The Colonial Apartments
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.
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