1035 Estudillo St Martinez, CA 94553-1621
- Apartment buildings
- 4,038 SF
- 0.23 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1035 Estudillo St
- Year built
- 1951
- Lot size
- 0.23 lot acres
- Property size
- 4,038 SF
- Property type
- Apartment buildings
- APN
- 372-363-005-3
- APU
- 3723630053
Description
This exceptional multifamily investment property in Martinez, California, presents a compelling value-add opportunity. Located at 1035 Estudillo Street, this property comprises two buildings on a generous 10,000 square foot lot zoned R12. The complex includes a detached single-family home with three bedrooms and one bathroom, along with a five-unit apartment building. The apartment building features four one-bedroom, one-bathroom units and one studio apartment. All units are currently 100% occupied and individually metered for utilities, simplifying management and maximizing efficiency. The property boasts four garages and ample additional parking. Its prime downtown Martinez location offers easy access to local amenities, restaurants, shops, and transportation, including convenient access to Highways 4, 24, and 680, the train station, and BART. The R12 zoning presents exciting potential for future development, such as the addition of accessory dwelling units (ADUs) or redevelopment. This property offers a strong blend of residential units with a projected 7.50% capitalization rate, making it an ideal investment for those seeking a low-maintenance, high-cash-flow opportunity. The asking price is $1,699,000. The property's Assesor's Parcel Number (APN) is 372-363-005. This is a ground lease-free property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,480,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,465,000
- Geo Method
- $1,255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,345,000
- Retail
- $1,345,000
- Mixed-Use
- $1,290,000
- Hospitality
- $1,470,000
- Educational
- $1,325,000
- Residential Income
- $1,440,000
- Energy
- $1,345,000
- Income-Based Land
- $1,425,000
- Food Service
- $1,210,000
Location Insight
- Map
- Local Demand
- City
- Martinez
- County
- Contra Costa
- State
- California
- Longitude
- -122.135
- Latitude
- 38.0153
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
