March 18, 2020- The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of a 15 unit multifamily building located at 2339 Hilgard Ave in Berkeley, CA. Steven Pinza, Esq. had the exclusive listing on behalf of the Seller, and also represented the Buyer, who was in a 1031 exchange. The property sold for $4,750,000 and received multiple offers. This is the second multifamily property The Pinza Group sold in Berkeley in the last 14 days.
2339 Hilgard Ave is a multifamily building in Berkeley, CA 94709. This 10,515 square foot multifamily building sits on a 6,250 square foot lot. The property consists of nine studios, and six 1bd/1bth units. There is off street parking, mature landscaping, on site storage, and coin operated laundry. The property is currently occupied, but has tremendous rental upside for the next owner, which can be advantageous in North Berkeley’s hot rental market. The property is completely retrofitted, BESO compliant, Sewer Lateral compliant, and E3 complaint. The property offers a beautiful, aesthetically pleasing design, large spacious common areas, and larger than normal units.
North Berkeley stands as one of the most desirable neighborhoods in East Bay. Million dollar homes cover the hills in styles inspired by early 20th-century architecture. Located along the northern border of the University of California, North Berkeley caters more to residential family life, while more students live on the southside. Despite the thousands of students attending school on a daily basis, North Berkeley remains a quiet neighborhood with a small-town character.