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40 Foster St 4 Unit Apartment Building $1,731,550 CAD ($432,887 CAD/Unit) Martinez, CA 94553
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 | $1,731,550 CAD | Building Class | C |
| Price Per Unit | $432,887 CAD | 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 |
| Zoning | R3, Martinez | ||
| Price | $1,731,550 CAD |
| Price Per Unit | $432,887 CAD |
| 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 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 372-051-015-9 | Improvements Assessment | $410,426 CAD |
| Land Assessment | $130,280 CAD | Total Assessment | $540,706 CAD |
Property Taxes
Parcel Number
372-051-015-9
Land Assessment
$130,280 CAD
Improvements Assessment
$410,426 CAD
Total Assessment
$540,706 CAD
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40 Foster St
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