Berkeley, 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 a three building portfolio in North Berkeley located at 2119-2131 Hearst Avenue. Steven Pinza, Esq, represented the Buyer and Seller on the transaction which Pinza sold off market for $10,145,000.
“Numerous other brokerages attempted to sell these properties but none of them were able to obtain a bonafide purchaser at a high price like we were” stated Pinza. “We’ve seen some properties recently sell for well under their worth in Berkeley, and I am glad that did not happen here” concluded Pinza.
2119-2131 Hearst Avenue presented a rare opportunity for an investor to purchase three contiguous parcels in the most sought after Berkeley location-steps to UC Berkeley and North Berkeley’s finest attractions. 2119 Hearst Avenue is a 12 unit apartment building (APN 57-2049-009) which 6,802 rentable square feet on a 6,566 square foot lot. 2125 Hearst Avenue (APN 057-2049-008) is also a 12 unit apartment building with 8,504 rentable square feet on a 6,700 square foot lot. 2131 Hearst Avenue (APN 057-2049-007) is an eight unit apartment building with 7,129 of rentable square feet on a 6,700 square foot lot.
The property has on site, coin operated laundry, parking, fresh paint, and has many interior renovations. Further, the property will be delivered with vacant units, allowing the next investor to renovate the units to his/her liking, and rent the units at the going market rate.
About The Pinza Group, Inc.
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.