Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of five units in South Berkeley located at 2918 Stanton Street. Steven Pinza, Esq. (the East Bay’s leading multifamily sales broker according to CoStar) represented the Buyer and Seller in the transaction, which sold for $1,380,000. This is the second property the Pinza Group sold on behalf of the Seller in the last six months.
2918 Stanton Street consists of four 1bd/1bth units of 650 square feet, and one 3bd/1bth unit of 1,300 square feet. Three of the units were delivered vacant at close, allowing the next investor to raise rents to market or put Section 8 into the units to circumvent rent control permanently. The 3bd house has a private two car garage and washer/dryer hookups. All units have dual pane windows, living/dining room, large kitchen, and updated kitchens and bathrooms. The property has mature/lush landscaping, a front, side and back yard, and much more. The property has a large back yard area perfect for gatherings or to enjoy Berkeley’s tranquility. The tenants pay PG&E making this an incredibly low expense building.
Centrally located only a few blocks away from the shops and restaurants on Ashby and San Pablo Avenue, this multifamily property presents a rare and lucrative investment opportunity. These apartments allow for tremendous up-side potential and will continue to be in high demand due to their proximity to the major thoroughfares of University, San Pablo and Ashby Avenues as well as Berkeley centers of commerce.
About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014, 2015, 2016, and 2017 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, and 2017. Founded in 2013, The Pinza Group is a leader in investment real estate sales with over 130 apartment building 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.