614 Lexington Ave, El Cerrito, CA 94530$1,850,000

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.