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Listed by Jeff Appenrodt Laurel Realty & Investment
$ 1,795,000
Est. payment | /mo
6 Beds
4 Baths
3,018 SqFt
$ 1,795,000
Est. payment | /mo
6 Beds
4 Baths
3,018 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $594
MLS Listing ID 425088724
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1958
Lot Size 4,338 Sqft
Acres 0.0996
Property Sub-Type Multi Family
Property Description
Exceptionally low-maintenance 5-unit apartment building in the heart of Martinez, offering strong income, minimal operating expenses, and rare development upside. This well-kept property sits on a desirable corner at Richardson and Robinson, featuring clean, straightforward systems and a simple building layout that makes long-term ownership remarkably efficient. Included in the sale are two additional parcels measuring approximately 4,822 sq ft and 5,144 sq ft, providing significant development potentialideal for ADUs, additional units, garages, small-lot homes, or future value-add expansion (buyer to verify with the City of Martinez). The parcels enjoy excellent street frontage on a quiet residential block, giving developers and buy-and-hold investors attractive optionality. The existing 5-unit building produces steady, reliable income with very low turnover, easy management, and minimal ongoing costs. Its low-maintenance structure makes it an ideal investment for both local and out-of-area owners looking for a hassle-free asset with future upside. Centrally located near downtown Martinez, schools, parks, shopping, and major commuter routes, this property combines immediate cash flow with long-term development opportunitya rare offering in today's market.
Location
State CA
County Contra Costa
Area Martinez
Interior
Fireplace No
Exterior
Total Parking Spaces 3
Building
Lot Description Other
Level or Stories Two
New Construction No
Others
Tax ID 3721750226
