821 Lombardo Ave, Modesto, CA 95351 - View 1
821 Lombardo Ave, Modesto, CA 95351 - View 2
821 Lombardo Ave, Modesto, CA 95351 - View 3

821 Lombardo Ave, Modesto, CA 95351

Sale Price: $327,000
Nov 22, 20241,554 sqft3 beds2 baths
Listed by: Renee Ledbetter
License #: 01488931
Phone #: 209-554-5252
Exit Realty Consultants
Source:
CRMLS Logo
MLS #: MC24239118

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 wait opportunities like this don't last!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,919

TurboHome Estimated Value

$347,300

$223 sqft

High Valuation
$364,665
$235/sqft
Normal Valuation
$347,300
$223/sqft
Low Valuation
$329,935
$212/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$223/sqft$347,300

Neighborhood

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Comparative Value

$275K

$300K

$327K

$380K

$430K

430 Thrasher Ave, Modesto, CA 95354

Sale Price: $275,000

Selected Comparable

821 Lombardo Ave, Modesto, CA 95351

List Price: $300,000

Subject Property

821 Lombardo Ave, Modesto, CA 95351

Sale Price: $327,000

Selected Comparable

149 Covena Ave, Modesto, CA 95354

Sale Price: $380,000

Selected Comparable

601 Fall River Dr, Modesto, CA 95351

Sale Price: $430,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
821 Lombardo Ave, Modesto, CA 95351

821 Lombardo Ave, Modesto, CA 95351

List: $300,000

Listed: 11/22/2024

Area:1,554 sqft
Price/sqft:$193
Beds:3
Baths:2
Year Built:
Lot Size:6,252

Comparable Properties

COMPARABLE
Choose comps
821 Lombardo Ave, Modesto, CA 95351

821 Lombardo Ave, Modesto, CA 95351

Sale: $327,000

12/20/20240.00 mi

Area:1,554 sqft
Price/sqft:$210
Beds:3
Baths:2
Year Built:
Weight:35.5%
149 Covena Ave, Modesto, CA 95354

149 Covena Ave, Modesto, CA 95354

Sale: $380,000

11/22/20241.36 mi

Area:1,370 sqft
Price/sqft:$277
Beds:4
Baths:2
Year Built:
Weight:22.8%
430 Thrasher Ave, Modesto, CA 95354

430 Thrasher Ave, Modesto, CA 95354

Sale: $275,000

10/28/20241.03 mi

Area:1,770 sqft
Price/sqft:$155
Beds:2
Baths:2
Year Built:
Weight:22.7%
601 Fall River Dr, Modesto, CA 95351

601 Fall River Dr, Modesto, CA 95351

Sale: $430,000

9/6/20241.30 mi

Area:1,430 sqft
Price/sqft:$301
Beds:4
Baths:3
Year Built:
Weight:19.0%

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2

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3

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