March 24, 2020- The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a seven unit mixed use building at 799 El Patio Road in El Sobrante, CA. Steven Pinza, Esq. represented the Seller in the transaction which procured multiple offers and sold at $1.77MM which is a record price per door for El Sobrante.
799 El Patio Rd is a mixed use building with a large commercial space (4414 Hilltop Drive), five 1bd/1bth units, and one 3bd/2bth house. The property has undergone significant renovations including but not limited to fresh exterior paint, multiple full interior renovations, rebuilt stairwells, new asphalt and more. The property will be delivered with the commercial space vacant thereby allowing for an owner user, or for the next investor to lease the space as they deem fit. There are other income streams that may be added including but not limited to parking income and utility expense recapture.
El Sobrante is situated about 20 miles northwest of San Francisco, El Sobrante offers residents a quiet place to call home among tree-laden hills as well as convenience to one of the most dynamic cities in the United States. While El Sobrante is a predominantly residential area, it is accessible to numerous retailers in the Pinole Vista Shopping Center and Hilltop Mall in addition to a variety of thrift stores and restaurants scattered along San Pablo Dam Road. El Sobrante residents enjoy the many outdoor recreational opportunities in their backyard, with Pinole Valley Park, Kennedy Grove Regional Recreation Area, Alvarado Park, Wildcat Canyon Regional Park, and San Pablo Reservoir Recreation Area all nearby. Easy access to the I-80 makes getting around from El Sobrante simple.