Log In/Sign Up
Your email has been sent.
40 Foster St
Martinez, CA 94553
Multifamily Property For Sale
·
4 Units
Investment Highlights
- EASY VALUE ADD OPPORTUNITY
- FANTASTIC VIEWS
- NEW ROOF & WINDOWS
- WALK TO DOWNTOWN & PROPOSED MARTINEZ WATERFRONT PROJECT
Executive Summary
40 FOSTER ST. IS AN EXCELLENT VALUE ADD FOURPLEX OPPORTUNITY NEAR DOWNTOWN MARTINEZ. THE PROPERTY HAS AMAZING VIEWS OF BOTH THE BAY AND THE MARTINEZ VALLEY. CONSISTING OF FOUR TWO-BEDROOM, ONE-BATH APARTMENTS AT ABOUT 828 SF EACH WITH ONSITE COIN-OPERATED LAUNDRY, CARPORT PARKING, NEW WINDOWS & ROOF. NO LOCAL RENT CONTROL CREATES AN EASY REPOSITIONING OPPORTUNITY WITH A FEW INTERIOR UPDATES AND SOME RENT INCREASES ALLOWING FOR A FULL MARKET RENT STABILIZED INVESTMENT QUICKLY AND EVEN SOONER WITH SOME NATURAL TURNOVER. ADDITIONAL UPSIDE IN ANCILLARY INCOME AS WELL WITH OWNED LAUNDRY EQUIPMENT. FANTASTIC VIEW OF CARQUINEZ BAY ON ONE SIDE, AND DOWNTOWN ON THE OTHER. ONE BLOCK FROM RANKIN SWIN CENTER AND PARK.
Property Facts
| Price Per Unit | $302,500 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,312 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2005 |
| Apartment Style | Low-Rise | Parking Ratio | 2.42/1,000 SF |
| Building Class | C | ||
| Zoning | R3, Martinez | ||
| Price Per Unit | $302,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2005 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | R3, Martinez |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 828 |
Property Taxes
| Parcel Number | 372-051-015-9 | Improvements Assessment | $296,285 |
| Land Assessment | $94,049 | Total Assessment | $390,334 |
Property Taxes
Parcel Number
372-051-015-9
Land Assessment
$94,049
Improvements Assessment
$296,285
Total Assessment
$390,334
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
