Pinza Group Facilitates Sale of Eight Units in Richmond for $2MM

The Pinza Group, San Francisco, Bay Area, Richmond

The Pinza Group, San Francisco, Bay Area, Richmond

Richmond, CA – The Pinza Group announced another Contra Costa County apartment building sale: eight units located at 5400 Highland Ave in Richmond. 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 which Pinza sold off market for $2,000,000.

“The Buyer of the property was in a 1031 exchange. She reached out to me after not finding any inventory with the agent who sold her dowleg. Within a week of her reaching out, we were in contract on this building” stated Pinza. “Despite rent control, Richmond will continue to gentrify, making it a great place to invest” concluded Pinza.

Built in 1992, 5400 Highland Avenue is 6,800 square foot multifamily building which sits on a 9,000 square foot lot. Located on a quiet street in a mostly residential neighborhood, this well-maintained property boasts a rare unit mix eight 2bd/1bth units of over 800 square feet.. Each unit has nice kitchen, bathroom, hardwood floors or carpet, and separate gas heater. The property is separately metered for gas and electricity and water. The landlord is responsible for only garbage and sewer. There is an on-site coin operated laundry machines which are owned by the owner. The property also has three private enclosed garages which is a huge amenity which tenants enjoy. The building also has covered parking secured by an automatic gate. There is also two storage rooms, and extra private storage which can be rented upon change of ownership. The property has breath taking views of the bay and local bridges, creating a tranquil and peaceful environment.

About The Pinza Group, Inc.
In 2016, The Pinza Group sold 62 apartment buildings in the East Bay, valued at over $150,000,000, and produced over $5MM in real estate commissions. This is triple any real estate brokerage focusing on apartment buildings. Year to date through May, The Pinza Group has sold 31 apartment buildings, and has 14 apartment buildings in escrow.

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.

West Coast Commercial Real Estate News