2344 Scenic Ave, Martinez, California 94553, Martinez, 94553 - 3 bed, 2 bath
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Martinez, California 94553
This property presents a High-Potential Investment Opportunity with a List Price of $657,000—positioned well below the $686,284 Fair Market Value by 4%. This valuation gap offers $29,284 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant modernization, yet offers a unique dual-unit income potential and a tremendous 200-degree panoramic view. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage renovation for long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2344 Scenic Ave Subject | $657,000* List Price | 3 | 2 | 1,637 | $419 | - |
A 855 Bella Vista Ave Sold | $685,000 | 3 | 2 | 1,489 | $460 | 0.5 mi |
B 2340 2340 Yale St Sold | $540,000 | 3 | 2 | 1,272 | $425 | 0.7 mi |
C 1050 Sierra Ave Active | $599,000 List Price | 3 | 2 | 1,795 | $334 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 and explicitly described as needing upgrades and paint, this property is a clear rehab candidate. Interior photos show dated finishes, old carpeting, and window AC units indicating a lack of modern HVAC systems, while the kitchen and studio areas require significant modernization.
The property features a tremendous 200-degree view including Mt. Diablo from the upper deck, providing a high-value aesthetic feature that is a significant draw for the Alhambra Heights area.
With a 2-bedroom main level and a separate large studio unit below, this property offers excellent flexibility for rental income, house-hacking, or multi-generational living.
Situated on a large 6,955 sq. ft. lot with potential for an additional unit, the home is priced to allow an enterprising buyer to build immediate equity through necessary renovations and expansion.
The residence requires comprehensive updates, including paint and interior modernization, which will necessitate an immediate post-purchase investment and may affect some financing options.
The assigned elementary and middle schools carry lower performance ratings (3 and 4 respectively), which may be a deterrent for families prioritizing top-tier school districts.
Excellent opportunity to own a view home with extra unit and a large lot. 2 bedroom/1 bath upstairs, large studio unit below. Home needs paint, upgrades, etc., and is priced accordingly. This is your chance to gain equity and have an income property as well. Upper portion has deck with a tremendous 200 degree view including Mt. Diablo. Yard has plenty of room as well- possibly room for another unit if allowed! Great fit for the enterprising Buyer!
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,637 | 1,901 |
| Lot Size | 6,955 | 6,000 |
| Price | $657.0K | $865.7K |
| Price per sq ft | $401 | $513 |
| Built year | 1947 | 1965 |
| HOA | $0 | $117 |
| Days on market | 12 | 40 |
Jul 10, 2026
$657,000
Initial Listing
Sep 30, 2005
$500,000
Public Record