Pinza Group Sells Eight Units in Vallejo for $1.050MM

Pinza Group, Vallejo, Bay Area, Farragut Avenue

Pinza Group, Vallejo, Bay Area, Farragut Avenue

Vallejo, CA – The Pinza Group announced its first of three apartment building sales in the month of June in the city of Vallejo: eight apartment units located at 151 Farragut 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 sold off market. The property sold for $1,050,000 and obtained multiple offers after a very brief internal marketing effort.

“The Pinza Group just closed three apartment buildings in Vallejo” stated Pinza. “We had no shortage of interested investors who believe that Vallejo is a market that will benefit greatly from renters flocking from higher priced regions” concluded Pinza.

151 Farragut Ave is located in northern California’s Vallejo Heights neighborhood. Walking distance to the Vallejo Marina, this eight unit building is comprised of 2bd/1bth units with balconies, large kitchens and bedrooms, and views of the water. The property features covered parking, one to one storage, on site laundry, and a tranquil setting that tenants enjoy.

Located in one of the most historic sections of Vallejo, this picturesque community sits across the Napa River from Mare Island. The rental properties in this neighborhood are near some of the area’s best public and private schools, which allow for greater than average rental rates and a ton of interested renters looking to take advantage of the prime location.

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 June, The Pinza Group has sold 31 apartment buildings, and has 14 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 info@pinzagroup.com.

West Coast Commercial Real Estate News