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Address Not Available By Request

Martinez, CA 94553
  • $3,100,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 41038070
UPDATED: 73 min ago
$3,100,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Shawn Willis of Income Property Services (925-988-0502)


Description

The Masonic/Berrellesa Apartments located at 400 418 Masonic and 1011 1015 Berrellesa Streets, Martinez, is an immaculate, well located, multi-family property that has been carefully maintained and has now been brought to market for the first time in many years. The property features uncommon construction details that include low maintenance stucco exteriors, raised foundations, concrete steps, wrought iron railings, garages, individual water heaters, washer/dryer hookups and separate meters for gas and electricity. One of the buildings has separate water meters for all seven units, while the other building is master metered for water. The property has well designed floor plans and a mix of easy to rent units: (6) 1BR / 1BA of 750 s.f. +/- (5) 1BR / 1BA of 725 s.f. +/- (1) 1BR / 1BA of 700 s.f. +/- This is a rare opportunity to own property in one of the Bay Areas most desirable locations Downtown Martinez. The property is close to City and County Offices, Amtrak, Martinez Regional Shoreline, Martinez Marina and a plethora of shops, restaurants and cafes that make Martinez the charming, desirable city that it is. The property is also close to Diablo Valley College, Sun Valley Mall, BART, Interstate 680, and Highway 24.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143107469
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Address Not Available By Request Martinez, CA 94553

  • Price: $3,100,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 73 min ago
  • MLS #: 41038070
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1941
Built
Neighborhood:
Downtown
County:
Contra Costa
Property Description
The Masonic/Berrellesa Apartments located at 400 418 Masonic and 1011 1015 Berrellesa Streets, Martinez, is an immaculate, well located, multi-family property that has been carefully maintained and has now been brought to market for the first time in many years. The property features uncommon construction details that include low maintenance stucco exteriors, raised foundations, concrete steps, wrought iron railings, garages, individual water heaters, washer/dryer hookups and separate meters for gas and electricity. One of the buildings has separate water meters for all seven units, while the other building is master metered for water. The property has well designed floor plans and a mix of easy to rent units: (6) 1BR / 1BA of 750 s.f. +/- (5) 1BR / 1BA of 725 s.f. +/- (1) 1BR / 1BA of 700 s.f. +/- This is a rare opportunity to own property in one of the Bay Areas most desirable locations Downtown Martinez. The property is close to City and County Offices, Amtrak, Martinez Regional Shoreline, Martinez Marina and a plethora of shops, restaurants and cafes that make Martinez the charming, desirable city that it is. The property is also close to Diablo Valley College, Sun Valley Mall, BART, Interstate 680, and Highway 24.
Exterior Features

Construction Materials Stucco Lot Features Corner Lot Parking Total 9

Interior Features

Appliances Gas Water HeaterDryerWasher Heating Forced Air Heating YN Yes

Property Features

Cap Rate 5.11 Gross Scheduled Income 260052 Listing Service Full Service Net Operating Income 158309 Other Expense 9000 Tax Annual Amount 43086 Tenant Pays Gas Zoning Res



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Shawn Willis of Income Property Services (925-988-0502)