
El Cerrito, California 94530
This Multifamily Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,200,000—positioned above the $1,156,847 Fair Market Value. While priced at a premium, the property maintains a Condition Rating of 3, featuring modern kitchen updates and well-preserved hardwood floors. With all four units currently occupied, this turnkey asset offers immediate rental stability near BART and major transit hubs. The diverse unit mix, including a 2BD/1BA unit with a private deck, ensures consistent tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3027 Yolo Ave Subject 0 bd · 0 ba · 2,620 sqft · $395 | $1,100,000* List Price | 0 | 0 | 2,620 | $395 | - |
A 1223 Elm St Sold 0 bd · 0 ba · 2,828 sqft · $378 · 1.0 mi | $1,070,000 | 0 | 0 | 2,828 | $378 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1955, the property shows significant evidence of maintenance and partial renovations. Unit 3025 features a modern kitchen with white shaker cabinets and stone counters (<10 years), and Unit 3027 has updated oak-style cabinetry and LVP flooring. The presence of well-maintained original hardwood floors and functional, clean bathrooms across the fourplex indicates the property is move-in ready and falls within the 5-15 year renovation criteria for several key areas.
Situated near El Cerrito Plaza, BART, and major freeways, the property offers exceptional transit and amenity access, ensuring high tenant demand and low vacancy rates.
With all four units currently occupied, this property provides immediate rental income and stability for investors seeking an established multifamily asset from day one.
The mix of a spacious 2-bedroom unit and unique townhouse-style 1-bedroom units caters to a variety of tenant needs and maximizes the property's rental potential.
The property only features a one-car garage for four units, which may be a significant drawback for tenants with vehicles in a high-density urban area.
Occupying a 3,350 sqft lot, the fourplex has a high building-to-land ratio, leaving minimal outdoor common areas or space for future structural expansion.
EL CERRITO FOURPLEX | 100% OCCUPIED | $87,576/YEAR CURRENT RENT Income-producing fourplex with four occupied units generating $7,298/month ($87,576/year) in current scheduled rent. The property features one 2BD/1BA unit and three 1BD/1BA units, providing diversified rental income with no current vacancy. Conveniently located just off Central Avenue near El Cerrito Plaza, BART, Pacific East Mall, restaurants, and Highway 80. 2 Bedroom unit features include a private deck, hardwood floors, laundry. Established income, 100% occupancy, four-unit scarcity, and a prime East Bay location. Current rent roll, leases, operating information, and disclosures available to qualified buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,620 | 2,092 |
| Lot Size | 3,350 | 4,000 |
| Price | $1.10M | $1.01M |
| Price per sq ft | $420 | $515 |
| Built year | 1955 | 1960 |
| HOA | $0 | $0 |
| Days on market | 37 | 36 |
Oct 22, 2026
$1,100,000
$1,200,000
-8% Price Drop
Initial Listing
Sep 17, 2026
$1,200,000
Initial Listing
Mar 24, 2015
$900,000
Public Record
Dec 2, 2005
$810,000
Public Record