Oakley, CA – The Pinza Group, a leading Bay Area Investment Real Estate Sales Brokerage, has announced the sale of The Cottages at Bolton Rd in Oakley, CA. The Cottages at Bolton Rd is comprised of 12 two bedroom/one bath cottages. The sale also included two single family homes on 37 & 39 W Bolton Rd. The total sales price for all assets was $1,750,000.
Steven Pinza, Esq. (a 2014 & 2015 Top Sales Broker according to CoStar) represented the Buyer and Seller in the transactions which were completed off market. This is The Pinza Group’s second multifamily sale in this part of Contra Costa County in the last thirty days.
The Cottages at Bolton Rd boast 12 legal, non conforming 2bd/1bth units of over 800 square feet. There is also a 13th maintenance/in-law unit which is currently used for the onsite manager, who handles all of the maintenance and repairs for the property. This property sits on its own APN (034-242-027). These units are separately metered for PG&E with the Owner paying for water and garbage. 37 and 39 W Bolton are two single family homes on one parcel (034-242-028) and both consist of three bedrooms and one bathroom. The tenants of the single family homes pay all expenses.
The properties have been upgraded over the years with new electrical panels, upgraded bathroom and kitchens (when needed), and each unit has its own private yard which gives it a comfortable, safe appeal for each tenant. Rents are incredibly below market, and because of this there is a waiting list for tenants who wish to move in upon a vacancy. A new or seasoned investor can easily renovate and raise the rents to $1,650 for each two bedroom unit, and $1,895 for the 3bd/1bth house units.
About Steven Pinza, Esq.
Awarded the prestigious CoStar Power Broker Award for 2014 & 2015, Steven Pinza is President of The Pinza Group, and is a licensed California Real Estate Broker (DRE# 01867691). Steven also has a Juris Doctor from Golden Gate University School of Law, and is a licensed California Attorney (CA BAR# 293173). Steven graduated near the top of his class and received a certification in Real Estate Litigation. Upon graduating from the University of California Riverside with honors in 2005, Steven was the youngest member of the Board of Directors of the Rental Housing Owner’s Association (RHO), and was a leader in RHO’s Membership and Marketing Committee. He also frequently wrote real estate related articles for the association’s newsletter. Steven specializes in the disposition and acquisition of multifamily properties in both Southern Alameda County and Berkeley. With over 60 transactions in the past few years, Steven Pinza currently ranks among the top commercial real estate brokers in the East Bay, including more apartment building sales than any other real estate broker in Southern Alameda County. For more on property management, an estimate of value or investments visit: www.pinzagroup.com or Info@pinzagroup.com.