Richmond, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of six units in Richmond located at 330-336 44th St. Steven Pinza, Esq, the East Bay’s leading multifamily sales broker since 2013 (according to CoStar), represented the Buyer and Seller in the transaction. The property sold for $1,230,000.
330-336 44th Street is a unique opportunity for a new or seasoned investor on a quiet street in a mostly residential neighborhood. This well-maintained property boasts an amazing unit mix six spacious 2bd/1bth units with varying floor plans. Two of the 2bd/1bth units have a bonus room which has been used as a third bedroom, office, or play room. The property has ample, covered parking, on site coin operated laundry, easy to maintain landscaping, and more. Further, the property has recently undergone a number of improvements including fresh exterior paint and interior flooring. Further, rents are about 75% below market, which will allow the next investor to immediately raise rents with the Housing Authority with the subsidized units, and when a non subsidized tenant moves out.
The property is conveniently located close to Richmond Annex, El Cerrito, and South Richmond. With quick access to Highway 80, Highway 580, and 5 minutes from BART (1 mile), this property is a great commute location providing access to San Francisco, Oakland, the East Bay, and Marin.
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.