El Cerrito, CA 94530,1620 Lexington Ave
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El Cerrito, CA 94530,1620 Lexington Ave
El Cerrito, CA 94530,1620 Lexington Ave
El Cerrito, CA 94530,1620 Lexington Ave
El Cerrito, CA 94530,1620 Lexington Ave

$1,760,000

Est. payment /mo

$1,840,000

4.3%
Est.Price: ?

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1620 Lexington Ave El Cerrito, CA 94530

7,108 Sqft Lot

SOLD DATE : 11/13/2020

Key Details

Sold Price $1,760,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40912214

Sold Date 11/13/20

HOA Y/N No

Year Built 1957

Annual Tax Amount $29,187

Lot Size 7,108 Sqft

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%.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Fireplace No

Appliance Dryer, Washer

Exterior

Total Parking Spaces 7

Others

Tax ID 502220014

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California Regional MLS (CRMLS)
Listed by Richard Martini • Colliers International
Bought with Kathy Wong • Bay Port Group Real Estate Inc

Colin Farris

Founder | License ID: 01938669

+1(949) 424-4354

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