Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the first of its seven apartment building sales in Berkeley in the month of February.
Steven Pinza, Esq. (2018’s leading multifamily real estate broker according to CoStar), President of The Pinza Group, (2018’s leading multifamily real estate brokerage according to CoStar) had the exclusive listing agreement and was able to procure a Buyer in a 1031 exchange. The property, located at 2521 Regent St, sold for $6,100,000.
The Regent Manor was a unique opportunity to purchase a 21 unit apartment building a few short blocks to UC Berkeley. The property consists of all 1bd/1bth units of nearly 600 square feet and roughly 40% rental upside.
The apartments boast large eat in kitchens, large walk in closets, a spacious layout, and balconies. The property has an elevator, on site parking, laundry, storage, and a secured perimeter gate. The property has been well kept over the years, including a full seismic retrofit, energy efficient upgrades, and all balconies/walkways certified under Berkeley’s ordinance. The property also has 100% copper plumbing throughout.
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.