El Cerrito, CA 94530,614 Lexington Ave
$1,850,000
$1,900,000
2.6%
Est.Price: ?

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4,082 SqFt

614 Lexington Ave El Cerrito, CA 94530

Est. payment /mo
SOLD DATE : 07/27/2022

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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

Year Built 1974

Lot Size 7,433 Sqft

Acres 0.17

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

Area El Cerrito

Rooms

Basement None

Interior

Interior Features Storage

Heating Wall Furnace

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile

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

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 503403012

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Bridge MLS
Listed by Joey Wang • Keller Williams Realty
Bought with JoeyWang

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Vid Cotarta

Broker Associate | License ID: 01962807

+1(510) 410-3999

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