Richmond, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of six multifamily units in Richmond located at 5306 Bayview 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 had in contract within a week of having the listing. The property sold $1,825,000, which is the highest price per door sale in Richmond’s history for a 1960’s constructed building.
“Richmond continues to be an area where investors are going regardless of the new rent control ordinance,” stated Pinza. “I have already sold four apartment buildings in Richmond in 2017, and have two others in contract. I see no reason why Richmond would slow down any time soon” concluded Pinza.
5306 Bayview is a unique, turn-key multifamily building in a quiet street in a mostly residential neighborhood. This well-maintained property boasts an amazing unit mix of five 2bd/1bth units of approximately 800 sqft and one 3bd/2bth house of approximately 2,000 sqft. The 3bd/2bth single family home sits separate from the back five units. The home has a private two car garage, two stories, and views of the bay area. The unit has been completely re-done and has a patio which allows the tenant to capture breathtaking views of the bay. The back five units have all been remodeled with brand new kitchens, bathrooms, floors, and windows. The exterior has had significant landscape and facade improvements. There is also on-site, coin operated laundry, tenant storage, and ample parking. Additionally, there is a fully re-done patio area perfect for tenant gatherings, gardens, or a play 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 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.