What is known about the consistency strength of
ZFC + the continuum is real valued measurable + Martin's maximum?
Martin's maximum implies the continuum is $\aleph_2$, and therefore it is not real-valued measurable, since real-valued measurable cardinals must be limit cardinals and indeed weakly inaccessible and weakly Mahlo and more.
So unfortunately, what is known about your theory is that it is inconsistent.
This is a supplement to Joel's answer:
In fact, even very weak forcing axioms are incompatible with the continuum being real-valued measurable. For example, if the continuum $\mathfrak{c}$ is real-valued measurable, then $\mathfrak{b}<\mathfrak{c}$, where $\mathfrak{b}$ is the minimum cardinality of an unbounded family in $(\vphantom{b}^\omega\omega, <^*)$, and $f<^*g$ means $f(n)<g(n)$ for all sufficiently large $n$.
Martin's Axiom (and much weaker forcing axioms) implies $\mathfrak{b}=\mathfrak{c}$, and hence implies that $\mathfrak{c}$ is not real-valued measurable.
Lemma 27.9 on page 304 Jech's Set Theory gives a slightly more general result, along with a proof. (One needs to note that if $\mathfrak{b}=\mathfrak{c}$, there is a $\mathfrak{c}$-scale.)