534 Allen St
Martinez, CA 94553
0.13 acres | #41090494
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.
Property Details
- Property TypeMulti-Family
- CountyContra Costa
- Property SubtypeQuadruplex
- Original List Price$965,000
- MLS #41090494
- MLS #41090494
- Acres0.1263
- Cost965000
- Year Built1929
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Steven Pinza (#BMLS-R01867691)
Listing Office: The Pinza Group, Inc (#BMLS-OBPINZA)
Listing Courtesy (Buyer)
Buyer's Agent: Steven Pinza (#BMLS-MLL789246)
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