Castro Valley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of eight condominiums located at 22242-22258 N 6th Street in Castro Valley. 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 $2,365,000, which represented a $295,000 per door, and roughly $235sq/ft.
22242-22258 N 6th Street consist of eight individual condos with separate APN numbers. The property is comprised of four 2bd/1.5bth townhomes, two 3bd/2bth townhomes, and two 3bd/2.5bth townhomes. All units have been completely renovated with stainless steel appliances, dual pane windows, in unit washer and dryers, private enclosed garages, granite counters, new cabinets, and flooring.
Similar condos nearby are selling at roughly $500sq/ft or $450,000+ which allowed the new owner to have immediate equity upon close of escrow. Further, with no rent control in Castro Valley, the new owner can capture significant rental upside in one of the hottest rental areas in the East Bay.
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.