Two Alameda Multifamily Properties Sell for $2.5MM

East Bay Multifamily Sales Brokerage and 2018's Top Multifamily Sales Brokerag

Alameda, CA ( July 24, 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 of two income properties in Alameda: four units on 336 Lincoln Avenue (sale price of $1,479,000) and five units on 844 Lincoln Ave (sale price of $1,050,000). The Pinza Group represented the Buyer and Seller on each transaction.

336 Lincoln Avenue is a four unit property less than one mile from the Park Street retail district, and conveniently located near downtown Alameda. The two story fourplex is comprised of one 3bd/1bth house, one 1bd/2bth townhouse style apartment, one 2bd/1bth apartment, and one 1bd/1bth apartment. The property has undergone an exterior renovation including fresh paint and landscaping, and the interiors have been well maintained over the years. There are in unit washer/dryers, tenant parking, a tranquil and mature landscape, and much more. 

844 Lincoln Ave is a five unit multifamily property with three of the five units delivered vacant. The property consists of one 2bd/1bth, three 1bd/1bth, and one studio. The property has onsite parking, laundry, and separate water heaters. The property is a short distance to all of Alameda’s finest attractions. 

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.  

The Pinza Group sold over 50 apartment buildings in 2018, has already completed 35 apartment building sales in 2019, and has 15 apartment buildings in escrow. The Pinza Group can provide you with a free, no obligation estimate of value on any of your properties. We can even show you ways to sell your building without significant tax ramifications even if you do not do a 1031 exchange. Or, if you are looking to invest, we can show you a list of off-market investments.

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