1830 Richardson St - Apartments FOR SALE


Martinez, CA 94553- Outer Richmond/Martinez
$1,795,000 USD
415-601-2779
1830 Richardson St, Martinez, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/14
null | 4.2% Cap Rate

1830 Richardson St
Martinez, CA 94553
Outer Richmond/Martinez


OVERVIEW

Exceptionally low-maintenance 5-unit apartment building in the heart of Martinez, offering strong income, minimal operating expenses, and rare development upside. This well-kept property sits on a desirable corner at Richardson and Robinson, featuring clean, straightforward systems and a simple building layout that makes long-term ownership remarkably efficient. Included in the sale are two additional parcels measuring approximately 4,822 sq ft and 5,144 sq ft, providing significant development potential—ideal for ADUs, additional units, garages, small-lot homes, or future value-add expansion (buyer to verify with the City of Martinez). The parcels enjoy excellent street frontage on a quiet residential block, giving developers and buy-and-hold investors attractive optionality. The existing 5-unit building produces steady, reliable income with very low turnover, easy management, and minimal ongoing costs. Its low-maintenance structure makes it an ideal investment for both local and out-of-area owners looking for a hassle-free asset with future upside. Centrally located near downtown Martinez, schools, parks, shopping, and major commuter routes, this property combines immediate cash flow with long-term development opportunity—a rare offering in today’s market.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,000

CAP RATE

4.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,235 SF

ZONING

-

APN/PARCEL ID

372-175-022-6

ASK ABOUT THIS PROPERTY

Jeff AppenrodtLaurel Realty & InvestmentsMore Info
415-601-2779

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Jeff AppenrodtLaurel Realty & InvestmentsMore Info
415-601-2779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.