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1620 Lexington Ave
El Cerrito, CA 94530
Multifamily Property For Sale
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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 | Building Size | 3,864 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 0.16 AC |
| 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 |
Amenities
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
| Parcel Number | 502-220-014-0 | Improvements Assessment | $822,648 |
| Land Assessment | $1,082,432 | Total Assessment | $1,905,080 |
Property Taxes
Parcel Number
502-220-014-0
Land Assessment
$1,082,432
Improvements Assessment
$822,648
Total Assessment
$1,905,080
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