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Sold on 12/20/2024
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821 Lombardo Ave, Modesto, CA 95351

$315,000

Last sold 12/20/2024 for $327K

  • —

    bed

  • —

    bath

  • 1,554

    Sqft ($210/Sqft)

Multi-family not for sale
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About 821 Lombardo Ave

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Lot size 6,251 Sqft
Movoto estimate
Rental estimate
Property description
Investor's Dream: High-Yield Tri-Plex Opportunity Unlock the potential of this cash-flowing tri-plex! With three fully rented units generating over $3,500 in monthly income, this property offers a solid return on investment right out of the gate. While the building requires some TLC, the upside is undeniable. Renovations can enhance both property value and rent potential, making it an ideal candidate for a savvy investor ready to add value. Key Highlights: Fully Occupied; Strong Cash Flow; Value-Add Opportunity with future improvements; and a Stable Location: Positioned in a desirable rental market with consistent demand. Seize this chance to grow your portfolio with a high-performing property that rewards both now and in the future. Don't waitopportunities like this don't last!
Listed by
Listing Agent - Renee E Ledbetter
Listing Office - EXIT Realty Consultants
Source: Metrolist Services,Inc. mls logo
MLS#224127722 • last updated 1 year ago
Movoto checked Metrolist Services,Inc. for data 8 minutes ago
Overview
Cooling/AC Varies By Unit
Heating Varies By Unit
Levels/Style 1
Type Residential Income
MLS # 224127722
Status Closed
SubType Triplex
SqFt 1554
Lot Size (Sqft) 6251
Lot Size (Acres) 0.1435
Year Built 1952
Interior
Laundry Varies By Unit
Flooring Carpet, Tile, Vinyl, Linoleum
Exterior
Foundation Combination, Raised
Construction Stucco, Wood
Parking Uncovered
Lot Features Shape Regular
Irrigation Source None
Amenities / Utilities
Sewer/Septic In & Connected
Water Source Public
Location
Elementary School District Modesto City
Middle School District Modesto City
High School District Modesto City
Directions From 9th Street Go East On Lombardo.
APN 038-015-011-000
Multifamily Details
Total # of Units 3
Income Includes Rent Only
$315K
Range: $198K-$431K
Last 30 days 
Rental est.: $1,042/month
Gross rent multiplier: 26.2
  • Dec 2024
    mls logo MLS # 224127722
  • Dec 20, 2024 Sold
    $327,000
  • Nov 30, 2024 Pending
    —
  • Nov 19, 2024 Listed
    $300,000 (+140.0%)
  • Dec 2024
    mls logo MLS # MC24239118
  • Dec 20, 2024 Sold
    $327,000
  • Nov 30, 2024 Pending
    —
  • Nov 19, 2024 Listed
    $300,000
  • Dec 2024
    Public Records
  • Dec 20, 2024 Sold
    $327,000 (+9.0%)
  • Jul 2014
    Public Records
  • Jul 16, 2014 Sold
    $125,000
  • Jul 2014
    mls logo MLS # 14009951
  • Jul 16, 2014 Sold
    $125,000 (-10.7%)
  • Jun 3, 2014 Pending Sale
    —
  • Apr 13, 2014 Price Change
    $139,900 (+3.7%)
  • Apr 13, 2014 Price Change
    $134,900 (-9.8%)
  • Mar 31, 2014 Price Change
    $149,500 (-3.2%)
  • Feb 20, 2014 Listed
    $154,500 (+59.3%)
  • May 2013
    Public Records
  • May 3, 2013 Sold
    $97,000 (+40.6%)
  • Jul 2008
    Public Records
  • Jul 17, 2008 Sold
    $69,000 (-80.9%)
  • May 2005
    Public Records
  • May 23, 2005 Sold
    $361,000 (+61.9%)
  • Apr 2004
    Public Records
  • Apr 2, 2004 Sold
    $223,000
  • Year Property taxes Tax assessment
  • 2024
    $1,839 +1.4%
    $327,000 +122.03%
  • 2023
    $1,814 +2.3%
    $147,278 +2.0%
  • 2022
    $1,774 +5.7%
    $144,391 +2.0%
  • 2021
    $1,679 -1.7%
    $141,561 +3.06%
  • 2020
    $1,708 +2.1%
    $137,364
  • 2019
    $1,673 +4.5%
    $137,364 -36.11%
  • 2018
    $1,600
    $215,000
  • 821 Lombardo Ave
    $327K
  • Brystrom
    $399K -8% y/y
  • 95351
    $395K +3% y/y
  • Modesto
    $479K +6% y/y
No chart available
Statistics calculated by Movoto

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5/10
Peter Johansen High School
public Grades 9-12
Modesto City High School District
Source: GreatSchools.org © 2026. All rights reserved.

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