Berkeley, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the second of its seven apartment building sales in Berkeley in the month of February. The property, located at 1538 Arch St in a coveted North Berkeley location, sold for $1,885,000.
Steven Pinza, Esq. (2018’s top multifamily real estate broker according to CoStar), President of The Pinza Group, (2018’s top multifamily real estate brokerage according to CoStar) had the exclusive listing agreement and was able to procure a Buyer in a 1031 exchange, who closed the transaction with all cash in 14 days.
Built in 1940, the property boasts five 2bd/1bth units, one 1bd/1bth unit, and one studio. There is ample covered parking, mature landscaping, and on site laundry. The property is currently occupied, but has tremendous rental upside for the next owner, which can be advantageous in North Berkeley’s hot rental market.
1538 Arch St is mere blocks from local retail stores, eateries, blocks from North Berkeley BART and has direct access to I-80, I-980 and Highway 24. 1538 Arch St allows both local and regional investors the opportunity to acquire an investment in a popular market with strong growth potential of both income stream and investment value.
About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014, 2015, 2016, and 2017 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, and 2017. 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.