Sold

Closed

1230 Pine St

Martinez CA, 94553

$2,850,000


$295.46 per sqft

Sold

Closed

9,646 sqft

Multi-family

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

December 10, 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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