11-Unit Apartment Complex in Concord Sells for $3.075MM

Pinza Group, Concord

Concord-CA-The Pinza Group, the leading East Bay Multifamily Sales Brokerage and 2019’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale of an 11-unit multifamily property located at 1844 Robin Ln in Concord, CA. Steven Pinza, Esq represented the Buyer and Seller on the property which Pinza sold for $3,075,000-well above the average price per door in Concord. The sale represented the second 10+ unit property The Pinza Group sold on Robin Ln this year, and the sixth multifamily building sale in Concord in the last 12 months.

1844 Robin Ln presented a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. Each unit has been upgraded over the years with upgraded bathrooms, kitchens, and flooring. The property has been meticulously maintained with recent improvements including newer paint and landscaping. The property has tuck under parking, guest parking, storage and on site laundry, all of which attract tenants to the property. The property boasts a unique unit mix of seven 2bd/1bth units of approximately 950 square feet, two 4bd/2bth units of approximately 1,450 square feet, and two 3bd/1bth unit of approximately 1,250 square feet.

Concord, California is a Bay Area paradise. Not far from Suisun Bay and easily accessible to I-680, Concord is comfortably surrounded by gorgeous scenery, tree-covered mountains, and rolling hills. Accented with all of the color and local flair you’d expect from the Bay Area, this is a community with a Southwestern-style vibe. Whether you choose the stucco luxury of Cowell, the quaintly quiet neighborhoods of Four Corners, or the rolling hills of North Concord, you’re definitely in for a treat in this picturesque California city.

About The Pinza Group

The Pinza Group, Inc was named as the 2014, 2015, 2016, 2017, and 2018 Top Real Estate Sales Brokerage by CoStar, and is the only privately held investment real estate brokerage to receive the prestigious award in 2014, 2015, 2016, and 2017. The Pinza Group is a full service investment real estate sales firm located in Walnut Creek, California.  

Founded in 2013, The Pinza Group is a leader in investment real estate sales with over 125 apartment sales in the last 24 months. The Pinza Group is an investment real estate brokerage built on a strong foundation of integrity, dedication, and experience which allows us to provide significant value to existing and future clients. Since The Pinza Group focuses exclusively on investment real estate, all of our efforts and resources are spent researching, brokering, and underwriting commercial properties in the East Bay. The Pinza Group has devoted significant resources to build an effective list of owners, investors, and brokers in the area which has allowed us to create an innovative marketing platform allowing us to deliver incredible value to both owners and investors.

West Coast Commercial Real Estate News