Six-Unit Oakland Property Sells for $1.495MM

Pinza Group, East Bay, CoStar, Lake Merritt, Oakland,

Oakland, CA (July 31, 2019) – The Pinza Group, the leading East Bay Multifamily Sales Brokerage and 2018’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale a six unit multifamily near Lake Merritt in Oakland located at 415 E 19th St. Steven Pinza, Esq. (President of The Pinza Group, Inc) represented the Buyer and Seller on the transaction, which sold for $1.495MM, and procured multiple offers on this well maintained asset. 

415 E 19th Street presented an opportunity to purchase six 2bd/1bth apartments close to the highly coveted Lake Merritt area in Oakland. While the property does not have onsite parking, it does feature an aesthetically appealing design and common area, fresh paint, and many other upgrades. The interior hallway has been recently painted and has new laminate flooring. The next Owner can benefit by increasing income not only upon turnover, but through banked rent increases from capital improvements, doing more capital improvements to increase rents, or through tenant buyouts. 

About The Pinza Group

The Pinza Group, Inc was named as the 2014, 2015, 2016, 2017, and 2018 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.

West Coast Commercial Real Estate News