833 Spencer Avenue
Modesto, CA 95351
- 9 beds
- – baths
- 3,574 sqft
- ~1/2 acre lot
- $265 per sqft
- 1992 build
- – on site
cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate.
Last checked:
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Last updated May 6, 2025
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MLS# ML82005654 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1992
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Building Area Units:Square Feet
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Other Equipment:Other
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Building Area Total:3574
Room Dimensions
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Living Area:3574
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Living Area Units:Square Feet
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:030013086000
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Zoning:resi
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Lot Size Area:0.43
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Lot Size Acres:0.43
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Lot Size SqFt:18886
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (408) 558-9800
Beds
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Bedrooms Total:9
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Other
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Cooling:true
Schools
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High School District:Modesto City High
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/6/25
May 6, 2025
|
Listed / Active | BRIDGE | $949,000 | |
|
10/21/22
Oct 21, 2022
|
Listed / Active | BRIDGE | ||
|
10/20/22
Oct 20, 2022
|
Listed / Active | MLSLISTINGS |
