Six-Unit Oakland Apartment Complex Sells for $675,000

Oakland, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of six units in Oakland located at 1077 77th Avenue. Steven Pinza, Esq. (the East Bay’s leading multifamily sales broker according to CoStar) represented the Buyer and Seller in the transaction, which Pinza sold after a brief marketing period on the open market. The property sold for $675,000 to an investor who paid all cash for the property and closed within thirty days.

Built in 1944, the property features adobe architecture with Spanish accents. The building consists of six studio units. The units are modest in size, with open floor plans and ample natural light.

The property has been renovated throughout with new kitchens with granite counters, laminate wood flooring, dual pane windows, and new bathrooms. The building is a one-story and built of wood framed construction with stucco exterior. The building has a flat, built-up roof, with a newer sealed membrane on the main structure. The perimeter of the property is fenced with code accessed, gated parking. Residents park their vehicles inside the fence and there is parking for each unit. Residents also benefit from an on-site laundry facility.

Sitting directly across the I-80 from San Francisco, Oakland is a thriving city in its own right, and in recent years has become a popular home for folks seeking more affordable (and available) living arrangements than what is available across the bay without sacrificing the distinctive atmosphere. While shipping is still a major part of the local economy, Oakland is home to the corporate headquarters for everything from established consumer brands to younger tech businesses. The cultural diversity of the city is vast, meaning that it’s easy to find art, food, and people from every corner of the world by just walking down the street.

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

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