5-Unit Oakland Property Sells for $1.7MM

Oakland, Pinza Group, East Bay

Oakland, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a five unit multifamily building located at 518 28th St in Oakland, CA. Steven Pinza, Esq. had the exclusive listing on behalf of the Seller, and also represented the Buyer. The property sold for $1,700,000.  

The well-balanced unit mix has something to offer a wide range of tenants, from 1bd/1bth to 3bd/2bth units. Three units have been renovated with high-end appliances, fixtures, and finishes, further enhancing its marketability. RUBS (Ratio Utility Billing System) has just been implemented to reimburse owner utility costs and dramatically reduce operating expenses. Further there is onsite storage which are rented for additional income.

Oakland’s charming, walkable Pill Hill neighborhood is the medical heart of this Bay Area city. Major hospitals, such as Alta Bates and Samuel Merritt, as well as numerous doctor’s offices and pharmacies populate the neighborhood, hence the name. Apartments front tree-lined streets, less than two miles from downtown Oakland. Outdoor relaxation is within easy reach at Lake Merritt, Oakland’s famed city park, which is less than two miles from Pill Hill. Rated a Walker’s Paradise, it’s just blocks away from major medical employers, shopping, services, and nightlife.

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.

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