Pinza Group Facilitates Sale of 26 Units in Vallejo for $3.15MM

Pinza Group, East Bay Multifamily Sales Brokerage, Vallejo, CoStar, Eastern San Francisco Bay Area, California Maritime Academy, Mare Island, Carquinez Straight, Walnut Creek, East Bay

Vallejo, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of 26 units in downtown Vallejo located at 807 Sutter Street. Steven Pinza, Esq. (the East Bay’s leading multifamily sales broker according to CoStar) represented the Buyer and Seller in the transaction, which Pinza sold off market. The property sold for $3,150,000, which represented a 6% cap rate with considerable upside left for the new owner.

807 Sutter Street Apartments is located in the Eastern San Francisco Bay Area city of Vallejo. The complex is located close to shopping, transportation, Interstate 80, and schools. It is also located close to the California Maritime Academy and Mare Island. Some of the units offer views of the nearby downtown and Carquinez Straight.

The complex consists of (9) one bedroom, one bathroom units of approximately 600 square feet, (16) studios of about 500 square feet, and (1) one commercial space of approximately 500 square feet. The building features beautiful and uncommon touches, such as marble entryway, brass handrails, claw foot bathtubs, period correct built-in cabinetry, moldings, doors, door handles, 9 foot ceilings, and wainscot throughout the building. Additionally, the majority of windows have been changed in over the past several years.The building is wood frame construction with stucco siding and concrete slab foundation. The foundation, roof, and boiler system were replaced in the last three years.

About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014, 2015, 2016, and 2017 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, and 2017. 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.

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