811 Brown St - Apartments FOR SALE


Martinez, CA 94553- Outer Richmond/Martinez
$4,199,000 USD
530-401-1885
811 Brown St, Martinez, CA for Sale
$4,199,000 USD
Apartments - FOR SALE
1/35
null | 5.14% Cap Rate


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.
  • No City Rent Control in Martinez.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,199,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

12

PRICE/UNIT

$349,917

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Colonial Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R2.5

APN/PARCEL ID

372-261-006-4

ASK ABOUT THIS PROPERTY

Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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