5600 El Dorado Ave 10 Unit Apartment Building $2,295,000 ($229,500/Unit) 5.75% Cap Rate El Cerrito, CA 94530

5600 El Dorado Avenue is a ten-unit multifamily property and presents an opportunity for new or seasoned investors to acquire a cash-flowing asset in a hot Bay Area rental market. This 1925property has ten units, nine 1bd/1bth and one 2bd/1bth. The structure is situated on a 7,500-square-foot lot and features private balconies, ample street parking, and two private garages. All of the units are separately metered for gas and electricity, with the ability to implement the RUBS program to increase cash flow
and minimize expenses. This property provides investors with the opportunity to own a cash-flowing asset in one of Contra Costa County's finest rental locations. Finally, two units are currently vacant, giving investors the option of leasing units at market rates or implementing an owner-occupied strategy.
El Cerrito is a suburban Bay Area city positioned right betweenBerkeley and Richmond. Predominately a residential community, the local rental market is huge, and ranges from luxury apartments to condos to single-family homes on quiet neighborhood streets. The area offers ample opportunities to spend quality time outdoors: Hillside Natural Area provides great views of San Francisco Bay, and the sprawling Wildcat Canyon Regional Park is loaded with trails through the unspoiled rolling hills. The close proximity to larger cities like San Francisco and Oakland makes El Cerrito a popular option for commuters, and BART rail service makes it easy to get around the area without
having to drive!