Vallejo, CA – The Pinza Group announced its third apartment building sale in the month of June in the city of Vallejo: eight units located at 601 Alabama Street, the Sonoma Vista Apartments. The property sold for $825,000 and obtained significant interest after a brief internal marketing period.
Steven Pinza, Esq (the 2014, 2015, & 2016 Top Multifamily Sales Broker in the East Bay according to CoStar), President of 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 which Pinza sold off market.
601 Alabama Street consists of eight 1bd/1bth units of approximately 500 square feet. The building has 10 parking spaces, on site laundry capabilities, new windows, and private security gates. The rental rates are far below market, which will allow the next investor to raise rents significantly in a non-rent controlled market.
South Vallejo contains some of the most valuable and beautiful housing in Vallejo. As the largest city in Solano County, and the 10th largest city in the San Francisco Bay Area, Vallejo has become a hot destination for young families, single professionals and artists, many who have left San Francisco for more affordable Victorian homes and a family-oriented, progressive community that lets you still be close to all the action of the big city when you want it. You’ll find Glen Cove here, with views of the Carquinez Strait and the Carquinez Bridge.
About The Pinza Group, Inc.
In 2016, The Pinza Group sold 62 apartment buildings in the East Bay, valued at over $150,000,000, and produced over $5MM in real estate commissions. This is triple any real estate brokerage focusing on apartment buildings. Year to date through June, The Pinza Group has sold 31 apartment buildings, and has 14 apartment buildings in escrow.
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.
