40 Carqueniz Scenic Dr (NEW PRICE!!) | 40 Carquinez Scenic Dr
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40 Carqueniz Scenic Dr (NEW PRICE!!) 40 Carquinez Scenic Dr
4 Unit Apartment Building $1,449,000 ($362,250/Unit) 5.40% Cap Rate Martinez, CA 94553
INVESTMENT HIGHLIGHTS
- Fully remodeled 2-bedroom, 1-bathroom units with modern updates.
- Features include recessed LED lighting, central heating, ceiling fans, dual-pane windows, inside laundry
- Prime location in Martinez, offering easy access to downtown, parks, scenic trails, and major commuter routes
- Updated kitchens with granite countertops, stainless steel appliances, and stylish bathrooms
- Scenic family room views of the Carquinez Strait
EXECUTIVE SUMMARY
This exceptional fourplex features four fully remodeled 2-bedroom, 1-bathroom units, each thoughtfully updated for modern comfort. One of the best locations in Martinez with Bay views from all four units, around the corner from Rankin Park, and a short walk to the core of Downtown Martinez. Highlights include a 5-year-old new roof, two-tone paint, sleek new kitchens with granite countertops and stainless steel appliances, stylish new bathrooms, upgraded flooring, and recessed LED lighting. Ceiling fans in all bedrooms, central heating, and dual-pane windows ensure year-round comfort, while fresh interior and exterior paint, new doors, and trim add to the property’s charm. Each unit boasts inside laundry and scenic views from the family room. A turnkey investment opportunity in a desirable Martinez location!
PROPERTY FACTS
| Price | $1,449,000 | Apartment Style | Garden |
| Price Per Unit | $362,250 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,420 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.83 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1970/2019 |
| Property Type | Multifamily | Parking Ratio | 2.34/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,449,000 |
| Price Per Unit | $362,250 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 12.83 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 3,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2019 |
| Parking Ratio | 2.34/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 855 |
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PROPERTY TAXES
| Parcel Number | 372-032-016-1 | Improvements Assessment | $503,934 |
| Land Assessment | $482,490 | Total Assessment | $986,424 |
PROPERTY TAXES
Parcel Number
372-032-016-1
Land Assessment
$482,490
Improvements Assessment
$503,934
Total Assessment
$986,424
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40 Carqueniz Scenic Dr (NEW PRICE!!) | 40 Carquinez Scenic Dr
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