Vallejo, CA – 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 a 25 unit apartment building in Vallejo located at 110 Wilson Ave -the Bayview Apartments. Steven Pinza, Esq, represented the Buyer and Seller on the sale which sold for $4.1MM.
The Bayview Apartments offered a uniquely well-appointed property in a high visibility, convenient location. The property consists of three, two story buildings, and presents the opportunity to capitalize on operational improvements that will boost net operating income and drive cash flow with minimal capital improvement requirements.
The property boasts eight 2bd/1bth units of approximately 675 square feet, and 17 1bd/1bth units of approximately 600 square feet. The property is separately metered for gas and electricity and heat is provided via electric wall heaters or forced air heating systems. There is ample off street and covered parking, on site coin operated laundry, lush and easy to maintain landscaping, and each unit has a private patio or balcony. There is also an on site manager’s office, many exterior & interior improvements, and all roofs have been replaced within the last three years. Most importantly, all of the units are on short term leases or are month to month, which will allow the next investor to come in and immediately raise rents to market in a non rent controlled city.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.