Oakland, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, closed another apartment building in Oakland, this time five units located at 9940 D Street. David Howarth, a Senior Investment Associate at The Pinza Group, represented the Buyer and Seller in the transaction, which Howarth sold of market. The purchase price was $700,000.
9940 D Street offered five units and presented a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property offers four large 2bd/1bth units and one 1bd/1bth units. The front of the property has two 2bd/1bth units, the side of the property has one 1bd/1bth unit, and the rear has two 2bd/1bth units. The two units in the rear have their own backyards. The property is separately metered for water and PG&E providing for low monthly utility expenses.
All tenants have their own washer and dryer hook-ups. There are two garages in the front and four parking spaces. All units have hardwood floors and are in good condition. The layout of the property is excellent, with three units in the front and two units in the rear, providing for excellent privacy which the tenants appreciate. Historically, there has been little or no vacancies and many units are below market in rent, offering the next investor the opportunity to raise rents and achieve greater cash flow. Nearby two bedroom apartments rent for over $2,000 making this a safe and profitable investment.
9940 D Street has a Walk Score of 70 out of 100. The location is Very Walkable so most errands can be accomplished on foot. This location is in the North Stonehurst neighborhood in Oakland. Nearby parks include Elmhurst Park, Stonehurst Recreation Area and Carney Park.
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.