3120 Pacheco Blvd, Martinez, California 94553, Martinez, 94553 - bed, bath
ACTIVE$885,000/sqft
3120 Pacheco Blvd, Martinez, California 94553
0Bed
0Bath
Sqft
4,456Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex with all units currently occupied, ensuring immediate positive cash flow and a diversified income stream for an investor.
Top Cons:
Age of Property: Built in 1938, the property is quite old, which may imply potential for deferred maintenance, outdated systems (plumbing, electrical, HVAC), and higher ongoing repair costs compared to newer constructions.
Compared to the nearby listings
Price:$885.0K vs avg $955.0K ($-70,000)43%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1938 (88 years old).
Condition: The property, built in 1938, has received notable cosmetic updates such as granite countertops, updated kitchen cabinets, hardwood flooring, and tile flooring in various units, making it move-in ready. However, the kitchen appliances are older white models, and the overall age of the structure suggests that underlying major systems (e.g., HVAC, electrical, plumbing) may be outdated or nearing the end of their lifespan, despite the visible improvements. It is aged but maintained, with functional but somewhat outdated components.
Year Built
1938
Close
-
List price
$885K
Original List price
$885K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41121246
Home ConditionFair
Features
View-
About this home
2 LOTS FOR THE PRICE OF ONE. POSITIVE CASH FLOW. Convenient Martinez location. Triplex with paved driveway and all units are occupied. Front house is 2-bedrooms/1-bath, living room, dining area and laundry room, granite counter tops, hardwood floors. Back 2 units is 1-bedroom/1-bath and living room, kitchen has granite counter tops, tile flooring. Triplex is located on 1 lot and the 2nd lot (APN#3752430045) is currently used for tenant parking and RV. Combined lot size for both lots is 8,929 sq. ft. Both lots to be sold together. Live in one unit and collect rent on.
J
Jaswant Kaur
Listing Agent
Nearby schools
6/10
John Muir Elementary School
Public,•K-5•1.0mi
8/10
Morello Park Elementary School
Public,•K-5•1.0mi
3/10
Las Juntas Elementary School
Public,•K-5•1.0mi
4/10
Martinez Junior High School
Public,•6-8•1.3mi
7/10
Alhambra Senior High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
04/14/98
Sold
$220,000
07/29/11
Sold
$197,000
05/04/05
Sold
$490,000
Condition Rating
Fair
The property, built in 1938, has received notable cosmetic updates such as granite countertops, updated kitchen cabinets, hardwood flooring, and tile flooring in various units, making it move-in ready. However, the kitchen appliances are older white models, and the overall age of the structure suggests that underlying major systems (e.g., HVAC, electrical, plumbing) may be outdated or nearing the end of their lifespan, despite the visible improvements. It is aged but maintained, with functional but somewhat outdated components.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with all units currently occupied, ensuring immediate positive cash flow and a diversified income stream for an investor.
Two Lots for One Price: The inclusion of a second lot (APN#3752430045) with a combined size of 8,929 sq. ft. offers significant value, potential for future development, or enhanced utility like tenant parking and RV storage.
Owner-Occupier Investment Opportunity: The property provides the flexibility for an owner to live in one unit while collecting rent from the other two, effectively offsetting mortgage costs.
Updated Interior Features: Units feature desirable updates such as granite countertops, hardwood floors in the front house, and tile flooring in the back units, enhancing tenant appeal and reducing immediate renovation needs.
Paved Driveway & Ample Parking: The presence of a paved driveway and a dedicated second lot for tenant parking and RV storage provides practical amenities, improving tenant satisfaction and property functionality.
Cons
Age of Property: Built in 1938, the property is quite old, which may imply potential for deferred maintenance, outdated systems (plumbing, electrical, HVAC), and higher ongoing repair costs compared to newer constructions.
Mixed School Ratings: While some local schools have good ratings, others have lower ratings, which could be a deterrent for families prioritizing top-tier public education.
Multi-Unit Management Complexity: Managing a triplex with multiple tenants can be more complex and time-consuming than a single-family home, potentially requiring more landlord involvement or professional management.