San Lorenzo, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the Albion Arms Apartments in San Lorenzo. Steven Pinza, Esq (the 2014, 2015, & 2016 Top Sales Broker in the East Bay according to CoStar), President of The Pinza Group (the 2014, 2015, & 2016 Top Multifamily Sales Brokerage in the East Bay according to CoStar) represented the Buyer and Seller in the transaction, which Pinza sold after marketing the property for less than a month The property sold for $1,725,000 which equates to less than a 4% CAP rate.
Situated on a 7,200 square foot lot with nearly 5,400 of rentable squire footage, the property boasts four 2bd/1bth townhouse style units, one 2bd/1bth unit, and two 1bd/1bth units. All units have dual pane windows, covered parking, newer kitchens and bathrooms, and more. The property has recently undergone significant exterior upgrades including landscaping and fresh paint. There is on site coin operated laundry, on site and off site parking, and tremendous rental upside.
San Lorenzo sits 12 miles south of Oakland on the eastern edge of the San Francisco Bay. The neighborhood, primarily comprised of several thousand single-family homes bordered by a small commercial district, holds claim to fame for being the first planned housing community built in the nation. Residents enjoy wildlife and recreation in the marshes along the waterfront as well as easy access to larger surrounding cities like San Leandro, Hayward and Fremont.
About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014 & 2015 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. 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 100 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. For more information on off market investments, an estimate of value, or for free real estate advice please visit: www.pinzagroup.com or Info@pinzagroup.com.