Apartment Building With Tandem
For Sale
$15,495,000
720 Shell Avenue, Martinez, CA 94553
Residential income property with in-unit laundry, central HVAC, and controlled access.
Property Size43,929 SF
Lot Size1.60 Acres
Price / SF$352.73
Days on Market321
Property Features for 720 Shell Avenue
General Information
Standard status
Active
Size
43,929 SF
Total Parking Spaces
65
Elevators
Yes
Lot size
1.60 Acres
Property subtype
5+ Units / Five or More Units
Units
Unit Mix
30 x 1bd/1bth, 12 x 2bd/2bth
Multifamily Units
42
Additional Details
Public Transit
Yes
Amenities
controlled access
private garage
video patrol
24-hour access
door-to-door trash pickup
recycling
online services
fitness center
individual locking bedrooms
private bathrooms
granite countertops
stainless steel appliances
hardwood flooring
custom baseboards
recessed lighting
in-unit washer and dryer
central heating and air conditioning
Other
Other, Other
Building Details
Year Built
2014
Listing Agency:
The Pinza Group, Inc
Listed By:
Steven Pinza · License #01867691
(510) 725-4775
Source:
Compass
Added: Nov 29, 2025
Changed: Oct 10
Last Checked: Oct 16 at 10:45AM
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 The Pinza Group, Inc
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Investment Insights
Based on property information with market context.
This 42-unit apartment community was completed in 2014 on 1.6 acres at 720 Shell Avenue. The unit mix includes 30 one-bedroom, one-bath apartments and 12 two-bedroom, two-bath apartments. Interior features include granite countertops, stainless steel appliances, hardwood flooring, custom baseboards, recessed lighting, in-unit washers and dryers, and central heating and air conditioning. Select residences include tandem two-car garages, while the property also provides elevator service and controlled access.
Community amenities include a fitness center, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, individual locking bedrooms, and private bathrooms. The property has a parking ratio of 1.51/1,000 SF and is served by public transportation. Assumable financing is available at 4.65% interest, amortized over 35 years and fixed until 2050.
Community amenities include a fitness center, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, individual locking bedrooms, and private bathrooms. The property has a parking ratio of 1.51/1,000 SF and is served by public transportation. Assumable financing is available at 4.65% interest, amortized over 35 years and fixed until 2050.
Key Highlights
- 42 total units: 30 1bd/1bth and 12 2bd/2bth apartments
- Completed in 2014 on 1.6 acres
- Parking ratio of 1.51/1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$698,317
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,966,340
$14.0M
Cap Rate 7%
$9,975,957
$10.0M
Cap Rate 9%
$7,759,078
$7.8M
Market Conditions
NOI Build-Up for 43,929 SF
Gross rent
$1.33M $30.36/SF
− Vacancy
−$64.0K −$1.46/SF
EGI
$1.27M $28.90/SF
− OpEx
−$571.4K −$13.01/SF
NOI
$698.3K $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%
$13,966,340
Cap Rate 7%
$9,975,957
Cap Rate 9%
$7,759,078
Alternative Uses
Best Use
Apartment 5plus
$9.98M
$8.73M – $11.64M
NOI $698,317 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.61M
$14.53M – $19.37M
NOI $1,162,361 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
827
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property with in-unit laundry, central HVAC, and controlled access.
Where is this apartment building located?
The property is located at 720 Shell Avenue Martinez, CA.
What is the asking price?
The asking price for this property is $15,495,000.
What are key features of this property?
This property features: 42 total units: 30 1bd/1bth and 12 2bd/2bth apartments; Completed in 2014 on 1.6 acres; Parking ratio of 1.51/1,000 SF
