816 Lexington Ave

This prime offering at 816 Lexington Avenue, EL Cerrito, CA is offered for sale for the first time in over forty years. The subject property is located just three-blocks north of the El Cerrito Plaza BART station and half-a-block from the Ohlone bike path which allows a direct bike ride to UC Berkeley. Nearby El Cerrito Plaza allows tenants an easy walk to extensive shopping, groceries, restaurants, café’s, retailers, and commerce. Additional stores, restaurants, and services are located just two-blocks west on San Pablo Avenue, making the property a true walkers delight with a walk-score of 90. The subject property sits on a 0.14-acre parcel, constructed circa 1954 (per property records), featuring wood frame with stucco siding, and a flat roof. The complex features spacious units, with three, two-bedroom/one-bath apartments, and an oversized three-bedroom/two-bath apartment, which can serve as an owners-unit if desired. Each unit benefits from an enclosed garage, with units separately metered for gas, electricity, water, and individual billing for trash. The great location, easy public transportation, and proximity to El Cerrito Plaza all make this offering a rare opportunity. New owners should benefit from 30-year fixed rate residential financing.