Properties

Comm Ri Multi-units 5+ For Sale

3,864 Sqft - 1620 Lexington Ave, EL CERRITO, California 94530

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Property Description

Well-maintained six-unit apartment property minutes from the del Norte BART station. The property, built in 1957 comprises a unit mix of two – 1bd/1ba and four – 2bd/1ba units. Off-street parking for 7 cars, including garage, carport and uncovered spaces. The units are separately metered for gas & electricity, while heat is provided by gas wall furnaces. Many exterior capital improvements, including; dual-pane vinyl windows, new concrete stairs as well as second floor decking and railings have been completed. Two units will be delivered vacant for maximum buyer flexibility. Significant opportunity to add-value and increase NOI and cash flow. Proforma cap rate 5.74%.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40912214
Price : $1,840,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,864 Sqft
Year Built : 1957
Lot Area : 0.16 Sqft
Features
Heating System : Wall Furnace
Cooling System : Ceiling Fan(s)
Roof : Unknown
Address Map
Country : US
State : CA
County : Contra Costa
City : EL CERRITO
Zipcode : 94530
Street : Lexington Ave
Street Number : 1620
Floor Number : 0
Longitude : W123° 41' 10.7''
Latitude : N37° 55' 19.1''
MLS Addon
Office Name : Colliers International
Building Type : Apt Complex
Area : El Cerrito
Address : 1620 Lexington Ave
Cross Street : Blake St
Directions to Property : San Pablo Ave to Potrero Ave
LA1User Code : 183504786BE
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Sold
Tot # Parking Spaces : 7
Tot # of Units : 6
List $/SqFt : $476
Age : 63
Apx Lot Sq Ft : 7,109 Sqft
Type of Building : Apt Complex
Annual Taxes : $29,187
Total Deposits : $0
ADDTL FEATURES MISC. : Wired For Cable Tv, Extra Storage
ALL UNITS HAVE : Refrigerator, Oven Range Built-in, Disposal
EQUIPMENT ADDITIONAL : Garage Door Opener, Dryer, Washer
EXTERIOR : Stucco, Wood Shingles
FLOORING : Linoleum, Carpet, Tile, Laminate
LOT DESCRIPTION : Regular
ON-SITE PARKING DESC : Attached Garage, Off Site Parking, Carports - 2 Or More, Covered Parking, Space Per Unit - 1, Side Yard Access
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, License/ads, Other, Property Tax/assessments, Trash Removal, Utilities, Vacancy Factor, Water
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen
TENANT PAYS : Cable Tv, Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Laundry Room, Coin Operated, Laundry Equip - Owned
Census Tract : 3840
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $3,340
2nd Loan Balance : $121,452
Tot Other Loans : $840
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,980,000
Sold Price : $1,760,000
Previous Price : $1,980,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40912214
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 3,864 Sqft
$1,840,000
Agent info
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