1329 Santa Fe Ave, Martinez, CA 94553

The subject property, located at 1329 Santa Fe Ave is a well located, two story, four unit apartment building located in the heart of Martinez! The property was built in 1964 and has a concrete foundation, wood frame, vinyl exterior siding and flat roof. The property consists of one 3bd/2bth unit, one 1bd/1bth unit and two 2bd/1bth units! Each unit boasts wall to wall carpeting, and large kitchens and bathrooms. The units have significant rental upside, allowing the next investor to raise rents by at least 20%. The property exterior has been renovated to include fresh paint, landscaping, window trim, plants, and much more. The subject property is ideally located along the Sacramento and San Joaquin rivers in the central part of the Contra Costa County. The building has been professionally managed for the past few years, but still has numerous upgrades which could be made which would increase valuetremendously. Freeway access, public transit, shopping, dining, and much more are mere blocks from this property. Martinez is a city and the county seat of Contra Costa County, California, United States. The population was 35,824 at the 2010 census. The downtown is notable for its large number of preserved old buildings and up and coming downtown area. Martinez is located on the south side of the Carquinez Strait in the San Francisco Bay Area, directly facing the city of Benicia. Analysts predict 94553 values will increase 6% next year, compared to a 6% increase for Martinez as a whole. Foreclosures will be a factor impacting values in the next several years. In the 94553 market, the number of foreclosures waiting to be sold dropped 32.3% in the last year.