San Leandro, CA – The Pinza Group announced their third transaction of the week: nine units in San Leandro located at 15516-15568 Maubert Ave. 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 marketed for only one month before receiving multiple full price offers. The property sold for $1,995,000.
“The Buyer of the property recently sold another apartment building with me, and was able to secure 15516-15568 Maubert as the exchange property” stated Pinza. “This is a tremendous asset with no rent control, large units, and big rental upside. The Buyer will enjoy this property and revenue for years to come” concluded Pinza.
The subject properties consist of nine total units across two separate APN’s. 15516 Maubert Ave (APN: 80-46-16) consists of seven units (6,067 rentable square feet) on a 20,800sqft lot. 15568 Maubert Ave (APN:80-46-15) consists of two units (1,580 rentable square feet) on a 9,344 square foot lot.The property boasts a strong unit mix of six 2bd/1bth units and three 1bd/1bth units.
Many units have private yards, garages, storage sheds, and washer dryer hookups. Although there are many renovations needed, the next owner is allowed to come in and raise rents to market as there is no rent control in this unincorporated San Leandro location.This quiet section of San Leandro is particularly attractive and will continue to demand premium rents due to it not being subject to any rent control ordinance.
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.