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Sold on 04/25/2024
  • Exterior
  • Kitchen
  • Entry Way
  • Other
  • Bath
  • Living
  • Bedroom
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502 Colorado Ave, Modesto, CA 95351

$799,018

Last sold 04/25/2024 for $717K

  • 6

    bed

  • 5

    bath

  • 2,780

    Sqft ($258/Sqft)

Multi-family not for sale
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About 502 Colorado Ave

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 0.73 Acre
Movoto estimate
Property description
Don't miss this great investment opportunity! Four homes on nearly 3/4 acre lot with lots of room to expand your income! One unit has been recently remodeled with over $90,000 in upgrades. All these units feature very large font and or back yards with plenty of room for vehicles, RVs, boats or even new buildings. Owner receives $4450 in rents per month. Cap Rate 6.86%
Listed by
Listing Agent - Paul Joslin
Listing Office - Joslin Real Estate
Source: Metrolist Services,Inc. mls logo
MLS#224014787 • last updated 2 years ago
Movoto checked Metrolist Services,Inc. for data 4 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Wall Unit(s)
Heating Electric
Levels/Style 1, 1
SubType Quadruplex
Status Closed
Type Residential Income
Lot Size (Acres) 0.7252
Lot Size (SqFt) 31590
Year Built 1914
Interior
Laundry Other
Exterior
Construction Wood
Foundation Raised, Slab
# Parking Spaces 4
Parking Desc Open, RV Storage
Lot Desc Corner, Shape Regular
Irrigation Other
Amenities / Utilities
Water Source Public
Utilities Electric
Sewer/ Septic In & Connected
Electricity 220 Volts
Location
Area 20105
County Stanislaus
School County Stanislaus
School 2 Modesto City
School 3 Modesto City
School 1 Modesto City
APN 037-039-004-000
Directions From South Ave Turn South Onto Colorado
Zoning R1
Multifamily Details
Unit 2: # Beds 1
Unit 2: # Full Baths 1
Unit 3: Rent 910
Unit 4: # Full Baths 1
Unit 2: SqFt 350
Unit 2: # Half Baths 1
Unit 4: # Beds 1
Unit 3: SqFt 780
Unit 1: Rent 1275
# of Studio Units 1
Unit 4: SqFt 650
Unit 2: Rent 650
Unit 3: # Beds 2
Unit 1: SqFt 1000
Unit 1: # Full Baths 1
Unit 3: # Full Baths 1
Unit 4: Rent 1550
Unit 3: # Half Baths 1
Unit 1: # Beds 2
Unit 1 Lease Term Month To Month
Unit 2: Type Studio
Unit 3: Description House And Storage Building, Tenant Is In The Process Of Applying For SEC-8
Unit 2: SqFt Source Owner
Unit 1: Description House With Detached 2 Car Garage
Unit 4 Lease Term Less Than 12 Months
Unit 3: SqFt Source Owner
Unit 2 Lease Term Month To Month
Unit 4: SqFt Source Owner
Unit 2 Occupancy Tenant
Unit 4: Description House And Detached Laundry/storage, Lease Expires Oct 2024, Newly Remodeled.
Unit 4: Occupancy Tenant
Unit 1: SqFt Source Owner
Unit 2: Description Studio Within 2 Car Garage 600 Sqft. 950sqft. Total
Unit 1: Occupancy Tenant
Unit 3: Occupied By Tenant
Unit 3 Lease Term Month To Month
# of 2-BRs Occupied 2
# of 1-BRs Occupied 1
# Of Units Total 4
# Of 1 Bedroom Units 1
# Of 2 Bedroom Units 2
Total # Of Buildings 4
Operating Expense Includes Trash, Water/Sewer
Income Includes Rent Only
Lot/ Land Details
Topography Level
$799K
Range: $719K-$878K
Last 30 days 
  • Apr 2024
    Public Records
  • Apr 25, 2024 Sold
    $718,000
  • Apr 2024
    mls logo MLS # 224014787
  • Apr 25, 2024 Sold
    $717,700 (+21.9%)
  • Feb 27, 2024 Pending
    —
  • Feb 21, 2024 Listed
    $589,000
  • Feb 2024
    mls logo MLS # 224015825
  • Feb 27, 2024 Duplicate Canceled
    —
  • Feb 21, 2024 Listed
    $589,000
  • Year Property taxes Tax assessment
  • 2024
    $4,878 +624.6%
    $646,170 +977.4%
  • 2023
    $673 +2.5%
    $59,975 +2.0%
  • 2022
    $657 +6.3%
    $58,800 +2.0%
  • 2021
    $618 -1.9%
    $57,648 +3.06%
  • 2020
    $630 +2.4%
    $55,939
  • 2019
    $616 +5.0%
    $55,939 +2.0%
  • 2018
    $586
    $54,843
  • 502 Colorado Ave
    $717K
  • 20105
    —
  • 95351
    $399K +5% y/y
  • Modesto
    $475K +5% y/y
No chart available
Statistics calculated by Movoto

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

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