Available For Sale - Multifamily

3,780 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,780 SF
Price/SF
Show Pricing $
Listing ID
SA454753
Notes
The Soto/Castro Street Multi-Family properties are clean, well located, desirable units in one of the East Bay’s best locations – Downtown Martinez. These properties represent a rare opportunity to own homes with desirable features, strong intrinsics and outstanding upside potential.



Unlike a traditional “apartment complex,” the subject properties consist of the following parcels:



Parcel One: 525-531 Soto Street:



525 Soto Street 1BR/1BA duplex unit of 575 s.f. ±

527 Soto Street 1BR/1BA duplex unit of 575 s.f. ±

529 Soto Street 1BR/1BA duplex unit of 525 s.f. ±

531 Soto Street 1BR/1BA duplex unit of 525 s.f. ±



Parcel Two: 2030-2040 Castro Street:



2030 Castro Street 2BR/1BA duplex unit of 790 s.f. ±

2040 Castro Street 1BR/1BA duplex unit of 790 s.f. ±



The Soto Street property consists of two buildings that sit on a legal parcel of approximately 5,000 s.f. per the Contra Costa County Tax Assessor. The buildings feature raised foundations, pitched composition shingle roofs, and stucco exteriors. The units are separately metered for PG&E. The owner has instituted a utility reimbursement program so that the residents will reimburse owner for water and trash services. Both on and off-street parking is available.



The Castro Street property consists of one building that sits on a legal parcel of approximately 4,500 s.f. per the Contra Costa County Tax Assessor. The building features a raised foundation, pitched composition shingle roof, and stucco exterior. The units are separately metered for PG&E. The owner has instituted a utility reimbursement program so that the residents will reimburse owner for water and trash services. Each unit features a garage and driveway parking, with off-street parking is available.



The properties can be owned and operated as they have for years to come. Alternatively, as many Martinez investors have realized, the property could benefit from a significant upside in rents after making upgrades to the units. We believe the subject property would respond well with additional amenities such as laminate flooring, solid surface counters, upgraded appliances, and modern paint schemes.



The City of Martinez is approximately 7.8 miles from downtown Concord and 11.4 miles from downtown Walnut Creek, which are both home to several major employers, including John Muir Health, Kaiser

Permanente, Safeway, Mt. Diablo Unified School District, Chevron, and PG&E to name a few. San Francisco’s financial district is currently 53 minute commute via North Concord BART which is easily accessible from downtown Martinez.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Shawn Willis, Income Property Services A.G.
BRE# CA DRE #01095619