Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
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$900,000

$965,000

6.7%
Est.Price: ?

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Est. payment /mo

5,501 Sqft Lot


SOLD DATE : 04/28/2025

Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41090494

Sold Date 04/28/25

HOA Y/N No

Year Built 1929

Lot Size 5,501 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Contra Costa

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Parking Features Other

Total Parking Spaces 4

Others

Tax ID 3722410036

Financing Cash

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California Regional MLS (CRMLS)
Listed by Steven Pinza • The Pinza Group, Inc
Bought with Steven Pinza • MLSListing
agent-avatar

+1(805) 242-2114

alana@soldbyalanaking.com

Paso Robles, CA, 93446, USA

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