El Cerrito, CA
1239 Liberty Street
El Cerrito, CA 94530
- 26 Units
- Year Built: 1973
- Acquisition Date: Oct. 2014
- Acquisition Price: $4,400,000
This 26-unit apartment investment is located on an attractive street in El Cerrito, a residential community located along the I-80 corridor just west of Berkeley and Albany in the East Bay. Two BART stations are within walking/biking distance. Excellent retail, restaurant, and entertainment alternatives are conveniently located close by, as are outdoor spaces such as Tilden Park, Wildcat Canyon Regional Park, and the Ohlone Greenway. This is a very desirable close-in commuter neighborhood.
The two-story building was well designed and built in 1973, and has been well maintained since. It has an excellent unit mix of three studio, ten one- bedroom, and 13 two-bedroom units. The apartments are spacious with balconies and are separately metered for gas and electric. The building offers residents covered parking for 26 cars with seven additional open spaces. Recent renovations include an extensive exterior repainting, a new security entry gate, and minor landscaping to increase curb appeal.