Excellent Value Add Fourplex Opportunity
$1,250,000
40 Foster Street, Martinez, CA 94553
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 03/26/2026
53,888
NOI
3,312 sqft
Building Size
Details:
NOI: $53,888
Building Size: 3,312 sqft
Lot Area: 5,555 sqft
Units: 4
GRM (Pro Forma): 11.17
Year Built: 1964
Price Per Sqft: $377.42
Price Per Unit: $312,500
Highlights:
- 40 Foster St. is an Excellent Value Add Fourplex Opportunity Near Downtown Martinez. The Property Has Amazing Views of Both the Bay and the Martinez Valley. Consisting of Four Two-Bedroom, One-Bath Apartments at About 812 SF Each with Onsite Coin-Operated Laundry, Carport Parking, and More.
- No Local Rent Control Creates an Easy Repositioning Opportunity with a few Interior Updates and Some Rent Increases... 2025-2026 Rent Increase Allowance is 6.3% Allowing for a Full Market Rent Stabilized Investment within 3 Years and Even Sooner with Some Natural Turnover.
- Upside in Ancillary Income as well with Owned Laundry Equipment Option!
- New Roof & Windows!
Documents:
| Title | ||
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| Offering Memorandum |
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Location
Gallery
