Hayward, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of 51 units in Hayward – The Vivante Apartments. 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) facilitated the sale for the Buyer and Seller without putting the property on the open market. The sale price of $15,741,000 did not include any brokerage fees, which were paid outside of escrow.
The Vivante apartments consists of thirty 3bd/2bth units of 960 square feet, eight 2bd/2bth units with a den at 960 square feet, and thirteen 2bd/2bth units of 790 square feet. The property has many renovated & decontrolled units, easy to maintain landscaping, and is close to many forms of public transportation. Nearly $1,000,000 had been spent on the exterior alone in the last two years including new roof, windows, paint, facade, signage, and more. The next investor plans to take advantage of Hayward’s incredibly hot real estate market by raising rents nearly 30% from their current levels.
“Even though the property was renovated significantly by the previous ownership group, the new Owners will take it to the next level” stated Pinza. “I am happy that I was able to negotiate this sale and that all parties walked away pleased with the results” concluded Pinza.
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.