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Sold on 02/09/2024
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120 School Ave, Modesto, CA 95351

$407,502

Last sold 02/09/2024 for $350K

  • 2

    bed

  • 1

    bath

  • 750

    Sqft ($467/Sqft)

Multi-family not for sale
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About 120 School Ave

Property type Multi-family
Neighborhood
Year built 1976
HOA fee $0/month
Lot size 0.29 Acre
Movoto estimate
Rental estimate
Property description
Welcome to M&T Mobile Home Park, a rare investment opportunity in the city of Modesto, California. This property offers immense rental upside. Four of the six spaces are occupied by park-owned. Two units are vacant and prepared for market rate occupancy. An additional space is vacant and ready for a trailer to be added to the property. There's a clear path for a new owner to generate a pro forma 8%+ cap rate.
Listed by
Listing Agent - Jacob Friedrich
Listing Office - Cosol Commercial Real Estate
Source: Metrolist Services,Inc. mls logo
MLS#223083853 • last updated 2 years ago
Movoto checked Metrolist Services,Inc. for data 6 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Wall Furnace
Levels/Style 1, 1
SubType Other
Status Closed
Type Residential Income
Lot Size (Acres) 0.29
Lot Size (SqFt) 12632
Year Built 1976
Interior
Laundry Varies By Unit, Washer/Dryer Hookups
Exterior
Foundation None
# Parking Spaces 6
Parking Desc Varies By Unit
Lot Desc Sidewalk
Irrigation None
Amenities / Utilities
Water Source Public
Utilities City
Sewer/ Septic Public Sewer
Location
Area 20106
County Stanislaus
School County Stanislaus
School 2 Modesto City
School 3 Modesto City
School 1 Modesto City
APN 038-029-076
Directions Exit 99 At Crows Landing And Head South. Turn Left On School Ave.
Zoning R1
Multifamily Details
Unit 1: Rent 800
Unit 1: SqFt 750
Unit 1: # Full Baths 1
Unit 1: # Beds 2
Unit 1: SqFt Source Not Measured
Unit 1: # Of Rooms 5
# Of Units Total 6
# Of 1 Bedroom Units 4
# Of 2 Bedroom Units 2
Total # Of Buildings 6
Income Includes Rent Only
$407K
Range: $366K-$448K
Last 30 days 
Rental est.: $1,643/month
Gross rent multiplier: 17.8
  • Feb 2024
    Public Records
  • Feb 9, 2024 Sold
    $350,000
  • Feb 2024
    mls logo MLS # 223083853
  • Feb 9, 2024 Sold
    $350,000 (-26.3%)
  • Jan 10, 2024 Pending
    —
  • Dec 31, 2023 Expired
    —
  • Sep 11, 2023 Pending
    —
  • Aug 30, 2023 Listed
    $475,000 (+137.5%)
  • Feb 2007
    Public Records
  • Feb 28, 2007 Sold
    $200,000
  • Year Property taxes Tax assessment
  • 2024
    $3,008 +1.4%
    $357,000 +47.72%
  • 2023
    $2,966 +2.3%
    $241,671 +4.04%
  • 2022
    $2,900 +5.8%
    $232,289 +2.0%
  • 2021
    $2,741 -1.3%
    $227,736
  • 2020
    $2,776
    $227,736
  • 120 School Ave
    $350K
  • Shackelford
    $389K +8% y/y
  • 95351
    $395K +3% y/y
  • Modesto
    $475K +5% y/y
No chart available
Statistics calculated by Movoto

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4/10
Thomas Downey High School
public Grades 9-12
Modesto City High School District
Source: GreatSchools.org © 2026. All rights reserved.

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