Pinza Group Closes Berkeley Mixed Use Building for $1.63MM

Berkeley, East Bay, Bay Area, The Pinza Group

Berkeley, East Bay, Bay Area, The Pinza GroupBerkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the “Carlson’s Block” mixed use building located at 3228 Adeline Street in Berkeley. Steven Pinza, Esq (the 2014 & 2015 Top Sales Broker in the East Bay according to CoStar), President of the Pinza Group, Inc., represented the Buyer and Seller in the transaction which Pinza sold off market. The property sold for $1,630,000, and was obtained using a construction loan.

“This property was marketed by numerous brokers who were simply unable to get the job done. In fact, prior to me putting it in contract, the property was shown by another agent three times in the previous month with no success at all. The Seller was frustrated with the lack of production and called me because of my track record in the East Bay. That same day I sent him an offer and we were in contract” stated Pinza.

3228 Adeline 3228 Adeline is a mixed use building, built in 1904 with four three bedroom two bath apartments over two huge commercial spaces. Four of the six units were vacant at close of escrow which will allow the new Owner to renovate and re-lease the units for market rate. The property is wood framed with wood siding and a pitched composition shingle roof. There are coin laundry facilities as well as six parking spaces at the rear of the property.

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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