Five-Unit Property in Berkeley Sells for $2.25MM

Pinza Group, Berkeley, East Bay, CoStar, BART, UC Berkeley,

Berkeley, CA (July 23, 2019) – 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 five unit multifamily property located at 1906 Bonita Avenue in Berkeley. Steven Pinza, Esq. represented the Buyer and Seller in the transaction which sold for $2,250,000, an above market price per door for this area.

1906 Bonita Avenue in Berkeley presented an opportunity for an investor, or owner user, to acquire a five unit property which was  delivered completely vacant. The property consists of one 3bd/2bth unit of approximately 900 square feet, one 1bd/1bth unit of 875 square feet, one 1bd/1bth unit of 575 square feet, one 2bd/1bth unit of 625 square feet, and one 2bd/1bth unit of approximately 775 square feet. The property has in unit washer/dryer for three of the five units, another communal laundry area, a tranquil landscape, a mature and easy to maintain landscaping and much more. The next Owner has the option to lease units using AIRBNB, or take advantage of Berkeley’s hot rental market.  

The property is a short distance to North Berkeley’s finest attractions, downtown Berkeley, BART, and UC Berkeley, making this one of the most coveted areas to invest in all of Berkeley. 

About The Pinza Group

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.

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