Richmond, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of yet another East Bay apartment building: 11 units on 2377 Downer & 2370 Garvin in Richmond, California . Steven Pinza, Esq (the 2014 & 2015 Top Sales Broker in the East Bay according to CoStar), President of the Pinza Group, Inc (a 2014 & 2015 Top Sales Firm according to CoStar), represented the Buyer and Seller in the transaction which Pinza sold off market.
“The Buyer was able to close this escrow in 21 days thereby ensuring he’ll be able to raise rents before Richmond can implement any final rent control ordinance” stated Pinza. “This is the third building I’ve sold in Richmond in the last month, and I suspect the Buyer will have no problem increasing rents by taking advantage of Richmond’s hot rental market” concluded Pinza.
The property sold for $1,675,000, with the Buyer paying all commissions. The property boasts 11 units comprised of ten townhouses and one single family home. The property has private enclosed garages, back yards, and spacious layouts. The property is only a few minutes away from nearby shopping, dining, public transportation, and right across the street from an elementary school. The building is very well maintained and offers an opportunity to condo convert each unit.
About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as a 2014 & 2015 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. The Pinza Group is a full service real estate and property management firm located in Walnut Creek, California. Founded in 2013, The Pinza Group is a leader in investment real estate sales with over 70 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 an estimate of value, or off market investments visit: www.pinzagroup.com or email Info@pinzagroup.com.