5600 El Dorado Ave - Apartments FOR SALE


El Cerrito, CA 94530
$2,295,000 USD
510-725-4775
5600 El Dorado Ave, El Cerrito, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/14
null | 6.04% Cap Rate

5600 El Dorado Ave
El Cerrito, CA 94530


HIGHLIGHTS

  • First Time on the Market Since Being Built
  • One Unit Vacant - Perfect for Owner Occupants or New Tenant Paying Market Rent
  • All Units Separately Metered for PG&E & Ability To Increase Cash Flow by Implementing RUBS Program
  • Private Balconies, Bay Area Views, & Ample Street Parking with Two Private Garages
  • Prime El Cerrito Location Just Blocks Away From Dining, Shopping, El Cerrito BART, 1-80 & I-580

OVERVIEW

5600 El Dorado Avenue is a ten-unit multifamily property and presents an opportunity for new or seasoned investors to acquire a cash-flowing asset in a hot Bay Area rental market. This 1925property has ten units, nine 1bd/1bth and one 2bd/1bth. The structure is situated on a 7,500-square-foot lot and features private balconies, ample street parking, and two private garages. All of the units are separately metered for gas and electricity, with the ability to implement the RUBS program to increase cash flow and minimize expenses. This property provides investors with the opportunity to own a cash-flowing asset in one of Contra Costa County's finest rental locations. Finally, two units are currently vacant, giving investors the option of leasing units at market rates or implementing an owner-occupied strategy. El Cerrito is a suburban Bay Area city positioned right betweenBerkeley and Richmond. Predominately a residential community, the local rental market is huge, and ranges from luxury apartments to condos to single-family homes on quiet neighborhood streets. The area offers ample opportunities to spend quality time outdoors: Hillside Natural Area provides great views of San Francisco Bay, and the sprawling Wildcat Canyon Regional Park is loaded with trails through the unspoiled rolling hills. The close proximity to larger cities like San Francisco and Oakland makes El Cerrito a popular option for commuters, and BART rail service makes it easy to get around the area without having to drive!

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

10

PRICE/UNIT

$229,500

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

510-043-034-6

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.