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Listed by Steven Pinza • The Pinza Group, Inc
$ 965,000
Est. payment | /mo
2,699 SqFt
$ 965,000
Est. payment | /mo
2,699 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,699 sqft
Price per Sqft $357
MLS Listing ID 41090494
HOA Y/N No
Originating Board Bridge AOR
Year Built 1929
Lot Size 5,500 Sqft
Property Sub-Type Quadruplex
Property Description
534-536 Allen Street in Martinez, CA, is a strategically situated four-unit property on a 5,500 SqFt corner lot, enhancing tenant privacy and access. The property's diverse mix comprises two detached 1bed/1bath cottages, each with their own direct street access and exclusive Castro St. addresses, adding a layer of convenience and appeal. Additionally, there is a duplex that includes a 1bed/1bath unit and a larger 2bed/1bath unit. The corner lot also hosts a private gated courtyard and four garages currently utilized as storage, offering significant potential for extra income through ADU conversion or as paid storage facilities. Fully occupied, the property benefits from a stable tenant base while presenting substantial rental growth opportunities, as current rents are over 25% below market rates. This setup not only ensures a steady cash flow but also positions the property for substantial growth in Martinez, a city free from local rent control.
Location
State CA
County Contra Costa
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Building
Lot Description Other
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227