534 Allen St new Save Request In-Person Tour Request Virtual Tour
Martinez,CA 94553
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,699 sqft
Price per Sqft $357
MLS Listing ID 41090494
HOA Y/N No
Year Built 1929
Lot Size 5,500 Sqft
Acres 0.13
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
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Exterior
Exterior Feature Other
Utilities Available Other Water/Sewer
Building
Lot Description Other
New Construction No