Antioch Apartments Sell for $125,000 Per Unit

Antioch, CA – The Pinza Group, a leading East Bay Investment Real Estate Sales Brokerage and a 2014 & 2015 Top Sales Firm according to CoStar, has announced the sale of a sixteen unit apartment complex in the city of Antioch: The Pine Garden Apartments located at 927 Fitzuren Road.

Steven Pinza, Esq. (a 2014 & 2015 Top Sales Broker according to CoStar) represented the Buyer and Seller in the transaction. The property was sold off market for $1,995,000, which equates to roughly $125,000 per unit.

The Pine Garden Apartments is a 16-unit apartment community consisting of (11) 2×1 and (5) 1×1 apartment units. The property also features on-site laundry and pool facilities, well-maintained landscaping, and a (16) car parking lot. Units feature disposals, dishwashers (some), ceiling fans, gas wall-mount heaters and air conditioners, electric stoves and tiled showers with sliding glass doors. The property has tremendous rental upside which the new Owner plans to utilize. Market rents in this part of Antioch for 2bd/1bth units are nearly $1,500 while 1bd/1bth units nearly $1,300.

About Steven Pinza, Esq.
Awarded the prestigious CoStar Power Broker Award for 2014 & 2015, Steven Pinza is President of The Pinza Group, and is a licensed California Real Estate Broker (DRE# 01867691). Steven also has a Juris Doctor from Golden Gate University School of Law, and is a licensed California Attorney (CA BAR# 293173). Steven graduated near the top of his class and received a certification in Real Estate Litigation. Upon graduating from the University of California Riverside with honors in 2005, Steven was the youngest member of the Board of Directors of the Rental Housing Owner’s Association (RHO), and was a leader in RHO’s Membership and Marketing Committee. He also frequently wrote real estate related articles for the association’s newsletter. Steven specializes in the disposition and acquisition of multifamily properties in both Southern Alameda County and Berkeley. With over 75 transactions in the past few years, Steven Pinza currently ranks among the top commercial real estate brokers in the East Bay, including more apartment building sales than any other real estate broker in Southern Alameda County. For more on property management, an estimate of value or investments visit: www.pinzagroup.com or Info@pinzagroup.com.

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