614 Lexington Avenue

El Cerrito, CA 94530

$1,850,000
Last Sold Price
Beds
4,082 Sq. Ft.
$453 / Sq. Ft.
4,082
Sq. Ft.
$453
per Sq. Ft.

Description

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...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.
  1. Listed by Joey Wang • DRE #01890931 • Keller Williams Realty

Property Details for 614 Lexington Avenue

City
EL CERRITO
Building Type
Apt Complex
Property Sub Type
Apt Complex
Garage Spaces
0
Garage/Parking
Gate / Door Opener, Attached Garage, Assigned Spaces, Spaces per Unit - 1
Total # Parking Spaces
7

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Sold By Keller Williams Realty, Joey Wang, DRE #01890931

Add your commute
LISTING UPDATED: 07/27/2022 09:30 PM

Property Details for 614 Lexington Avenue

StatusSold
MLS #40991846
Days on Compass26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1974
CountyContra Costa County

Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Sold By Keller Williams Realty, Joey Wang, DRE #01890931

Add your commute

Building Information for 614 Lexington Avenue

Building/Complex614 Lexington AveFloor-Stories-Residences6Pet Policy-Year Built1974Building Size-

Payment Calculator

$12,420 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$2,324

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 614 Lexington Avenue

Features
Feature Details
  • Flooring: Carpet, Hardwood Floors, Laminate, Tile
  • Laundry: Coin Operated, Common Room, Dryer, In Laundry Room, Washer
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Dryer, Garage Door Opener, Washer, Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: 2 Houses / 1 Lot, Partial Fence
  • Lot Sq Ft Apx: 7433
  • Lot Size Square Feet: 7433.0
  • Roof: Flat
  • Sq Ft Apx: 4082
  • Stories: 0.0
  • Year Built: 1974
Location Details
  • Directions to Property: From Lincoln left to Lexington.
  • FIPS Code: 06013
  • Census Tract: 3880
  • Parcel Number: 503-403-012
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Deck, Oven Range Free Standing, Refrigerator
  • Some Units Have: Deck, Dishwasher, Disposal, Microwave
  • Units Total: 6
  • Basement: None
  • Tenant Pays: None
  • Financial Data Source: Estimated, Owner, Projected, Property Manager
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Management, Property Tax/Assessments, Trash Removal, Water
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 4
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 700
  • Unit # 1 Rent: 2035 (avg)
Unit 2
  • Unit 2 # Units This Type?: 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 835
  • Unit # 2 Rent: 2140 (avg)
Building Details
  • Additional Features-Misc: Balcony/Patio, Extra Storage
  • Apx Lot Acres: 0
  • Inspection Reports Available: Home, Pest, Roof, Structural Pest Control
  • On Site Parking Description: Attached Garage, Spaces - Assigned, Space Per Unit - 1, On Street
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $151,236
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $0
  • Gross Rent Multiplier: 0
  • Net Operating Income: $0
  • Other Annual Expense: $0
Other Financial Information
  • Apprx Equity: 0.0
  • Cap Rate: 0
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 614 Lexington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 614 Lexington Avenue

Taxable ValueLand$1,200,000Additions$650,000Total$1,850,000
Tax Record2023$27,887 ($2,324 / month)
Home Facts
Total Finished SqFt4,082 SqFtAbove Grade Finished SqFt4,082 SqFtStories1Lot Size7,433 SqFtStyleMulti-Family Res (5+ Units)Year Built1974CountyCONTRA COSTAAPN503-403-012-1

Schools near 614 Lexington Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Fairmont Elementary School
PublicK to 6

Fred T. Korematsu Middle School
Public7 to 8

El Cerrito Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.