15-Unit Berkeley Apartment Asset Sells for $4.75MM

Pinza Group, Berkeley, East Bay, Walnut Creek 2339 Hilgard Ave

Berkeley, CA- The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a 15 unit multifamily building located at 2339 Hilgard Ave in Berkeley, CA. Steven Pinza, Esq. had the exclusive listing on behalf of the Seller, and also represented the Buyer, who was in a 1031 exchange. The property sold for $4,750,000 (around $316,666 per unit) and received multiple offers. This is the second multifamily property The Pinza Group sold in Berkeley in the last 14 days.

2339 Hilgard Ave is a multifamily building in Berkeley, CA 94709. This 10,515 square foot multifamily building sits on a 6,250 square foot lot. The property consists of nine studios, and six 1bd/1bth units. There is off street parking, mature landscaping, on site storage, and coin operated laundry. The property is currently occupied, but has tremendous rental upside for the next owner, which can be advantageous in North Berkeley’s hot rental market. The property is completely retrofitted, BESO compliant, Sewer Lateral compliant, and E3 complaint. The property offers a beautiful, aesthetically pleasing design, large spacious common areas, and larger than normal units.

About The Pinza Group

The Pinza Group, Inc was named as the 2014, 2015, 2016, 2017, 2018, and 2019 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