Concord, 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 an eleven unit apartment building in Concord located at 1835 Robin Ln-The Gil Apartments. Steven Pinza, Esq, represented the Buyer and Seller on the sale which Pinza sold for $2,982,000 after receiving multiple offers
The Gil Apartments presented a rare opportunity for an investor to purchase eleven 2bd/2bth units of approximately 800 square feet and in great condition. The property is within 10-20% of market rents, making this a unique opportunity where an owner will not have to do significant rent increases to achieve significant cash flow. Further, unlike other multifamily properties available in the area, this property has undergone significant renovations and will not need any capital improvement expenditure. Said renovations include but is not limited to, fresh paint, dual pane windows, asphalt, landscaping & mulch, security camera system, private & automatic security gate, and exterior lighting.
The property also has coin operated laundry which generates significant income, as well as private tenant storage, a manager’s office, and a huge owner’s storage unit. There is also on site tenant and guest parking which generates income now and can be increased in the future.
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 or Info@pinzagroup.com
