Compass
54
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / 5 or More Units
Year Built
1953
Lot Size
0.41 AC / 17,885 SF
Parking Features
Street, Varies by Unit
Zoning
Multi Family Dwelling

Location

Listing Courtesy of eXp Realty of California Inc., Yusuf Nafey, DRE #02121822

Sold By HomeSmart PV & Associates, Jaime Bedoy, DRE #01452493

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Building Information for 603 Rio Grande Avenue

Stories-Residences7Year Built1953Building Size-Lot Size0.41 AC / 17,885 SF

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$2,929 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,440

Property Taxes

$489

HOA Dues

$0

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Property Information for 603 Rio Grande Avenue

Summary
Location and General Information
  • Area/District: 20106
  • Area Short Display: 20106
  • Cross Street: Boulder Ave
  • City: Modesto
  • County: Stanislaus
  • State: CA
  • Zip Code: 95351
  • Zip Plus 4: 5443
  • Topography: Level,Level
  • Directions to Property: Going South on 99, exit Hatch Rd. Turn right on Hatch Rd. Turn right on Boulder Ave.
Taxes and HOA Information
  • APN: 038-038-042-000
  • License Fee: $.00
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: false
  • Association Fee: $.00
School Information
  • School District (County): Stanislaus
  • Elementary School District: Modesto City
  • Middle or Junior School District: Modesto City
  • Senior High School District: Modesto City
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 5
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Parking Fee $: 0.0
Virtual Tour
  • Virtual Media Count: 0
Sale and Listing
  • On Market Date: 07-29-2023
Property
Lot Information
  • Square Footage: 0.0
  • Year Built Source: Assessor Auto-Fill
  • Minimum Bldg SqFt: 0.0
  • # of Lots: 0
  • Lot Size Acres: 0.4106
  • Lot Size Source: Owner
  • Lot Size Square Feet: 17886.0
  • Lot Features: Corner, Sidewalk, Landscape Front
  • Living Area: 4208.0
  • Price Per Square Foot: $114.07
  • Price Per Acre: $1,169,020.94
Property and Assessments
  • Property Condition: Updated/Remodeled, Varies by Unit
  • Home Warranty: false
  • Irrigation: Irrigation District, Meter on Site
  • Year Built: 1953
  • Picture Count: 80
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Census Tract: 23.04
  • Bonds Assessments Taxes: Unknown
  • Concessions: No
Green Features
  • Green Verification Year: 0
  • Energy Efficient: Water Heater
Utilities
  • Separate Meters: Electricity
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, City, Electric
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 6
  • Construction Materials: Stucco, Frame, Wood
  • Foundation: Slab
  • Patio And Porch Features: Covered Patio, Varies by Unit
  • Exterior Features: Fenced Yard, Yard Space
  • Horse Property: false
  • Pool: false
  • Roof: Composition
  • Senior Community: false
Interior Features
  • Heating: Central, Varies by Unit
  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Gas Water Heater
  • Laundry Features: Varies by Unit
  • Spa: false
  • # of Fireplaces: 0
  • Cooling: Ceiling Fan(s), Central, Window Unit(s), Varies by Unit
  • Flooring: Carpet, Tile, Laminate, Varies by Unit
  • Entry Level: 0
  • Possible Bedrooms: 0.0
  • Bedrooms: 0
  • Bathrooms: 0.0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • # of Rooms: 12
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 3
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 2
2 Bedroom Unit
  • # of 2 Bedroom Units: 4
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 3
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 7
  • # Of Units Total: 7
  • Num of Units: 7
Multi-Family Additional Information
  • 2nd Unit Approx SqFt: 0.0
  • 2nd Unit Rents for: $.00
  • 2nd Unit Bedrooms: 0.0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Mobile/Manufactured Home
  • Width: 0.0
  • Length: 0.0
  • Berth Size Length: 0.0
  • Berth Size Width: 0.0
Income & Expenses
  • Income Includes: Rent Only
Rental
Rent Information
  • Land Lease: false
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity
  • Current Rent: $.00

Property History for 603 Rio Grande Avenue

DateEvent & SourcePriceAppreciation
Nov 15, 2023

Sold (Public Record)

Public Record #1522405478

$480,000
Nov 15, 2023

Sold

METROLIST #223071701

$480,000
Sep 21, 2023

Pending

METROLIST #223071701

DateEvent & SourcePrice
11/15/2023

Sold (Public Record)

Public Record #1522405478

$480,000
11/15/2023

Sold

METROLIST #223071701

$480,000
09/21/2023

Pending

METROLIST #223071701

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 603 Rio Grande Avenue

Taxable ValueLand$173,400Additions$316,200Total$489,600
Tax Record2025$5,869 ($489 / month)
Home Facts
Baths3Total Finished SqFt504 SqFtAbove Grade Finished SqFt504 SqFtLot Size9,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952ZoningR2CountySTANISLAUSAPN038-038-042-000

Schools near 603 Rio Grande Avenue

This home is within Modesto City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Shackelford Elementary School
PublicK to 6

Evelyn Hanshaw Middle School
Public7 to 8

Thomas Downey High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 603 Rio Grande Avenue, Modesto, CA 95351
$480,000
4,208
17,885
$490,000
4
2,268
8,886
2
1
936
8,276
4,488
9,583
3
2
1,783
9,147
2
1
677
8,276

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc., Yusuf Nafey, DRE #02121822

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