Seller's Agent in 2024
Steven Level
Berkshire Hathaway
(415) 722-1149
1 in this area
42 Total Sales
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.
Last Agent to Sell the Property
Berkshire Hathaway License #01184232 Listed on: 05/14/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $2,850,000 | -7.9% | $295 / Sq Ft |
| 06/08/2024 06/08/24 | Pending | -- | -- | -- |
| 05/14/2024 05/14/24 | For Sale | $3,095,000 | -- | $321 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $46,446 | $2,859,968 | $1,350,000 | $1,509,968 |
| 2024 | $29,126 | $1,447,723 | $436,593 | $1,011,130 |
| 2023 | $29,126 | $1,421,463 | $428,033 | $993,430 |
| 2022 | $29,434 | $1,395,017 | $419,641 | $975,376 |
| 2021 | $27,705 | $1,365,839 | $411,413 | $954,426 |
| 2019 | $26,329 | $1,329,376 | $399,211 | $930,165 |
| 2018 | $25,357 | $1,288,967 | $391,384 | $897,583 |
| 2017 | $24,548 | $1,264,134 | $383,710 | $880,424 |
| 2016 | $23,048 | $1,240,020 | $376,187 | $863,833 |
| 2015 | $22,545 | $1,221,794 | $370,537 | $851,257 |
| 2014 | $22,022 | $1,204,241 | $363,279 | $840,962 |
Seller's Agent in 2024
Steven Level
Berkshire Hathaway
(415) 722-1149
1 in this area
42 Total Sales
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 324036732