San Leandro, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of five multifamily units in San Leandro located at 2090 Marina Blvd. 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 David Howarth of The Pinza Group, represented the Seller. The property sold for $1,425,000 which is well above the average price per door for sales in the area.
2090 Marina Blvd presents a great opportunity to have immediate cash flow with significant rental upside. The property has a unique set-up with a 2,000 sqft 4bd/2bth front house and four 750 sqft 2bed, 1bth units in the rear. The property sits on a large 1/3 acre lot and offers rear structures for garage space, storage, or laundry which can generate additional income for the next investor. The current owner has updated many of the units, including extensive concrete improvements to the front house and rear units. The front house has a large remodeled kitchen, new cabinets, granite counter tops, under-mount stainless steel sink, eating area, laundry hookups, formal dining room with custom tile, copper plumbing, and a living room with bonus room being used as a 5th bedroom. San Leandro does not have rent control which will allow the Buyer to increase the rental income significantly making this a safe and profitable investment.
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.