photo 1: 534 Allen St, Martinez CA 94553

Courtesy of Steven Pinza, The Pinza Group, Inc 510-725-4775

Active

534 Allen St, Martinez CA 94553

$965,000

Price

-

Beds

-

Baths

2,699

Sq. Ft.

534-536 Allen Street in Martinez, CA, is a strategically situated four-unit property on a 5,500 SqFt corner lot, enhancing tenant privacy and access. The property's diverse mix comprises two detached 1bed/1bath cottages, each with their own direct street access and exclusive Castro St. addresses, adding a layer of convenience and appeal. Additionally, there is a duplex that includes a 1bed/1bath unit and a larger 2bed/1bath unit. The corner lot also hosts a private gated courtyard and four garages currently utilized as storage, offering significant potential for extra income through ADU conversion or as paid storage facilities. Fully occupied, the property benefits from a stable tenant base while presenting substantial rental growth opportunities, as current rents are over 25% below market rates. This setup not only ensures a steady cash flow but also positions the property for substantial growth in Martinez, a city free from local rent control.

Listing Type

Multifamily

Property Type

Quadruplex

Built Year

1929

Levels

--

Price/Sqft

--

Lot Size Acre

0.13

Status

Active

Days on Realoq

15

Living Area

2,699 Sq. Ft.

Lot Size Sqft

5,500 Sq. Ft.

Location

Brokerage

The Pinza Group, Inc

Source AOR

Contra Costa

Listing ID #

41090494

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Sunita Gurung Easterday, CALDRE 01975888, Realoq Inc., CALDRE 02221797, 877-798-2005, 2001 Clayton Road Suite 200, Concord, CA 94520

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