5811 El Dorado Ave
El Cerrito, CA 94530
Large 4-Unit Apartment With Excellent Upside · Multifamily Property For Sale · 4 Units

5811 El Dorado Avenue in El Cerrito presents a great opportunity for a real estate investor or owner user to have immediate cash flow with significant rental upside. The property offers four large, attractive, light-filled 2bd/1bth units with excellent proximity to the two El Cerrito BART stations. Four unit properties such as this rarely come on the market in El Cerrito making this an incredibly rare opportunity. Further, an investor can take advantage of 30-year residential financing at historically low rates. Units have been remodeled over time with laminate wood flooring, granite counters, updated kitchens and bathrooms, onsite laundry, dedicated off-street parking, and a backyard area. There is currently no rent control in El Cerrito and all the units are far below market rent, offering the next investor the opportunity to raise rents and achieve greater cash flow after closing. The property has a strong tenant profile with a history of little or no vacancies and is currently fully occupied. Maintenance is low and all units are separately metered for PG&E providing for low annual expenses. 5811 El Dorado Avenue offers a central El Cerrito location just a few blocks from City Hall with immediate access to public transportation and I-80. There are many amenities near the property including shopping, restaurants, and parks making this one of the best investment opportunities in the East Bay. El Cerrito is a suburban Bay Area city positioned right between Berkeley 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. CONTACT DAVID HOWARTH FOR A COMPLETE MARKETING PACKAGE & PRIVATE SHOWING