Pinza Group Sells Estancia Apartments in Castro Valley for $4.055MM

Pinza Group, Estancia Apartments, Castro Valley, Alameda County, Bay Area

Pinza Group, Estancia Apartments, Castro Valley, Alameda County, Bay Area

Castro Valley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the Estancia Apartments in Castro Valley, California. Steven Pinza, Esq (the 2014, 2015, & 2016 Top 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 in the transaction, which Pinza sold off market. The property sold for $4,055,000 which represented a $289,500 price per door, roughly $30,000 less per door than other nearby apartment sales.

All units are 2bd/1bth townhomes with private garages and backyards, walk-in closets, and modern amenities. Nearly all of the units have been remodeled with new kitchens, bathrooms, windows and flooring. There is on site coin operated laundry, and a private manager’s office. There is significant rental upside in current rents that the new ownership intends to capitalize on within the next three to four months.

The Estancia Apartments located at 19991 Santa Maria are well located close to freeways, shopping, and dining. The property is also close to the award winning Castro Valley High School with easy access to Interstates 580 and 880, Hwy 238 and Hwy 92. Other location amenities include the recently built $320 million state of the art Eden Medical Center, and new $22 million Castro Valley Library.

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 100 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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