Date
Details
Price
Change
Source
1/16/2026
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,100,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1403 Leonard Ave
General
- Price: $2,100,000
- Status: Active
- Type: Multi-Family
- Source: METROLIST_Cali
- MLS ID: 226005378
- Updated: Today (1/16/2026)
- Added to Site: Today
Interior
- Flooring: See Remarks
Rooms
Other Rooms
- Laundry: Varies by Unit
Parking
- Parking: Varies by Unit
Location
- Area: 20103
- County: Stanislaus
- Cross Streets: Kearney Ave
- Driving Directions: Kearney Ave to Leonard Ave to address
School Information
- School District: Stanislaus
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: See Remarks
- Water: See Remarks
- Utility Description: Sewer Connected & Paid, Electric, Internet Available, Other
Structural Information
- Construction: See Remarks
- Foundation: SeeRemarks
- Stories/Levels: 1
- Square Feet: 15,115
- Sq. Ft. Source: Assessor Auto-Fill
- Year Built: 1948
Lot Features
- Lot Size (Acres): 1.3756
- Lot Size (Sq. Ft.): 59,921
- Irrigation System: See Remarks
- Zoning: Multi Family
- Lot Description: Other
Disclosures and Reports
- Special Conditions: None
- APN: 115-030-004-000
Listed by PMZ Commercial Real Estate
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Listing agent
— 1403 Leonard Ave —
PMZ Commercial Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1403 Leonard Ave
School Districts:Modesto City High School District, Modesto City Elementary School District
| Name | Grades | Distance |
|---|---|---|
John Fremont Elementary School 1220 West Orangeburg Avenue, Modesto, CA 95350 | K-6 | 0.6 mi |
Roosevelt Junior High School 1330 College Avenue, Modesto, CA 95350 | 7-8 | 0.7 mi |
Grace M. Davis High School 1200 West Rumble Road, Modesto, CA 95350 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1403 Leonard Ave
Tax History
Tax History for 1403 Leonard Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,960
5%
$2,390,866
2%
2024
$26,712
578%
$2,344,364
582%
2023
$3,937
5%
$343,800
2%
2022
$3,762
6%
$337,122
2%
2021
$3,538
-2%
$330,574
1%
2020
$3,610
2%
$327,533
2%
2019
$3,523
5%
$320,864
2%
2018
$3,353
2%
$314,636
2%
2017
$3,272
2%
$308,529
2%
2016
$3,212
2%
$302,857
2%
2015
$3,164
2%
$298,046
4%
2014
$3,115
—
$287,814
—
2013
$3,102
—
$287,814
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1403 Leonard Ave
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,537Sq. Ft.
Listed by Pacific Real Estate
- Single Family
- Active
- Updated 1 hour ago
- 3Beds
- 2Total Baths
- 1,511Sq. Ft.
Listed by KW Sac Metro
- Commercial Land
- Active
- Updated 2 days ago
- 0.3067Acres
Listed by Rand Commercial Properties
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,143Sq. Ft.
Listed by West Coast Marketing Group
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- Manufactured Home
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,536Sq. Ft.
Listed by EXIT Realty Consultants
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,841Sq. Ft.
Listed by HomeSmart PV & Associates
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,039Sq. Ft.
Listed by PMZ Real Estate
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,283Sq. Ft.
Listed by Pacific Real Estate
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,976Sq. Ft.
Listed by Estate Realty California
Sold by PMZ Real Estate
Sold by PMZ Real Estate
- Single Family
- Closed
- Updated 4 days ago
- 4Beds
- 5Total Baths
- 4,192Sq. Ft.
Listed and Sold by PMZ Real Estate
- Industrial
- Closed
- Updated 3 days ago
- 12,525Sq. Ft.
- 1.16Acres
Listed and Sold by RE/MAX Executive
1403 Leonard Avenue, Modesto, CA 95350 (MLS# 226005378) is a Multi-Family property with 21 units containing 0 bedrooms and 0 full bathrooms. 1403 Leonard Avenue is currently listed for $2,100,000 and was received on January 16, 2026. Want to learn more about 1403 Leonard Avenue? Do you have questions about finding other Multi-Family real estate for sale in Modesto? You can browse all Modesto real estate or contact a Coldwell Banker agent to request more information.