Martinez, CA 94553,534 Allen St
Listed by Steven Pinza • The Pinza Group, Inc
Bought with Steven Pinza • MLSListing
$900,000
$965,000
6.7%
Est.Price: ?

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2,699 SqFt

534 Allen St Martinez, CA 94553

Est. payment /mo
SOLD DATE : 04/28/2025

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Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $333

MLS Listing ID 41090494

Sold Date 04/28/25

HOA Y/N No

Year Built 1929

Lot Size 5,500 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

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 Other

Cooling Other

Flooring Other

Fireplace No

Building

Lot Description Other

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Bay East AOR and Contra Costa AOR

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