Five-Unit Berkeley Apartment Complex Sells for $2.3MM

Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of five units in Berkeley’s Elmwood District. The property, located at 2920 Hillegass Avenue, sold for $2,355,000 an above average price per door for this area in Berkeley. Steven Pinza, Esq. had the exclusive right to sell the property on behalf of the Seller.

2920 Hillegass Ave is a five unit multifamily building located in Berkeley’s well known Elmwood area. Elmwood is known for being a family-friendly, desirable place to live with walkable streets, an assortment of unique and wide-ranging shops, and convenient access to BART, the Bay Area’s Rapid Transportation line. Elmwood is located just off Rockridge BART, approximately four blocks down from the station. It is located at the south end of Berkeley, on the north edge of Oakland.

The property boasts the perfect unit mix of a 3bd/2bth custom built, two story home which is completely turn key, and four 2bd/1bth units in the back of the property, all with upgraded kitchens and bathrooms, dual pane windows, balconies or patios, and much more. Each unit is separately metered for PG&E and water, making the property run more efficiently than similarly situated buildings. 2920 Hillegass allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value.

Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Despite the thousands of students attending school on a daily basis, Berkeley remains a quiet neighborhood with a small-town character.

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.

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