Pinza Group Announces Sale of Estudillo Trailer Park for $4.78MM

Pinza Group, East Bay Multifamily Sales Brokerage, Estudillo Trailer Park, CoStar, Walnut Creek, leader in investment real estate sales

San Leandro, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the Estudillo Trailer Park in San Leandro. The Pinza Group (the 2014, 2015, & 2016 Top Multifamily Sales Brokerage in the East Bay according to CoStar) represented the Buyer and Seller in the transaction. The property received multiple offers and sold for $4,780,000 which was significantly above list price. The property was openly marketed for a period of thirty days.

The Estudillo Trailer Park, located at 1468 Grand Avenue, offered a rare opportunity to own a trailer park with 40 trailer spaces and 10 modular homes. The property includes on-site laundry, multiple storage facilities and an extra parcel included with the sale that can be used for RV storage to generate additional income. The property presents a re-positioning opportunity for the next investor to have immediate cash flow with significant upside in resale valuation or rents. The majority of the trailer spaces and modular homes are below market in rent, offering the next investor the opportunity to raise rents and achieve greater cash flow. Additionally, the next owner can place modular homes on the remaining spaces to maximize rental income.

Maintenance is low and tenants are responsible for PG&E and reimburse for partial utilities providing for low annual expenses. All trailer spaces and modular homes have PG&E and water/sewer connections making this an excellent alternative form of housing. The property has a history of little or no vacancies and is currently almost 100% occupied. Nearby remodeled 1-bedroom apartments rent for over $2,000 making this a safe and profitable investment with tremendous upside.

About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014 & 2015 & 2016 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. 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.

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