Vallejo, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of its fourth multifamily building in Vallejo in the last three months: 14 units on 144 Hilborn Street. 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.
“This presented a great opportunity for the Buyer. Values in Vallejo have risen tremendously over the past few years and I suspect it will continue to do the same.” Pinza stated. “The Seller didn’t have time for this asset anymore and took advantage of the real estate market in the area and decided to sell. I believe he is very happy with how everything worked out” concluded Pinza.
The property, which sold for $1,350,000, boasts 14 large 1bd/1bth units with amazing views of the Bay and Napa Marsh. The property is only a few minutes away from nearby shopping, dining, public transportation, and the highly sought after Vallejo Marina. The building was 50% vacant and had significant deferred maintenance at the time of sale. The Buyer will look to take advantage of tremendous rental upside in the area once the building is rehabbed.
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. The Pinza Group Property Management, Inc. currently manages over 30 investment properties throughout the East Bay. For more on property management, an estimate of value, or investments visit: www.pinzagroup.com or Info@pinzagroup.com.