Steven Pinza Closes Triplex in San Lorenzo for $257,000 a Unit

Pinza, San Lorenzo, East Bay, Bay AreaSan Lorenzo, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a three unit apartment building located at 15582 Usher Street in San Lorenzo. Steven Pinza, Esq (the 2014 & 2015 Top Sales Broker in the East Bay according to CoStar), President of The Pinza Group (the 2014 & 2015 Top Multifamily Sales Brokerage in the East Bay according to CoStar) represented the Buyer and Seller in the transaction, which Pinza marketed openly for only three weeks. The property sold for $770,000 which equated to roughly $257,000 per unit and a 4.25% CAP rate.

Located in the non rent controlled city of San Lorenzo, 15582 Usher Street is a triplex which sits on a 7,500 square foot lot, and boasts three 2bd1bth units each with tremendous rental upside. The back duplex was built in the early 1970’s and has renovations throughout. The front unit was built in 1947 and has similar renovations. The property has dual pane windows, interior and exterior upgrades, and significant amenities that many apartment buildings in the area lack. The property is conveniently located close to dining, shopping, freeway access, and public transportation.

Analysts predict 94580 values will rise 2.4% next year, compared to a 2.3% increase for San Lorenzo as a whole. Among 94580 properties, this property is valued 11.7% less than the midpoint (median) property, but is valued 26.6% more per square foot.

About The Pinza Group, Inc.
The Pinza Group, Inc was recently named as the 2014 & 2015 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. 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.

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