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SOLD 7/27/2022

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

--
bed
--
bath
· 7433
ft2 lot

Listing provided courtesy of Listing Broker: JOEY WANG, Keller Williams Realty
Source CRMLS;
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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.

HOA

$0/month

On market

25 days

Year built

1974

Property type

Condo

Parking

7

MLS

40991846

Price / Sq.Ft.

ft2

Status

Closed

Buyer’s Brokerage Commission

2.5%

Home details for 614 Lexington Ave

Interior Features & Layout
Appliances
•   
Laundry Details: Dryer Included, Washer Included
•   
Appliances: Gas Water Heater
•   
Has Appliances
•   
Laundry: 1
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Property, Lot, Community & Exterior Features
Lot Info
•   
Lot Size Acres: 0.1706
•   
Lot Size Area: 7433.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Total Units: 6
Building Info
•   
Construction Materials: Stucco, Wood Siding
Listing Details, Costs & Financing Information
Financial Info
•   
Tax Annual Amount: 0.00
•   
Other Expense: 0.00
•   
Cap Rate: 0.00
•   
Professional Management Expense: 0.00
•   
Gross Scheduled Income: 151236.00
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Closed
School Neighborhood & Directions
School Info
•   
Directions: From Lincoln left to Lexington. Cross Street: Lincoln Ave.
Other
Calculation
•   
Dom: 26
•   
Cdom: 26

Property History for 614 Lexington Ave

07/27/2022
07/27/2022
CRMLS #40991846
sold
CRMLS #40991846
$1,850,000
--2.63%
05/31/2022
05/31/2022
CRMLS #40991846
pending
CRMLS #40991846
$1,900,000
05/05/2022
05/05/2022
CRMLS #40991846
active
CRMLS #40991846
$1,900,000

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