620 Lexington Ave

620 Lexington Ave El Cerrito, CA 94530

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$1,595,000
Last Verified:
Apr 30, 2017

Highlights

  • 2 blocks from Bart
  • Desirable mix of 2 and 3 bedroom units
  • Spacious Units
  • Significant rental upside
  • Well maintained

Description


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Year Built: 1968
Building Size: 3920.0sq ft
Lot Size: 0.13 acres

Map of 620 Lexington Ave, El Cerrito, CA, 94530

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.