Movoto Real Estate
Sold on 02/20/2026
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1830 Richardson St, Martinez, CA 94553

  • $1,610,000

    Last sold 02/20/2026 after 93 Days

  • 4

    bed

  • 4

    bath

  • 3,018

    Sqft ($533/Sqft)

Multi-family not for sale
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About 1830 Richardson St

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 4,337 Sqft
Movoto estimate
Property description
Exceptionally low-maintenance 5-unit apartment building in the heart of Martinez, offering strong income, minimal operating expenses, and rare development upside. This well-kept property sits on a desirable corner at Richardson and Robinson, featuring clean, straightforward systems and a simple building layout that makes long-term ownership remarkably efficient. Included in the sale are two additional parcels measuring approximately 4,822 sq ft and 5,144 sq ft, providing significant development potentialideal for ADUs, additional units, garages, small-lot homes, or future value-add expansion (buyer to verify with the City of Martinez). The parcels enjoy excellent street frontage on a quiet residential block, giving developers and buy-and-hold investors attractive optionality. The existing 5-unit building produces steady, reliable income with very low turnover, easy management, and minimal ongoing costs. Its low-maintenance structure makes it an ideal investment for both local and out-of-area owners looking for a hassle-free asset with future upside. Centrally located near downtown Martinez, schools, parks, shopping, and major commuter routes, this property combines immediate cash flow with long-term development opportunitya rare offering in today's market.
Listed by
Listing Agent - Jeff Appenrodt
Listing Office - Laurel Realty & Investment
Source: SFARMLS mls logo
MLS#425088724 • last updated 5 months ago
Movoto checked SFARMLS for data 7 minutes ago
Overview
Levels/Style Two, 0, 0
SqFt 3018
SubType 5 Or More Units, Apartments
Type Residential Income
MLS # 425088724
Status Closed
Lot Size (Acres) 0.0996
Lot Size (SqFt) 4337
Year Built 1958
Interior
Total # of Rooms 5
Exterior
# Parking Spaces 3
Parking Desc Garage
Lot Desc Other
Location
County Contra Costa
APN 372-175-022-6
Multifamily Details
Unit 2: # Bedrooms 1
Unit 4: # Bedrooms 1
Unit 2: # Full Baths 1
Unit 1 Apartment, 1 Bedroom Apartment
Unit 2 Apartment, 1 Bedroom Apartment
Unit 4 Apartment, 1 Bedroom Apartment
Unit 3 1 Bedroom Apartment
Unit 3: Rent 1795
Unit 4: # Full Baths 1
Unit 1: # Bedrooms 1
Unit 1: Rent 1850
Unit 2: Rent 1799
Unit 1: # Full Baths 1
Unit 3: # Bedrooms 1
Unit 3: # Full Baths 1
Unit 4: Rent 1850
# Units Furnished None
# Of Units Total 5
# Of 1 Bedroom Units 4
# Of 2 Bedroom Units 1
# Of Units Leased 5
Gross Rent Multiplier 14.92
Cap Rate 5.39
$1.55M
Range: $1.39M-$1.71M
Last 30 days 
  • Feb 2026
    Public Records
  • Feb 27, 2026 Sold
    $1,610,000
  • Feb 2026
    mls logo MLS # 425088724
  • Feb 27, 2026 Sold
    $1,610,000 (-10.3%)
  • Nov 19, 2025 Listed
    $1,795,000
  • 1830 Richardson St
    $1.61M
  • 5601
  • 94553
    $799K +1% y/y
  • Martinez
    $825K +4% y/y
No chart available
Statistics calculated by Movoto

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5/10
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Source: GreatSchools.org © 2026. All rights reserved.

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  • 1830 Richardson St
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