5-Unit Apartment
For Sale
$939,000
1601 Castro St, Martinez, CA 94553
A shared courtyard and a separate stairway to the upper unit distinguish the property’s residential layout.
Property Size3,486 SF
Price / SF$269.36
Days on Market8
Property Features for 1601 Castro St
General Information
Standard status
Active
Size
3,486 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Amenities
shared courtyard
Building Details
Construction
Craftsman
Listing Agency:
HomeSmart ICARE Realty
9938680
Listed By:
Pamela Thiessen
6422940
Source:
Exprealty
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart ICARE Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Craftsman-style rental property in Martinez comprises four apartments and a fifth unit positioned above the garage. The upper unit has its own stairway, while residents share a courtyard on the property.
The property is near downtown Martinez, schools, shopping and the waterfront. Its five-unit configuration and courtyard are key physical features of the offering.
The property is near downtown Martinez, schools, shopping and the waterfront. Its five-unit configuration and courtyard are key physical features of the offering.
Key Highlights
- Five residential units: four in the main building and one above the garage
- Separate stairway access serves the unit above the garage
- Shared courtyard on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,415
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,300
$1.1M
Cap Rate 7%
$791,643
$791.6K
Cap Rate 9%
$615,722
$615.7K
Market Conditions
NOI Build-Up for 3,486 SF
Gross rent
$105.8K $30.36/SF
− Vacancy
−$5.1K −$1.46/SF
EGI
$100.8K $28.90/SF
− OpEx
−$45.3K −$13.01/SF
NOI
$55.4K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,300
Cap Rate 7%
$791,643
Cap Rate 9%
$615,722
Alternative Uses
Best Use
Apartment 5plus
$791.6K
$692.7K – $923.6K
NOI $55,415 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,240 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 94553, CA
49,756
Population
19,626
Households
2.5
Avg Household Size
42
Median Age
42%
College-Educated
94%
High-School Grad
61.6 sq mi
ZIP Area
808
Density / Sq Mi
$121,023
Median Household Income
$70,337
Median Earnings
$2,247
Median Rent
$781,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A shared courtyard and a separate stairway to the upper unit distinguish the property’s residential layout.
Where is this apartment building located?
The property is located at 1601 Castro St Martinez, CA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Five residential units: four in the main building and one above the garage; Separate stairway access serves the unit above the garage; Shared courtyard on the property
