Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of five multifamily units in North Berkeley located at 1802 Bonita Ave. Steven Pinza, Esq (the 2014, 2015, & 2016 Top Multifamily 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 and Seller in the transaction. The property sold for $1,900,000, which Pinza sold off market.
Built in 19014, the property consists of five completely vacant, but newly remodeled units. The property boasts one 4bd/2bth, two 1bd/1bth, and two studios. The two story building includes on-site parking, common area side yard and is located in North West Berkeley blocks from the University of Berkeley. The Buyer, an experienced investor, will be able to lease all units at market rents during Berkeley’s peak renting season, thereby circumventing Berkeley’s horrendous rent control ordinance. 1802 Bonita Avenue is surrounded by local retail stores, eateries, blocks from North Berkeley BART and has direct access to I-80, I-980 and Highway 24. 1802 Bonita Avenue allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value.
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 125 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.