627 Richardson St

This prime investment opportunity at 627 Richardson Street in Martinez, CA, features six 1-bedroom, 1-bath units on a 5,000 sq. ft. lot. With a stable tenant base and two vacant units, there is potential for owner occupancy or leasing at market rent. Current rents are approximately 30% below market, offering significant upside through turnover, capital improvements, or tenant buyouts. Situated in an area free from city rent control, this property is ideally located just blocks from the Martinez Marina and near popular coffee shops, restaurants, hospitals, schools, parks, and public transportation. The property just underwent an exterior facade and paint project, significantly increasing the aesthetic appeal.
Situated along the southern shore of the Carquinez Strait in the San Francisco Bay Area, Martinez boasts unique architecture, with downtown shops and restaurants maintaining an early 20th-century charm. The city was once home to John Muir, “The Father of Our National Park System,” and his influence can be felt at the John Muir National Historic Site, as well as in Martinez’s 16 city parks and marina. Residents enjoy outdoor activities at the popular Martinez Regional Shoreline and can engage in local nightlife at spots like Armando’s for live music or the California Magic Dinner Theatre. With Amtrak, BART, and easy access to I-680 and State Route 4, Martinez offers seamless connectivity to the wider Bay Area.