Pinza Group Sells Five Units in Southwest Berkeley for $1.125MM

Pinza Group, Berkeley, Top Multifamily Sales Brokerage, Southwest Berkeley, University Ave, Sacramento St, Alcatraz Ave, Walnut Creek

Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of five units in Berkeley located at 2314 Tenth 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 $1,125,000, which Pinza sold after marketing the property on the open market for four months.

2314 10th Street in Berkeley is a five unit, completely vacant apartment building in South Berkeley. The property has 2,405 rentable square feet, and sits on a 3,900 square foot lot. The property consists of five 1bd/1bth units of approximately 500 square feet. The property has the opportunity for on site, coin operated laundry, and is separately metered for PG&E and Water. The fact that the building is 100% vacant is a huge selling point as now an investor can come in, renovate the units, and raise rents to market immediately, thereby removing any significant issue typically presented in a rent controlled market such as Berkeley.

Southwest Berkeley is bounded by University Ave to the north, Sacramento St to the East, Alcatraz Ave to the south and the bay to the west. Southwest Berkeley comprises a fascinating mix of the educational and the industrial. With the exception of gentrified 4th Street, the southwest portion of town is inhabited by mostly working class individuals and families.

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.

West Coast Commercial Real Estate News