Martinez, CA 94553,534 Allen St
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Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Martinez, CA 94553,534 Allen St
Listed by Steven Pinza • The Pinza Group, Inc
Bought with Steven Pinza

$900,000

Est. payment /mo

$965,000

6.7%
Est.Price: ?

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534 Allen St Martinez, CA 94553

2,699 SqFt

SOLD DATE : 04/28/2025

Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,699 sqft

Price per Sqft $333

MLS Listing ID MR41090494

Sold Date 04/28/25

Originating Board Bridge MLS

Year Built 1929

Lot Size 5,500 Sqft

Property Sub-Type Fourplex

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

Area Martinez

Interior

Heating Other

Cooling Other

Flooring Other

Laundry Other

Exterior

Exterior Feature Other

Parking Features Other

Garage Spaces 4.0

Roof Type Other

Building

Lot Description Other

Water Other

Others

Special Listing Condition Not Applicable

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Anna Ton

Agent | License ID: 02188651

+1(669) 899-7659

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