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The Colonial Apartments 811 Brown St 12 Unit Apartment Building $4,199,000 ($349,917/Unit) 5.14% Cap Rate Martinez, CA 94553
Investment Highlights
- Turn-Key Opportunity in a Highly Sought-After Neighborhood.
- Units Feature Central HVAC, Laminate Plank Flooring, and Updated Kitchens with Stainless Steel Appliances, Granite Countertops and New Cabinetry.
- Each Unit Offers Covered Carport Parking, with Select Residences Featuring a Private Balcony or Patio.
- Desirable Unit Mix of Mostly Large Two-Bedroom Floor-plans.
- Excellent Location on a Quiet Residential Street, Just a Block from Martinez Junior High School, and Walking Distance to Historic Downtown Martinez.
- No City Rent Control in Martinez.
Executive Summary
ALIVE Commercial Real Estate is proud to exclusively present The ColonialApartments, a fully turn-key multifamily community located at 811 Brown Street in Martinez, CA. Originally constructed in 1964, the property features a highly desirable unit mix consisting of (6) two-bedroom / one-bath townhomes, (3) two-bedroom / one-bath flats, and (3) one-bedroom / one-bath units. Each unit offers functional layouts, modern finishes, and covered carport parking — amenities that continue to attract quality tenants. Ten of the twelve units have undergone extensive renovations, including upgraded kitchen cabinetry, new appliances, and durable laminate plank flooring. These interior improvements, combined with the property’s spacious floorplans, and onsite laundry, position The Colonial Apartments competitively within the local rental market and have contributed to strong historical occupancy. The Martinez multifamily market is characterized by limited inventory, low vacancy, and steady tenant demand. With minimal new construction and high barriers to entry, the market benefits from favorable supply-and-demand fundamentals that support long-term rent growth and investment stability. The next owner will acquire a well-maintained, professionally managed asset with no current vacancy, offering immediate cash flow and long-term upside potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$324,348
|
$28.28
|
| Other Income |
$15,780
|
$1.38
|
| Vacancy Loss |
$9,730
|
$0.85
|
| Effective Gross Income |
$330,398
|
$28.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$114,663
|
$10.00
|
| Net Operating Income |
$215,735
|
$18.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $324,348 |
| Annual Per SF | $28.28 |
| Other Income | |
|---|---|
| Annual | $15,780 |
| Annual Per SF | $1.38 |
| Vacancy Loss | |
|---|---|
| Annual | $9,730 |
| Annual Per SF | $0.85 |
| Effective Gross Income | |
|---|---|
| Annual | $330,398 |
| Annual Per SF | $28.81 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $114,663 |
| Annual Per SF | $10.00 |
| Net Operating Income | |
|---|---|
| Annual | $215,735 |
| Annual Per SF | $18.81 |
Property Facts
| Price | $4,199,000 | Building Class | C |
| Price Per Unit | $349,917 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 11,468 SF |
| Cap Rate | 5.14% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R2.5 | ||
| Price | $4,199,000 |
| Price Per Unit | $349,917 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,468 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R2.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Refrigerator
- Range
- Deck
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 557 |
| 2+1 | 9 | - | 1,066 - 1,143 |
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Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 372-261-006-4 | Improvements Assessment | $2,522,075 |
| Land Assessment | $1,273,449 | Total Assessment | $3,795,524 |
Property Taxes
Parcel Number
372-261-006-4
Land Assessment
$1,273,449
Improvements Assessment
$2,522,075
Total Assessment
$3,795,524
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The Colonial Apartments | 811 Brown St
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