1230 Pine Street

Martinez, CA 94553

$3,095,000
Price
Beds
9,646 Sq. Ft.
$321 / Sq. Ft.
9,646
Sq. Ft.
$321
per Sq. Ft.

Description

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...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.
  1. Listed by Steven Level • DRE #01184232 • Brokerage DRE #01499008 • Berkshire Hathaway

Property Details for 1230 Pine Street

Cross Street
Susanna St
Total Parking Spaces
0

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute
LISTING UPDATED: 06/10/2024 02:18 PM

Property Details for 1230 Pine Street

StatusContingent - No Show
MLS #324036732
Days on Compass25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1927
Lot Size0.22 AC / 9,583 SF
CountyContra Costa County

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute

Building Information for 1230 Pine Street

Stories-Residences-Year Built1927Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$19,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,891

Property Taxes

$2,427

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1230 Pine Street

Summary
Location and General Information
  • Area/District: Martinez
  • Area Short Display: 5601
  • Directions to Property: 1230 Pine St, Martinez, CA
  • Area Long Display: Martinez
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 374-073-010
Parking
  • Parking Features: Street
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 9646.0
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 9583.0
  • Lot Features: Corner, Shape Regular
Property and Assessments
  • Picture Count: 29
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2024 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2024 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 9.99
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter, Slab
  • Levels: Two
  • Roof: Flat
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: Varies by Unit
  • Laundry Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Full
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 10
  • 1 Bedroom Rent Range: 1341-1650
  • 1 Bedroom Annual Occupancy: 97.00%
  • # of 1 Bedrooms Occupied: 10
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $309,744.00
Multi-Family Information
  • # Commercial Units: 4
  • # Of Buildings: 4
  • # Of Units Total: 22
  • # of Studio Units: 8
  • # Studios Occupied: 8
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: -
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: -
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 1230 Pine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1230 Pine Street

Taxable ValueLand$428,033Additions$993,430Total$1,421,463
Tax Record2023$29,126 ($2,427 / month)
Home Facts
Total Finished SqFt9,646 SqFtAbove Grade Finished SqFt9,646 SqFtStories1Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1927Year Renovated1930CountyCONTRA COSTAAPN374-073-010-0

Schools near 1230 Pine Street

This home is within Martinez Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
John Muir Elementary School
PublicK to 5

Martinez Junior High School
Public6 to 8

Alhambra Senior High School
Public9 to 12

Briones (Alternative) School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.