El Cerrito, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of another West Contra Costa County apartment building: ten units located at 5621 El Dorado Avenue in El Cerrito. Steven Pinza, Esq. (the East Bay’s leading multifamily sales broker according to CoStar) represented the Buyer and Seller in the transaction. The property sold for $3,550,000, an above average price per door in the area.
5621 El Dorado Avenue in El Cerrito presented a unique opportunity for a new or seasoned investor to invest in an attractive, well-built 1970 apartment building. The property boasts a tremendous unit mix of nine 2bd/1bth units and one 4bd/2bth unit. All units have been completely remodeled with laminate wood floors, two toned paint, stainless steel appliances, granite counters, new cabinets, new bathrooms/kitchens, and dual pane windows. Exterior upgrades include but are not limited to fresh paint, new landscaping, soft story structure protection work, The property has on site coin operated laundry for additional income. The current rents are below market which will allow the next owner to come in, raise rents, and improve an already strong tenant profile.
5621 El Dorado Avenue is a central El Cerrito location just a few blocks from City Hall. it offers excellent proximity to the two El Cerrito BART stations and to I-80 as well as to local retail, dining, and recreational services. Access to the popular Ohlone Gateway is mere seconds, making this one of the best opportunities to invest in the Bay Area.
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.