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.
Sold for $2,850,000 on 07/29/24
$2,850,000
1230 Pine Street, Martinez, CA 94553
--beds
0baths
9,646sqft
Multi Family
Built in 1927
-- sqft lot
$2,750,100 Zestimate®
$295/sqft
$2,261 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 31, 2024 at 09:14am
Listed by:
Steven Level DRE #01184232 415-747-2150,
Berkshire Hathaway 415-329-6790
Bought with:
Richard Martini
Colliers International
Source: BAREIS,MLS#: 324036732
Originating MLS: Marin County

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall Furnace
Cooling
- Has cooling: Yes
Appliances
- Laundry: Coin Operated, Common Area
Features
- Windows: Dual Pane Full
Interior area
- Total structure area: 9,646
- Total interior livable area: 9,646 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 9,583 sqft
- Features: Corner Lot, Shape Regular
Details
- Parcel number: 374073010
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter, Slab
- Roof: Flat
Condition
- Year built: 1927
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Martinez
HOA & financial
HOA
- Has HOA: No
Services availability
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Estimated market value
$2,750,100