Pinza Group Closes Two Richmond Apartment Buildings for $1.33MM

Pinza Group, Richmond, Bay Area, San Francisco
316 South 3rd Street, Richmond, CA
Pinza Group, Richmond, Bay Area, San Francisco
316 South 3rd Street, Richmond, CA

Richmond, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of two apartment buildings in Richmond, CA: 316 S 3rd St and 31 13th St. 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 and Seller in the transaction, which Pinza sold after marketing the properties for one week. The properties were sold to the same buyer, who paid all cash for the properties. 316 S 3rd sold for $700,000 and 31 13th St sold for $630,000.

316 South 3rd is a 1960’s constructed multifamily building consisting of six 2bd/1bth units of approximately 1,400 sqft. The property is of exceptional quality coupled with many recent renovations throughout. The property has been exceptionally well-kept over the years and has received numerous recent upgrades by the current owner including: new landscaping, new paint on the exterior, new kitchens/bathrooms, carpet/tile, interior paint, fixtures, and appliances. The property has dual pane windows throughout, a newer roof, and much more. There is a central courtyard which is protected by a private gate, and ample, covered parking. The property is well secured with security gates, and offers a peaceful environment that tenants enjoy. Each unit is separately metered for gas and electricity as well as water. Each unit has its own washer and dryer hookup as well.

Built in 1984, 31 13th Street in Richmond, CA is a 3,488 square foot multifamily building which sits on a 5,625 square foot lot. Located on a quiet street in a mostly residential neighborhood, this well-maintained property boasts a rare unit mix of three 2bd/1bth units of approximately 760 sq feet, one 3bd/1.5bth unit of approximately 960 square feet, and one studio of roughly 400 square feet (non conforming). Each unit has nice kitchen, bathroom, hardwood floors or carpet, and separate gas heater. The property is separately metered for gas and electricity. The landlord is responsible for water, sewer, and trash services. There is an on-site laundry facility that generates additional income for owner. The property also has private enclosed garages which is a huge amenity which tenants enjoy.

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.

West Coast Commercial Real Estate News