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.
Property Details
Property Features
Property Information:
Year Built: 1927
Living Area: 9,646 SqFt
Listing Office:
Office Name: Berkshire Hathaway
Office Phone: (415) 329-6790, 0
Listing Agent: Steven Level
Exterior Features
Parking Information:
Parking: Street
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.22 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Varies By Unit
School Info
Assigned Schools Information:
Alhambra Senior High School, Public District Grades 9-12
Martinez Junior High School, Public District Grades 6-8
John Muir Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: 1230 Pine St, Martinez, CA
Price Information
Listing Price Info
Price Summary:
List Price: $3,095,000
Price Per SqFt: $321/SqFt
Tax Information:
Annual Amount: $27,705
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Martinez, CA.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 29, 2009
Oct 29, 2009Home Sold
$1,135,000
Nov 17, 2000
Nov 17, 2000Home Sold
$815,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$27,705
$1,365,839
2020
$26,500
$1,339,622
2019
$25,357
$1,313,356
2018
$24,548
$1,287,605
2017
$23,048
$1,262,359
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
John Muir Elementary School
205 Vista Way
Distance between this listing and this school1.24 miles
Public District Grades KG-5
Middle School
6
/10
Martinez Junior High School
1600 Court St
Distance between this listing and this school0.14 miles
Public District Grades 6-8
High School
7
/10
Alhambra Senior High School
150 E St
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Assigned Schools
6
/10
John Muir Elementary School
205 Vista Way
Distance between this listing and this school1.24 miles
Public District Grades KG-5
Nearby Schools
8
/10
Morello Park Elementary School
1200 Morello Park Dr
Distance between this listing and this school2.02 miles
Public District Grades KG-5
6
/10
Las Juntas Elementary School
4105 Pacheco Blvd
Distance between this listing and this school2.13 miles
Public District Grades KG-5
Assigned Schools
6
/10
Martinez Junior High School
1600 Court St
Distance between this listing and this school0.14 miles
Public District Grades 6-8
Nearby Schools
4
/10
Benicia Middle School
1100 Southampton Rd
Distance between this listing and this school4.33 miles
Public District Grades 6-8
5
/10
Valley View Middle School
181 Viking Dr
Distance between this listing and this school4.79 miles
Public District Grades 6-8
Assigned Schools
7
/10
Alhambra Senior High School
150 E St
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Nearby Schools
3
/10
Vicente Martinez High School
614 F St
Distance between this listing and this school1.04 miles
Public District Grades 9-12
3
/10
Briones (Alternative)
614 F St
Distance between this listing and this school1.04 miles
The neighbors living near this home have an average income of $60,250. The majority of Martinez, CA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
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This home is located at 1230 Pine St in Martinez, CA and zip code 94553. This 9,646 square foot home, which was built in 1927, sits on a 0.22 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $3,095,000.
While more than 22 listings in Martinez, CA in April 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 7 were sold below. In April 2024 in Martinez, CA there were 43.8% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $775,000, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.
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