3115 Yosemite Ave, El Cerrito, CA 94530

3115 Yosemite Ave is a 6-unit, value-add apartment building centrally located in El Cerrito, just 6 Blocks from the El Cerrito Plaza BART Station and shopping center. Delivered to investors and 1031 Exchange buyers, this 5,445 Sq. Ft., 1965 asset is comprised of 6 spacious units and features a unit mix of 2 X one-bedroom, one-bathroom units, 3 X two-bedroom, one-bathroom units and 1 X three-bedroom, two-bathroom unit. 5 of the 6 units include a private balcony or patio. The property also features 6 covered carports, 6 storage lockers, 4 storage closets and a common area courtyard. With in-place rents that are approximately 33% below market rate, there is potential to increase the net operating income of the property by nearly 92% by stabilizing the asset.