40 FOSTER ST. IS AN EXCELLENT VALUE ADD FOURPLEX OPPORTUNITY NEAR DOWNTOWN MARTINEZ. THE PROPERTY HAS AMAZING VIEWS OF BOTH THE BAY AND THE MARTINEZ VALLEY. CONSISTING OF FOUR TWO-BEDROOM, ONE-BATH APARTMENTS AT ABOUT 812 SF EACH WITH ONSITE COIN-OPERATED LAUNDRY, CARPORT PARKING, AND MORE.
NO LOCAL RENT CONTROL CREATES AN EASY REPOSITIONING OPPORTUNITY WITH A FEW INTERIOR UPDATES AND SOME RENT INCREASES... 2025-2026 RENT INCREASE ALLOWANCE IS 6.3% ALLOWING FOR A FULL MARKET RENT STABILIZED INVESTMENT WITHIN 3 YEARS AND EVEN SOONER WITH SOME NATURAL TURNOVER.
UPSIDE IN ANCILLARY INCOME AS WELL WITH OWNED LAUNDRY EQUIPMENT OPTION !
NEW ROOF & WINDOWS !
Location Highlights
40 FOSTER ST IS PERFECTLY LOCATED IN ONE OF THE EAST BAY'S MOST LIVABLE CITIES. RANKIN AQUATIC CENTER AND THE RANKIN BASEBALL PARK ARE EASILY WITHIN WALKING DISTANCE, NOT TO MENTION A QUICK BIKE RIDE TO ALL OF THE AMENITIES DOWNTOWN MARTINEZ HAS TO OFFER.
THE LIVABILITY SCORE IN MARTINEZ IS 81 OUT OF 100 AND THE CITY IS RANKED IN THE 96TH PERCENTILE OF ALL CITIES ACROSS AMERICA. THIS IS A VERY HIGH SCORE IN COMPARISON TO OTHER U.S. CITIES. LIVING IN MARTINEZ IS A GREAT CHOICE! MARTINEZ IS ALSO RANKED IN THE TOP 10 PERCENTILE OF ALL CITIES ACROSS THE USA.
LIVING IN MARTINEZ COMES WITH NUMEROUS ADVANTAGES, PARTICULARLY IN THE FORM OF AN EXTENSIVE SELECTION OF LOCAL AMENITIES. THESE AMENITIES PLAY A PIVOTAL ROLE IN ELEVATING THE QUALITY OF LIFE WITHIN THIS VIBRANT COMMUNITY. FROM EASILY ACCESSIBLE GROCERY STORES TO CONVENIENTLY LOCATED FITNESS FACILITIES, A DIVERSE RANGE OF DINING ESTABLISHMENTS, AND A MULTITUDE OF SHOPPING OPTIONS, MARTINEZ PROVIDES A COMPREHENSIVE ARRAY OF RESOURCES FOR ITS RESIDENTS. THIS ENSURES THE EFFORTLESS FULFILLMENT OF YOUR DAILY NEEDS AND CREATES AMPLE OPPORTUNITIES FOR RELAXATION AND RECREATION.
THE CONVENIENCE OF THESE LOCAL OFFERINGS GREATLY CONTRIBUTES TO THE OVERALL APPEAL OF THE AREA, MAKING IT AN ENTICING DESTINATION FOR THOSE IN SEARCH OF CONVENIENCE, DIVERSITY, AND A GRATIFYING LIFESTYLE. IF YOU'RE CONTEMPLATING A MOVE, THE ABUNDANCE OF LOCAL AMENITIES COULD VERY WELL BE A DEFINING CHARACTERISTIC OF THIS AREA. HERE ARE SOME OF THE MORE POPULAR THINGS TO DO IN MARTINEZ: JOHN MUIR NATIONAL HISTORIC SITE, CALIFORNIA MAGIC DINNER THEATRE, AND GONE FISHING GUIDE SERVICE.
Some photos used have been enhanced for presentation purposes.
