Aloha Apartments in Hayward Sells for $20.75MM

Pinza Group, Aloha Apartments, Hayward, San Francisco, Bay Area, Oakland, San Jose, CoStar, Walnut Creek, real estate brokerage

Hayward, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the Aloha Apartments in Hayward. Steven Pinza, Esq. (2018’s leading multifamily real estate broker according to CoStar) represented the Buyer and Seller in the transaction, which Pinza sold off market. The property sold for $20,750,000 to an experienced multifamily investor.

“In 2018, the Pinza Group sold 36 units, 30 units, 57 units, and now 70 units in Hayward” stated Pinza. “This is a situation where the property sold a year ago for way too little. That Buyer (who just sold the property) made tremendous improvements to the property and the new Owner will be able to take advantage of those improvements and Hayward’s robust rental market” concluded Pinza.

The Aloha Apartments boasts a tremendous unit mix of 40 1bd/1bth units of approximately 580 square feet, 27 2bd/1bth units of approximately 785 square feet, one 2bd/2bth unit of approximately 900 square feet, and two 3bd units of approximately 1,100 square feet.

The property has undergone significant exterior renovations including but not limited to new high efficient, dual pane windows, new roof with solar panels boiler system replacement, lighting, painting, landscaping, asphalt, railings/walkways, and more. Over 70% of the units have been completely remodeled in the interior with new kitchens, bathrooms, laminate wood flooring, modern fixtures and amenities, stainless steel appliances, and more.

Conveniently located in the center of the San Francisco Bay Area, Hayward has long been known as the “Heart of the Bay.” A city of about 150,000 in Alameda County, it lies just 25 miles east of San Francisco, 15 miles south of Oakland, and 25 miles north of San Jose. Residents enjoy a warm, sunny climate, excellent freeway access, affordable housing, and great public transit. In the center of Hayward lies the Jackson Triangle; a small, roughly triangular neighborhood bordered by Jackson Street and Harder Road. I-880 runs along the west side of the neighborhood, which is wedged between Chabot College and California State University, East Bay. the Eden Greenway, which features a paved walking and biking trail, begins at Berry Avenue and extends to Hesperian Boulevard.

About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014, 2015, 2016, and 2017 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. 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