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833 Spencer Avenue

Modesto, CA 95351

– beds
– baths
– sqft
~1/2 acre lot
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.

Listed By CRMLS_CA / Sam Roham / Alliant Real Estate And Financial Services Inc.

Last checked: Checking… • Last updated May 6, 2025 •

MLS# ML82005654 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1992
Year Built Source:

Assessor
Building Area Total:

3574.00
# of Buildings:

5
Roof:

Composition
Foundation:

Concrete Perimeter
Stories Total:

1

Location

Latitude:

37.63048925
Longitude:

-121.01667574

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

residential
Lot Size Area:

18886.0000
Lot Size Acres:

0.4336
Lot Size SqFt:

18886.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

4400.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

030013086000

Heating & Cooling

Heating:

1
Heating:

Central, Wall Furnace
Cooling:

Yes
Cooling:

Central Air

Appliances

Included:

No

The Community

Association:

No
Assessments:

No

Parking

Carport Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
5/6/25 May 6, 2025	Listed / Active	CRMLS_CA	$949,000
10/21/22 Oct 21, 2022	Listed / Active	BRIDGE
10/20/22 Oct 20, 2022	Listed / Active	MLSLISTINGS

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This multifamily located in South Modesto, Modesto, CA 95351 is currently for sale for $949,000. 833 Spencer Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 833 Spencer Avenue is in the South Modesto neighborhood of Modesto and has a WalkScore® of 47, making it car-dependent. This multifamily is in the attendance area of Modesto High School, Burbank Elementary School, and Mark Twain Junior High School.

Listing Courtesy of: CRMLS_CA and Alliant Real Estate And Financial Services Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:58 on May 07.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.