San Pablo, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, closed its third apartment building of 2018-nine units located at 2409 Standard Avenue in San Pablo. Steven Pinza, Esq. (the President of The Pinza Group, Inc) represented the Buyer and Seller which Pinza closed off market. The asset traded for $1,440,000 to an all cash Buyer.
2409 Standard Ave has been meticulously maintained and continually upgraded. Upgrades include newer model appliances, dual pane windows, new roof, solar powered water heater booster, and in addition three of the units were completely rebuilt within the last ten years due to a kitchen fire. The property also includes coin operated on-site laundry facilities and private off-street parking with one assigned stall per unit. The property boasts a strong unit mix of eight 2bd/1bth units and one 1bd/1bth unit, all with patios and/or balconies.
2409 Standard Ave was an opportunity for an investor to take over a turn key, stable, long term, preforming multifamily property, in an improving neighborhood in the core Bay Area, and realize further upside with improved rents and management.
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.