Pinza Group Closes 20 Units in Hayward for $3.455MM

Pinza Group, Hayward, East Bay, Bay Area

Hayward, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of 658 Cherry Way in Hayward, CA. Steven Pinza, Esq (the 2014, 2015, & 2016 Top 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 in the transaction, which Pinza sold off market. The property sold for $3,455,000 which represented a $172,750 price per door, far lower than other similarly situated buildings.

658 Cherry Way is a well-located, 20-unit apartment building in Hayward’s Cherryland. The property is comprised of three separate buildings that make up 19 apartment units, and a separate three-bedroom home located toward the back of the lot. All units have been completely renovated with stainless steel appliances, dual pane windows, granite counters, new cabinets, and flooring.

658 Cherry Way is considered to be an excellent value-add apartment opportunity, well-located in a quiet mature neighborhood. The property can easily be repositioned to capture the improving market dynamics that are being seen throughout the Bay Area. The property is in unincorporated Alameda County meaning it is not subject to any rent control ordinance.

Cherry is located just off Mission Blvd. on the northernmost border between Hayward and Castro Valley, just south of Hwy 238 and two miles east of Hwy 880. Cherry Way is situated two miles from the Hayward BART station and minutes away from Interstate 580, 880, 238, and 92. Two miles away is the recently built $320 million state of the art Eden Medical Center, and new $22 million Castro Valley Library.

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 100 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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