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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

    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.

    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#: 324036732MLS LogoOriginating 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