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1620 Lexington Ave
El Cerrito, CA 94530

Multifamily Property For Sale · 6 Units

Investment Highlights

  • Ideal Unit Mix - Two - 1BD / 1BA & Four - 2BD / 1BA Units
  • Many Exterior Capital Improvements - Including Vinyl Windows, New Railings Throughout and New Decking/Coating
  • Two Units Delivered Vacant For Maximum Buyer Flexibility
  • Three Minute Walk To El Cerrito del Norte BART Station - 88 Walk Score
  • Garage and Carport Off-Street Parking
  • Long-Term Ownership Affords Significant Opportunity to Add Value, Increase NOI and Cash Flow - 5.74% Stabilized Cap Rate

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,864 SF
Average Occupancy 83%
No. Stories 2
Year Built 1957
Parking Ratio 1.81/1,000 SF

Unit Amenities

  • Cable Ready
  • Disposal
  • Storage Space
  • Washer/Dryer
  • Ceiling Fans
  • Eat-in Kitchen
  • Refrigerator
  • Tub/Shower
  • Carpet

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $1,753 525
2+1 4 $1,797 625

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
502-220-014-0
Land Assessment
$1,061,208
Improvements Assessment
$806,518
Total Assessment
$1,867,726
  • Listing ID: 20280454

  • Date on Market: 7/14/2020

  • Last Updated:

  • Address: 1620 Lexington Ave, El Cerrito, CA 94530

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