534-536 Allen Street in Martinez, CA, is a strategically situated four-unit property on a 5,500 SqFt corner lot, enhancing tenant privacy and access. The property’s diverse mix comprises two detached 1bed/1bath cottages, each with their own direct street access and exclusive Castro St. addresses, adding a layer of convenience and appeal. Additionally, there is a duplex that includes a 1bed/1bath unit and a larger 2bed/1bath unit. The corner lot also hosts a private gated courtyard and four garages currently utilized as storage, offering significant potential for extra income through ADU conversion or as paid storage facilities. Fully occupied, the property benefits from a stable tenant base while presenting substantial rental growth opportunities, as current rents are over 25% below market rates. This setup not only ensures a steady cash flow but also positions the property for substantial growth in Martinez, a city free from local rent control.
Property Details
Price:
$965,000
MLS #:
41090494
Status:
Pending
Baths:
0
Address:
534 Allen St
Type:
Residential Income
Subtype:
Quadruplex
City:
Martinez
Listed Date:
Mar 22, 2025
State:
CA
ZIP:
94553
Lot Size:
5,500 sqft / 0.13 acres (approx)
Year Built:
1929
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Parking Features
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Parking Spots
4.00
Financial
Association Fee
0.00
Map
Community
- Address534 Allen St Martinez CA
- CityMartinez
- CountyContra Costa
- Zip Code94553
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534 Allen St
Martinez, CA
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