Bought with Joey Wang • Keller Williams Realty
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Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Apt Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,082 sqft
Price per Sqft $453
MLS Listing ID 40991846
Sold Date 07/27/22
HOA Y/N No
Originating Board Bridge AOR
Year Built 1974
Lot Size 7,433 Sqft
Property Description
With six units (4, 1BR/1BA | 2, 2BR/1BA) spread across 4,082 square feet, 614 Lexington Avenue is an investment opportunity that’s as expansive as it is rare. Why rare?—Because only one or two multifamily listings like this come on the market each year in El Cerrito. Seated in one of El Cerrito’s best areas, this listing is less than a mile from a wide array of parks, schools, retailers (including Trader Joe’s, Costco, and Ranch 99), and thoroughfares (including San Pablo Avenue and I-80), making this an exceptionally convenient place to live. While the building has been well-maintained and is set back from the street for additional privacy, it could do with some modernization to maximize its potential value and cash flow. Speaking of cash flow, the property will generate more than $12,000 per month right away thanks to existing leases.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Laminate, Tile, Carpet
Fireplace No
Appliance Free-Standing Range, Refrigerator, Dryer, Washer, Gas Water Heater
Laundry Coin Operated, Common Area, Dryer, Laundry Room, Washer
Exterior
Parking Type Attached, Assigned, Space Per Unit - 1, On Street, Garage Door Opener
Building
Lot Description 2 Houses / 1 Lot
Water Public
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