Oakland, CA – The Pinza Group announced another sale in Oakland, CA: five units located at 6137 Macarthur 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 in the transaction. David Howarth of The Pinza Group, represented the Seller. The property was sold for $1,400,000 after being marketed for three months on the open market.
Built in 2016, 6137 Macarthur Blvd is a five unit apartment building consisting of five 2bd/1bth units with spacious layouts. Located along a quiet residential street, 6137 Macarthur Blvd consists of remodeled apartments with in unit washer and dryers, partial to full views, hardwood floors, granite counters, ample light, and stainless steel appliances. There is off street, lift parking available, which could also be rented to tenants in the future. Perhaps most important is that the building is exempt from Oakland’s rent control ordinance which allows the next investor to keep up with Oakland’s consistent rental rate increases. Rents in Oakland are up over twenty-nine percent (29%) over the last two years, and show no signs of slowing down, making a non-rent controlled building a rare and lucrative investment.
Conveniently located a short walk to Mills College, Laurel District Shopping, and public transportation, 6137 Macarthur Blvd is a perfect investment in Oakland’s hot rental market. Located just off of I-580 and just two and one-half miles from Coliseum BART, the property will attract commuters as well as those who work in the area. Investors stand to realize significant cash flow upon acquisition with significant income potential upside. The Mills College/Eastman Hills neighborhoods provide substantial retail and restaurant options, as well as close connectivity to I-580 and I-880.
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 20 apartment buildings, and has 17 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 firstname.lastname@example.org.