3120 Pacheco Blvd, Martinez, California 94553, Martinez, - bed, bath
ACTIVE$880,000
3120 Pacheco Blvd, Martinez, California 94553
0Bed
0Bath
Sqft
4,456Lot
Year Built
1938
Close
-
List price
$880K
Original List price
$880K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41102390
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, 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 the other 2 units to help with your mortgage payment. Don't miss this opportunity! **PLEASE DO NOT DISTURB TENANTS**
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
06/21/25
Listing
$880,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 4,456 | 5,823 | 10% |
| Price | $880K | $1.2M | 30% |
| Price per square foot | $0 | $0 | |
| Built year | 1938 | 9850986 | 20% |
| HOA | |||
| Days on market | 137 | 182 | 30% |
Condition Rating
Fair
The property was built in 1938, making it quite old. While the kitchens have been updated with granite countertops and light wood cabinets, and some units feature hardwood or tile flooring, these updates appear to be functional but not recent or modern (likely 15-25 years old). The appliances are white, not stainless steel, and the presence of window AC units indicates outdated cooling systems. The property is maintained for rental income, but the overall condition, age of the core structure, and somewhat dated renovations place it in the 'Fair' category, suggesting minor updates would be beneficial for a modern aesthetic.
Pros & Cons
Pros
Strong Income Potential: The property is a triplex with all units currently occupied, providing immediate positive cash flow and a stable income stream for the owner.
Dual Lot & Ample Parking: Includes two separate parcels totaling 8,929 sq. ft., with one lot specifically designated for tenant parking and RVs, offering significant convenience and value.
Owner-Occupant Investment Opportunity: Presents an attractive option for owner-occupants to live in one unit while collecting rent from the other two, effectively subsidizing their mortgage.
Modernized Unit Features: Units boast desirable interior upgrades such as granite countertops, hardwood floors (front unit), and tile flooring (back units), enhancing tenant appeal and retention.
Convenient Location: Situated in a 'Convenient Martinez location,' which is generally attractive for renters and investors due to accessibility and local amenities.
Cons
Property Age: Built in 1938, the property is over 85 years old, which may indicate aging infrastructure, systems, and potentially higher maintenance and repair costs in the future.
Limited Access for Due Diligence: The 'DO NOT DISTURB TENANTS' instruction restricts full access for potential buyers to conduct comprehensive inspections and assessments of all units prior to purchase.
Potential for Deferred Maintenance: Despite some cosmetic updates, the property's age and the lack of detailed condition reports suggest a risk of underlying maintenance issues or outdated major systems that may require significant capital expenditure.