127 Arreba St, Martinez, California 94553, Martinez, 94553 - 4 bed, 1 bath
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Martinez, California 94553
This 1919-built Residential Asset is a strategic acquisition for those targeting forced appreciation through intensive redevelopment. Listed at $499,000, the property is valued against a $440,922 Fair Market Value, with the pricing reflecting the value of City Permits ready for a 4-bedroom, 2.5-bath remodel and a potential two-unit split. Despite a Condition Rating of 5, the location near Downtown Martinez and Alhambra Senior High School ensures strong market demand. This project offers significant value-add potential, making it an ideal match for Fix-and-Flip Investors and Contractors.
Property is extensive renovation needed.
Built in 1919, this property requires substantial rehabilitation and is marketed specifically to contractors and investors. The current configuration of four bedrooms and only one bathroom is functionally obsolete, and the listing confirms the need for a full-scale remodel. While a newer roof exists on the front portion, the overall condition necessitates significant repairs to major systems and interiors to meet modern safety and living standards.
The property offers significant upside with city permits already ready for a 4-bedroom, 2.5-bath remodel and the potential to split the residence into two separate units.
Situated near historic Downtown Martinez, the property provides excellent walkability and convenience to local amenities, dining, and transit options.
A newer roof and gutters have been installed on the front portion of the home, reducing the immediate capital expenditure required for essential exterior maintenance.
The property is in a condition that requires a full-scale renovation, making it suitable only for cash buyers, contractors, or investors prepared for a major project.
Built in 1919, the current configuration of four bedrooms served by only one bathroom is impractical for modern families and necessitates the planned layout changes.
Calling contractors/investors, opportunity knocks. Spacious SFR near historic Downtown Martinez with potential to split into two units (plz check and confirm with city). City Permits ready to issue for remodeling into 4 bedrooms and 2.5 baths. Newer roof and gutters installed for front part of house. Very convenient location.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,702 | 1,717 | 50% |
| Lot Size | 4,400 | 7,095 | 14% |
| Price | $499.0K | $849.5K | 4% |
| Price per sq ft | $293 | $482 | 3% |
| Built year | 1919 | 1966 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 155 | 5% |
Mar 11, 2026
$499,000
Initial Listing