Pinza Group Closes 18 Units in Moraga for $5.1MM

Pinza Group, Moraga, East Bay, Bay Area, Contra Costa County, Oakland

Pinza Group, Moraga, East Bay, Bay Area, Contra Costa County, OaklandMoraga, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale 18 units in the upscale city of Moraga, 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. The property, 328 & 340 Rheem Blvd, sold for $5,100,000, and was paid for on an all cash basis.

“St. Mary’s College, and the proximity to Oakland and Contra Costa County make Moraga a very safe place to invest” stated Pinza. “The Seller was happy with the price they received since the property was in original condition and had far below market rents. The Buyer will infuse significant capital to ensure he is able to take advantage of the hot rental market in the area” concluded Pinza.

328 Rheem Blvd is an 8,047 square foot structure on a 21,780 square foot lot. The property consists of four 1bd/1bth, five 2bd/1bth, and one 3bd/1.5bth units. The property has a sparkling pool which is in the center of the complex which is an attractive amenity for the young professionals and students who are the most likely future tenants.

340 Rheem Blvd is a 4,928 square foot structure on a 16,553 square foot lot. The property consists of eight 1bd/1bth units of approximately 600 square feet. The property also has ample parking for both tenants and guests. The property set back from the street, and has mature, lush landscaping which adds to the property’s unique tranquility.

Both properties have tremendous rental upside with the rents able to be increased by at least 70%. Each property has onsite, coin-operated laundry which provides the owner with additional income, extra storage, and ample tenant & guest parking. Each unit at each property has a private balcony or patio with views of the Lamorinda Hills.

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.

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