614 Lexington Ave, El Cerrito CA, 94530

Sold

614 Lexington Ave

El Cerrito CA, 94530

$1,850,000

Sold

Condo

Built in 1974

Listed by Joey Wang with Keller Williams Realty 925-934-2900

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.

40991846

MLSⓇ ID

May 5, 2022

Listed

March 23, 2024

Updated

Map

614 Lexington Ave
El Cerrito CA, 94530

Interior Features

Appliances: Gas Water Heater, Dryer, Washer
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Days on Market: 26
Garage: No
Parking Total: 7
View: No
County: Contra Costa
Pool: No
Buyer Agency Compensation: 2.5%

Listing Contact: 925-934-2900

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:40 AM UTC