Pro forma cap rate of 8.86%. All units have been recently remodeled so there is minimal deferred maintenance and low annual repair costs. This includes interior and exterior paint, flooring, roofs, cabinets, granite counters, fixtures and appliances. Property is two separate parcels, with three and two units each, so both qualify for conventional financing. 1019 Herndon Rd is zoned C-1: Neighborhood Commercial. Potential for future development. Great location for commuters, near CA-99 and CA-132, shopping centers and schools. Excellent rental market in Modesto, CA. Landlord pays water, trash and septic for 1017 Herndon and only trash and septic for 1019 Herndon. Sale includes two parcels: 1017 Herndon Rd - APN 038-041-041 - Residential Zoning and 1019 Herndon Rd - APN 038-041-042 - Commercial Zoning.
Sold for $650,000 on 06/09/23
Listing Provided by:
Ricardo Gil DRE #01800755 209-910-4457,
Gil's Real Estate
Bought with: Gil's Real Estate
$650,000
1017 Herndon Rd, Modesto, CA 95351
50beds
25baths
3,248sqft
Mixed Use
Built in 1944
-- sqft lot
$-- Zestimate®
$200/sqft
$1,701 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,701/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 12, 2023 at 03:01pm
Listing Provided by:
Ricardo Gil DRE #01800755 209-910-4457,
Gil's Real Estate
Bought with:
Ricardo Gil, DRE #01800755
Gil's Real Estate
Source: CRMLS,MLS#: FR23009112
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 50
- Bathrooms: 25
Appliances
- Laundry: See Remarks
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,248
- Total interior livable area: 3,248 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Off Street, Unpaved
- Uncovered spaces: 8
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 7,500 sqft
- Features: Front Yard, Rectangular Lot
Details
- Additional parcels included: 038041042
- Parcel number: 038041041000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1944
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Modesto
HOA & financial
Other financial information
- Total actual rent: 4475
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Private Financing Available,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2023 | Sold | $650,000-7.1%$200/sqft |
Source:  CRMLS #FR23009112 Report a problem | ||
| 3/16/2023 | Pending sale | $699,900$215/sqft |
Source: MetroList Services of CA #222147998 Report a problem | ||
| 3/3/2023 | Price change | $699,900-2.8%$215/sqft |
Source: MetroList Services of CA #222147998 Report a problem | ||
| 2/18/2023 | Price change | $719,900-2%$222/sqft |
Source: MetroList Services of CA #222147998 Report a problem | ||
| 2/2/2023 | Price change | $734,900-5.8%$226/sqft |
Source: MetroList Services of CA #222147998 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,026 +24.1% | $330,480 +22.2% |
| 2024 | $3,243 +1.4% | $270,504 +2% |
| 2023 | $3,198 +191.9% | $265,200 +223.5% |
Find assessor info on the county website
Neighborhood: 95351
Nearby schools
GreatSchools rating
- 4/10Tuolumne Elementary SchoolGrades: K-8Distance: 0.3 mi
- 4/10Peter Johansen High SchoolGrades: 9-12Distance: 3.9 mi
- 3/10Evelyn Hanshaw Middle SchoolGrades: 7-8Distance: 1.7 mi
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