Martinez, CA 94553,1230 Pine ST
Listed by Steven Level • Berkshire Hathaway
Bought with Richard Martini • Colliers International
$2,850,000
$3,095,000
7.9%
Est.Price: ?

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9,646 SqFt

1230 Pine ST Martinez, CA 94553

Est. payment /mo
SOLD DATE : 07/29/2024

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Key Details

Sold Price $2,850,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 9,646 sqft

Price per Sqft $295

MLS Listing ID 324036732

Sold Date 07/29/24

HOA Y/N No

Year Built 1927

Lot Size 9,583 Sqft

Property Description

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.

Location

State CA

County Contra Costa

Area Martinez

Interior

Heating Wall Furnace

Cooling Varies by Unit

Exterior

Garage Street

Roof Type Flat

Building

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Others

Special Listing Condition Offer As Is

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