El Sobrante, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a seven unit multifamily building in El Sobrante, CA-799 El Patio Street.
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. The property sold for $1,095,000, which was the listing price of the asset.
799 El Patio Street is a seven unit multifamily complex located in the quiet residential community of El Sobrante. The property is centrally located and benefits from the quiet small town feel that El Sobrante affords while at the same time allowing tenants easy access to employment via Interstate 80. The property is located just two miles to the Lucky anchored Pinole Vista and Pinole Vista Crossing Shopping Center with a plethora of restaurants and commercial shopping opportunities.
The property is well kept, with attractive grounds, and offers tenants a peaceful and pleasant atmosphere while allowing them the luxury of a centralized location. The property boasts five 1bd/1bth units of approximately 500 square feet, one 3bd/2bth unit of over 1,200 square feet, and one retail/commercial space (non conforming) of approximately 1,400 square feet were. All units are completely remodeled with dual pane windows, updated kitchens and bathrooms, and modern fixtures. The property has tremendous rental upside in a non rent controlled location.
Built in 1941,the complex is situated on a large 7,200-square foot parcel and features
attractive but easy to maintain landscaping. Construction is of wood frame with stucco siding, double pane windows throughout, and a concrete slab foundation.
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.