534 Allen St, Martinez, CA 94553

About this fourplex

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.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$900,000

Sold April 2025 · listed $965,000, on market March 2025 · MLS #41090494 · Source: CRMLS

Listing Agent: Steven Pinza · Listing Office: The Pinza Group, Inc · Contact: 510-725-4775 · Bought with: Steven Pinza · MLSListing

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