614 Lexington Ave , El Cerrito CA

$1,900,000 | $8,756 / Month*

List Firm - Keller Williams Realty
List Agent - Joey Wang
MLS #40991846



Garage/Parking: Attached Garage, Spaces - Assigned, Space Per Unit - 1, On Street
Lot Description: 2 Houses / 1 Lot, Partial Fence
Included: Dryer, Garage Door Opener, Washer, Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector
Property Features: Balcony/Patio, Extra Storage
Foreclosure: No
Exterior Construction: Stucco, Wood Frame
Interior Features: Deck, Oven Range Free Standing, Refrigerator
Basement: None
Garage Type: Attached Garage, Spaces - Assigned, Space Per Unit - 1, On Street
Interior Features
Flooring: Hardwood Floors, Laminate, Tile, Carpet
Exterior Features
Construction: Stucco, Wood Frame
Roof: Flat
Cooling: None
Heating: Wall Furnace
Water/Sewer: Sewer System - Public, Water - Public

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.

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