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31110715
31110726

811 Brown St, Martinez, CA 94553

SM
CA CA 01940191
ALIVE Commercial Real Estate
IM
CA 02153945
ALIVE Commercial Real Estate
Listed by ALIVE Commercial Real Estate
$3,875,000
88 days on market
Updated 12 days ago

The Colonial Apartments

Details
APN 372-261-006-4
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,468
Units 12
Cap Rate 5.64%
NOI $218,734
Occupancy 100%
Pro-Forma Cap Rate 6.37%
Pro-Forma NOI $246,681
Price per SqFt $338
Year Built 1964
Buildings 1
Stories 3
Acreage 0.340
Sale Condition N/A

Multifamily | 12 Units | $322,917/unit

Marketing description

ALIVE Commercial Real Estate is proud to exclusively present The ColonialApartments, a fully turn-key multifamily community located at 811 Brown Street in Martinez, CA. Originally constructed in 1964, the property features a highly desirable unit mix consisting of (6) two-bedroom / one-bath townhomes, (3) two-bedroom / one-bath flats, and (3) one-bedroom / one-bath units. Each unit offers functional layouts, modern finishes, and covered carport parking — amenities that continue to attract quality tenants. Ten of the twelve units have undergone extensive renovations, including upgraded kitchen cabinetry, new appliances, and durable laminate plank flooring. These interior improvements, combined with the property’s spacious floorplans, and onsite laundry, position The Colonial Apartments competitively within the local rental market and have contributed to strong historical occupancy. The Martinez multifamily market is characterized by limited inventory, low vacancy, and steady tenant demand. With minimal new construction and high barriers to entry, the market benefits from favorable supply-and-demand fundamentals that support long-term rent growth and investment stability. The next owner will acquire a well-maintained, professionally managed asset with no current vacancy, offering immediate cash flow and long-term upside potential.

Investment highlights

  • Turn-Key Opportunity in a Highly Sought-After Neighborhood.
  • Desirable Unit Mix of Mostly Large Two-Bedroom Floor-plans.
  • Units Feature Central HVAC, Laminate Plank Flooring, and Updated Kitchens with Stainless Steel Appliances, Granite Countertops and New Cabinetry.
  • Excellent Location on a Quiet Residential Street, Just a Block from Martinez Junior High School, and Walking Distance to Historic Downtown Martinez.
  • Each Unit Offers Covered Carport Parking, with Select Residences Featuring a Private Balcony or Patio.
  • Solar System Helps Off-Set Owner's Electric Costs.
  • No City Rent Control in Martinez.

Listing Contacts

SM
CA CA 01940191
ALIVE Commercial Real Estate
IM
CA 02153945
ALIVE Commercial Real Estate
Listed by ALIVE Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$218,734.00
$18,227.83/mo

Valuation Metrics

0
DSCR
5.64%
Cap Rate
5.64%
ROI

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Additional Information

Name
Spencer Moyer
License
CA 01940191
Brokerage
ALIVE Commercial Real Estate
Title
Managing Director
Brokerage Address
5905 Granite Lake Drive
Name
Isaac Merritt
License
02153945
Brokerage Phone
9168854204
Brokerage Address
5905 Granite Lake Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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