228 Arreba St., Martinez, California 94553, Martinez, 94553 - 2 bed, 1 bath
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Martinez, California 94553
This Vintage Single-Family Residence is a Strong Value Opportunity, listed at $529,000—positioned well below the $548,140 Fair Market Value by 3%. This valuation gap offers $19,140 in Instant Equity for buyers. The property maintains a Good Condition Rating, featuring a modern kitchen with white shaker cabinetry, stainless steel appliances, and updated flooring. Located less than a mile from downtown Martinez and near Alhambra Senior High, it balances historic charm with commuter convenience. This is an ideal opportunity for first-time buyers or Buy-and-Hold Investors seeking a turnkey, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 Arreba St. Subject | $519,000* List Price | 2 | 1 | 873 | $628 | - |
A 1126 Henrietta St Sold | $468,500 | 1 | 1 | 680 | $689 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with several modern updates. Although originally built in 1924, the interior features a kitchen updated with white shaker-style cabinetry and stainless steel appliances (stove and microwave). The flooring has been replaced with modern laminate/engineered wood, and the bathroom is clean and functional. The presence of crown molding, updated light fixtures, and custom window shades indicates the home has been renovated within the 5 to 15-year window required for a 'good' rating, showing minimal wear and tear.
Located less than a mile from downtown Martinez, providing easy walking access to local shops, breweries, galleries, and the waterfront.
This 1920s single-story home offers a unique historic character and a 'simpler time' aesthetic that is highly sought after in the Martinez market.
The property is free from homeowners association fees and restrictive covenants, offering more financial freedom and lower monthly carrying costs.
With only 873 square feet of living space, the interior layout may be restrictive for buyers requiring a home office or additional storage.
The 1,900 square foot lot offers very limited outdoor space, which may be a drawback for buyers seeking a large yard or room for future expansion.
Built in 1924, the property may require significant ongoing maintenance or future capital expenditures to address aging structural or mechanical systems.
Step back to a simpler time with this 1920s vintage single-story home, located less than one mile from downtown Martinez. The layout offers a comfortable living experience with everyday convenience close at hand. Downtown shops, breweries, galleries, the waterfront, nearby trails, and Contra Costa County employment centers are all within close reach, along with quick access to Highways 4 and 680. Inside, the home includes an updated refrigerator and stove, along with custom window shades throughout. No homeowners association or related fees. Open Saturday April 18, 1-3p.m.
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 | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 873 | 1,709 | 4% |
| Lot Size | 1,900 | 7,095 | 1% |
| Price | $519.0K | $849.5K | 6% |
| Price per sq ft | $595 | $487 | 82% |
| Built year | 1924 | 1966 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 155 | 25% |
Apr 9, 2026
$519,000
$529,000
-2% Price Drop
Initial Listing
Jan 23, 2026
$529,000
Initial Listing
Mar 29, 2023
$505,000
Public Record
Nov 1, 2011
$175,000
Public Record
Jan 20, 2006
$456,000
Public Record
Apr 23, 2002
$182,000
Public Record