721-735 Mellus St, Martinez, CA 94553

10 Unit Apartment Building | $2,400,000 ($240,000/Unit) | 6.38% Cap Rate | Martinez, CA 94553

Asking Price $2,400,000

Property Type: Multifamily
Square Feet: 5,637 SF

Listing Contacts

Shawn Willis

Verified Profile

Property Info

Property Overview

The Mellus/Ferry Apartments located at 721 Mellus Street, Martinez, is a clean, well-located, multi-family property that has been well maintained and represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Downtown Martinez. The property is minutes away from three BART stations, and walking distance to the shopping, cafes, and coffee shops in Downtown Martinez. The property is also close to Highways I-680, 24 and 4 and provides access to recreational opportunities such as Rankin Aquatic Center, Waterfront Park, Martinez Regional Shoreline, George Miller Regional Trail, Carquinez Straight Regional Shoreline, Briones Regional Park and the Martinez Marina. Martinez is also the County Seat of Contra Costa County and home to three hospitals.
The two-story property features uncommon construction details that include raised foundations, low maintenance stucco exteriors, pitched, composition shingle and flat roofs, garages, individual water heaters, washer/dryer hookups and separate meters for gas and electricity. The property has well designed floor plans and a mix of easy to rent units:
(8) 1BR / 1BA Townhouses of 564 s.f. +/-
(1) 2BR / 1.5BA Townhouse of 678 s.f. +/-
(1) Studio of 450 s.f. +/-
The complex consists of four buildings that sit on a legal parcel that totals approximately 10,000 s.f. per the Contra Costa County Tax Assessor.

Property Details

Class: C
Year Built/Renovated: 1938/2024
Stories: 2
Lot Size (sq. ft): 10,019 SF
Units: 10

Highlights

Add Value Property In Desirable Location
Hard to Find Amenities - Mostly Townhouse Units
Garages
Washers/Dryers
Individual Water Heaters
Separately Metered PG&E

Nearby Properties

$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details
$1,150,000

5,484 SF | 100% Leased | Industrial Building | North Charleston, SC 29406 | $1,150,000 ($210/SF) | 1% Cap Rate

5639 Pullman Ave
North Charleston, SC 29406

View Details
40,000 SF | Industrial Building | Dahlonega, GA 30533 | For Sale

00 Lumpkin County Pkwy
Dahlonega, GA 30533

View Details
University Crossing Office Building

6,926 SF Office Condo Unit in Dayton, OH 45417

1435 Cincinnati St
Dayton, OH 45417

View Details
Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details

Similar Properties

$2,400,000

BEACHCOMBER

57 Unit Apartment Building | $2,400,000 ($42,105/Unit) | 9.50% Cap Rate | Conesus, NY 14435

5909 Lake Rd
Conesus, NY 14435

View Details
$2,400,000

4,800 SF | 42% Leased | Retail Building | Los Angeles, CA 90020 | $2,400,000 ($500/SF)

327 Western Ave
Los Angeles, CA 90020

View Details
$2,400,000

Rezoned- Mixed Use- development opportunity

18.6 Acres of Commercial Land Offered at $2,400,000 USD in Penfield, NY 14526

1810 Fairport Nine Mile Point Rd
Penfield, NY 14526

View Details
$2,400,000

52,000 SF | Retail Building | Young Harris, GA 30582 | $2,400,000 ($46/SF)

1159 Jack Dayton Cir
Young Harris, GA 30582

View Details
$2,400,000

13,000 SF | Industrial Building | Longview, TX 75603 | $2,400,000 ($185/SF)

3649 Estes Pkwy
Longview, TX 75603

View Details
$2,400,000

BE Safe Climate Storage Lease-Up Opportunity

16,250 SF Specialty Building Offered at $2,400,000 in Douglas, GA 31533

526 Bowens Mill Rd
Douglas, GA 31533

View Details
$2,400,000

3,706 SF | 100% Leased | Retail Building | Miami, FL 33142 | $2,400,000 ($648/SF)

2829 13Th Ave
Miami, FL 33142

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].