811 Brown St Martinez, CA 94553
Estimated payment $26,613/month
Highlights
- 0.34 Acre Lot
- No HOA
- Double Pane Windows
- Private Lot
- Balcony
- Tile Flooring
About This Home
The Colonial Apartments, a fully turn-key multifamily community located at 811 Brown Street in Martinez, CA. Originally constructed in 1964, the property features a highly desirable unit mix consisting of (6) two-bedroom / one-bath townhomes, (3) two-bedroom / one-bath flats, and (3) one-bedroom / one-bath units. Each unit offers functional layouts, modern finishes, and covered carport parking amenities that continue to attract quality tenants. Ten of the twelve units have undergone extensive renovations, including upgraded kitchen cabinetry, new appliances, and durable laminate plank flooring. These interior improvements, combined with the property's spacious floorplans, and onsite laundry, position The Colonial Apartments competitively within the local rental market and have contributed to strong historical occupancy. The Martinez multifamily market is characterized by limited inventory, low vacancy, and steady tenant demand. With minimal new construction and high barriers to entry, the market benefits from favorable supply-and-demand fundamentals that support long-term rent growth and investment stability. The next owner will acquire a well-maintained, professionally managed asset with no current vacancy, offering immediate cash flow and long-term upside potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 15,002 Sq Ft Lot
- Security Fence
- Landscaped
- Private Lot
Home Design
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 11,468 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Double Pane Windows
Kitchen
- Free-Standing Electric Oven
- Microwave
- Dishwasher
Flooring
- Laminate
- Tile
- Vinyl
Parking
- 12 Parking Spaces
- Carport
- Off-Street Parking
Outdoor Features
- Balcony
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Property is located within a water district
Listing and Financial Details
- Assessor Parcel Number 372-261-006-4
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Coin Laundry
Building Details
- 12 Leased Units
- Insurance Expense $11,496
- Operating Expense $114,663
- Net Operating Income $215,734
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $52,200 | $3,795,524 | $1,273,449 | $2,522,075 |
| 2024 | $49,448 | $3,721,103 | $1,248,480 | $2,472,623 |
| 2023 | $49,448 | $3,648,141 | $1,224,000 | $2,424,141 |
| 2022 | $49,071 | $3,576,609 | $1,200,000 | $2,376,609 |
| 2021 | $6,875 | $3,612,037 | $1,212,432 | $2,399,605 |
| 2019 | $48,715 | $3,607,230 | $1,261,230 | $2,346,000 |
| 2018 | $20,010 | $1,172,269 | $323,377 | $848,892 |
| 2017 | $19,463 | $1,149,285 | $317,037 | $832,248 |
| 2016 | $18,230 | $1,126,751 | $310,821 | $815,930 |
| 2015 | $17,898 | $1,109,827 | $306,153 | $803,674 |
| 2014 | $17,485 | $1,088,088 | $300,156 | $787,932 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $4,199,000 | 0.0% | $366 / Sq Ft | |
| 02/04/2025 02/04/25 | Off Market | $1,995 | -- | -- | |
| 02/04/2025 02/04/25 | Off Market | $3,585,000 | -- | -- | |
| 07/08/2021 07/08/21 | Rented | $1,995 | 0.0% | -- | |
| 06/15/2021 06/15/21 | Sold | $3,585,000 | 0.0% | $313 / Sq Ft | View Prior Sale |
| 04/07/2021 04/07/21 | For Rent | $1,995 | 0.0% | -- | |
| 03/02/2021 03/02/21 | Pending | -- | -- | -- | |
| 02/02/2021 02/02/21 | Price Changed | $3,599,000 | +0.1% | $314 / Sq Ft | |
| 01/29/2021 01/29/21 | For Sale | $3,595,000 | -- | $313 / Sq Ft |
Source: MetroList
MLS Number: 226038449
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Ask me questions while you tour the home.