$3,095,000 Price Analysis   ♡   Martinez, CA 94553 Unknown bed None bath 9,646 SqFt ($320/SqFt) 9,583SqFt lot. Built 1927 Listed 2024-05-14, Taxes $29,433 | Ⓧ USDA Ineligible due to price & location near Martinez |
Extremely rare 18-unit apartment complex with four commercial spaces in Downtown Martinez
* No Longer For Sale *
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California. With frontage on both Pine Street and Susana St reet, the subject property consists of four separate buildings situatd on a level corner parcel of approximately 0.22 acres. Highlighted by a unit mix of ten (10) 1-bedroom, 1-bath units, eight (8) studio units and four (4) individual retail spaces with frontage on Pine Street, this well-located property has easy access to restaurants, shops, schools and public transportation.
This location fits perfectly with the building unit mix of 1-bedroom and studio units. This fully stabilized asset consists of mostly long-term tenants and any vacancies are filled quickly. This well-maintained property offers investors a significant value-add opportunity to capture huge upside that could be realized by modernization of the units and increasing the under-market rents.
Presented by Steven Level at
Berkshire Hathaway.
Property MLS #324036732 from Bareis
Heating Features: Wall Furnace
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Calculated Total Monthly Association Fees: 0
Number of Units: 22
Number of Studio Units: 8
Number of 1 Bedroom Units: 10
County: Contra Costa
Cross Street: Susanna St
Directions: 1230 Pine St, Martinez, CA
Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, ac
Source Property Type: Residential Income
Area: Martinez
Source Neighborhood: Martinez
Postal Code Plus 4: 1764
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $960,927 + $419,641 $1,380,568 | $29,433 |
| 2021 | $942,086 + $411,413 $1,353,499 | $27,704 |
| 2020 | $932,427 + $407,195 $1,339,622 | $26,500 |
| 2019 | $914,145 + $399,211 $1,313,356 | $26,329 |
| 2018 | $896,221 + $391,384 $1,287,605 | $25,357 |
| 2017 | $878,649 + $383,710 $1,262,359 | $24,548 |
| 2016 | $861,421 + $376,187 $1,237,608 | $23,047 |
| 2015 | $848,482 + $370,537 $1,219,019 | $22,545 |
| 2014 | $831,862 + $363,279 $1,195,141 | $22,021 |
| 2013 | $828,103 + $361,638 $1,189,741 | $21,413 |
| 2012 | $811,866 + $354,548 $1,166,414 | $20,329 |
| 2011 | $766,000 + $334,000 $1,111,800 | $19,121 |
| 2010 | $805,000 + $345,000 $1,151,760 | $19,475 |
| 2009 | $666,971 + $286,678 $955,409 | $17,310 |
| 2008 | $653,894 + $281,057 $936,551 | $16,825 |
| 2007 | $641,073 + $275,547 $918,220 | $16,376 |
$2,850,000
Bareis
Listed 2024-05-14
$3,095,000
Bareis
Listing removed 2023-10-10
$3,400,000
Bareis
Listed 2023-08-25
$3,400,000
Bareis
Sold 2009-10-29
$1,135,000
Public Record
Sold 2000-11-17
$815,000
Public Record
Sold 1984-03-06
$94,000
Public Record
Sold 1979-01-01
$310,000
Public Record
Year Built: 1927
Foundation Details: Concrete Perimeter, Slab
Levels: Two
Property Age: 97
Roof: Flat
Structure Type: Apartments, Mixed Use
Water Source: Public
Map directions Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.