534 Allen St

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 1bd/1bth unit and a larger 2bd/1bth 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.
Located on the southern shore of the Carquinez Strait in the San Francisco Bay Area, Martinez is celebrated for its unique architecture and historic downtown ambiance. The city's downtown area retains a charming early 20th-century feel, complemented by the Martinez Regional Shoreline, which offers outdoor activities and panoramic views. Additionally, convenient access to I-680 and State Route 4 facilitates easy commuting and travel from Martinez.