Walnut Creek, CA – The Pinza Group, Inc, a leading Bay Area commercial real estate investment firm with its headquarters in Walnut Creek, announced yet another multifamily apartment sale in December: an 8-unit apartment building located in Rodeo, CA. The asset sold for $950,000, slightly below list price.
Steven Pinza, Esq, had the exclusive listing to market the property on behalf of the Sellers. The Buyer, a private investor, was secured and represented by Steven Pinza, Esq. as well.
The subject property offered investors the opportunity to acquire a rare apartment building in good condition at an excellent intrinsic value, with realistic upside in the rental income. The property overlooks San Pablo Bay and is just three miles north of Hercules and Pinole, and just 10 miles west of Martinez. The apartment building is two stories and consists of six 2bd/1th units, one 1bd/1bth unit, and one 3bd/1bth unit with a living and dining room.
The property has undergone a thorough transformation with a constant upkeep, refinished stucco, and the renovation of many of the units. All units are separately metered for their own gas and electricity. The utilities paid by the landlord include hot water and exterior lighting.
About The Pinza Group, Inc
The Pinza Group is an investment real estate company 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 Bay Area. 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.