Extremely rare 18-unit apartment complex with four commercial spaces in Downtown Martinez, California. With frontage on both Pine Street and Susana Street, the subject property consists of four separate buildings situated 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.
MLS #
BA324036732
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
20
Buyer's Brokerage Compensation*
2.5
Laundry
Coin Operated
Cooling
Varies by Unit
Heating
Wall Furnace
Roof
Flat
Foundation
Concrete Perimeter, Slab
Garage/Parking
Street, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | 22 | – |
1230 Pine St is a Residential Income in Martinez, CA 94553. This 9,646 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,095,000 and was built in 1927.
This address can also be written as 1230 Pine St, Martinez, CA 94553.©2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay Area Real Estate Information Services, Inc.
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This listing information is up-to-date as of May 21, 2024. For the most current information, please contact Steven Level, (415) 747-2150