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720 Shell Ave
Martinez, CA 94553
Cascara Canyon - Tours: 3/19 & 3/24 11am-1pm · Multifamily Property For Sale
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42 Units
Investment Highlights
- Rare Opportunity: Two Assumable Life Insurance Loans w/ 35-Year Amortization, Maturing August 2050, Blended Rate of 4.65%
- RUBS System in Place - Greatly Minimizing Owner Expenses
- Prime Martinez Location - Offers Easy Access to North Concord/Martinez BART Station, Highway 4, and Interstate I-680
- Constructed in 2014 and Features Forty-Two (42) Total Units Including Thirty(30) 1bd/1bth and Twelve (12) 2bd/2bth Units on 1.6 Acres of Land
- Amenities Include Granite Countertops, Stainless Steel Appliances, Hardwood Flooring, Recessed Lighting, In-Unit Washer and Dryers, Central A/C
- Community Amenities Include Private Fitness Center, Amazon Package Locker, Private Attached and Detached Garages, Controlled Access, and More
Executive Summary
Property Tour Schedule: Thursday 3/19 from 11am-1pm & Tuesday 3/24 from 11am-1pm. Email for more info and deal room access.
The Pinza Group is pleased to present the Cascara Canyon Apartments at 720-740 Shell Ave in Martinez, CA. This offering features incredible long term fixed rate financing through August of 2050 at a blended 4.65% interest rate. This prime property comprises 42 total units, including 30 1bd/1bth and 12 2bd/2bth units, spread over an expansive 1.6 acres of land. Completed in 2014, it is the first apartment project built in Martinez in over 25 years, boasting a parking ratio of 1.51/1,000 SF, with select units offering tandem two-car garages for added tenant satisfaction. Each features granite countertops, stainless steel appliances, hardwood flooring, custom baseboards, recessed lighting, in-unit washer and dryer, and central heating and air conditioning. The property also offers a suite of community amenities including controlled access, private garage, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, public transportation, elevator, fitness center, individual locking bedrooms, and private bathrooms.
The Pinza Group is pleased to present the Cascara Canyon Apartments at 720-740 Shell Ave in Martinez, CA. This offering features incredible long term fixed rate financing through August of 2050 at a blended 4.65% interest rate. This prime property comprises 42 total units, including 30 1bd/1bth and 12 2bd/2bth units, spread over an expansive 1.6 acres of land. Completed in 2014, it is the first apartment project built in Martinez in over 25 years, boasting a parking ratio of 1.51/1,000 SF, with select units offering tandem two-car garages for added tenant satisfaction. Each features granite countertops, stainless steel appliances, hardwood flooring, custom baseboards, recessed lighting, in-unit washer and dryer, and central heating and air conditioning. The property also offers a suite of community amenities including controlled access, private garage, video patrol, 24-hour access, door-to-door trash pickup, recycling, online services, public transportation, elevator, fitness center, individual locking bedrooms, and private bathrooms.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Carpet
Site Amenities
- Fitness Center
- Picnic Area
- Pool
- Property Manager on Site
- Recycling
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 650 - 790 |
| 2+2 | 12 | - | 1,075 - 1,100 |
Property Taxes
| Parcel Number | 376-010-016-8 | Improvements Assessment | $10,612,080 |
| Land Assessment | $5,306,040 | Total Assessment | $15,918,120 |
Property Taxes
Parcel Number
376-010-016-8
Land Assessment
$5,306,040
Improvements Assessment
$10,612,080
Total Assessment
$15,918,120
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