Sold
Closed
1230 Pine St
Martinez CA, 94553
$2,850,000
$295.46 per sqft
Sold
Closed
9,646 sqft
Residential
Built in 1927
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.
324036732
MLSⓇ ID
May 14, 2024
Listed
August 23, 2024
Updated
Map
1230 Pine St
Martinez CA, 94553
Interior Features
Total Stories
0
Laundry Description
Coin Operated, In Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Varies by Unit
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.22 Acres
Exterior Features
Corner, Shape Regular
Lot Features
Corner, Shape Regular
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
Martinez
Garage
No
Parking
Street
Parking Total
0
View
No
County
Contra Costa
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/31/2024 | Sold | $2,850,000 |
6/10/2024 | Pending | — |
Bought with Richard Martini with Colliers International and Listed by Steven Level with Berkshire Hathaway
Listing Contact:
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