NOT LISTED FOR SALE
10 Beds
-- Bath
9,646 Sq Ft
9,583 Sq Ft Lot

Sale Details

Date Sold: July 29, 2024

Last sale price $2,850,000 $295 Per Sq Ft

25 Days on Market

Highlights

  • 0.22 Acre Lot
  • Double Pane Windows
  • 4-minute walk to Susana Park
  • Corner Lot
  • Laundry Facilities

About This Home

As of July 2024

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

Steven Level

Berkshire Hathaway License #01184232 Listed on: 05/14/2024

Berkshire Hathaway

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 9,583 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Concrete Foundation
  • Slab Foundation

Interior Spaces

  • 9,646 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 374-073-010

Community Details

Overview

  • 4 Buildings
  • 22 Units

Additional Features

  • Laundry Facilities
  • Gross Income $309,744

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Mixed Use
  • Directions To Property: 1230 Pine St, Martinez, CA
  • Lot Size Acres: 0.2200
  • CapRate: 6.41
  • Levels: Two
  • Actual or Scheduled: Actual
  • Number Commercial Units: 4
  • Reso Window Features: Dual Pane Full
  • Special Features: None

Interior Features

  • Square Footage: 9646.00
  • NumberOfBuildings: 4

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Lot Features: Corner, Shape Regular
  • Roof: Flat

Garage/Parking

  • Parking Features: Street

Utilities

  • Cooling: Varies By Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 374-073-010
  • Lot Size Sq Ft: 9583.00

Building Info

  • Year Built: 1927

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1341-1650
  • Number Of1 Bedrooms Occupied: 10
  • Number of 1 Bedroom Units: 10
  • Number of Studio Units: 8
  • NumberOfUnitsTotal: 22
  • Number Studios Occupied: 8
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324036732

Bay Area Real Estate Information Services (BAREIS)
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