Oakland, CA – The Pinza Group,the leading East Bay Multifamily Sales Brokerage and 2018’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale of another apartment building in the East Bay. The Alta Vista Apartments, located at 10900 Macarthur Blvd, sold for $4,400,000 to an experienced Buyer. Steven Pinza, Esq. represented the Buyer and Seller in the transaction, which closed within a 30 day escrow period.
The Alta Vista Apartments is a twelve-unit apartment complex two parcels from the San Leandro border. The property was built in 1988 and is not subject to rent control for future rent increases. The unit mix consists of (11) Three-Bedroom/One-Bath units and (1) Two-Bedroom/One-Bath unit. Additionally, all units are individually metered for electricity, gas & water; adding to cashflow and mitigating utility involvement. The subject property represents an opportunity for an investor to acquire a newer, turnkey property in a highly redeveloped area. Recently, over $400,000 was spent to remodel all units along with various exterior improvements.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. For more information on off market investments, an estimate of value, or for free real estate advice please visit: www.pinzagroup.com.