October 23, 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 a 13 unit multifamily property located at 8019-8025 Greenridge Drive in Oakland, CA. Steven Pinza, Esq represented the Buyer and Seller on the property which Pinza sold off market for $2.2MM. The sale is the 10th multifamily property The Pinza Group closed in Oakland in this quarter.
8019-8025 Greenridge Drive is a well maintained apartment building in Oakland’s well established Caballo Hills neighborhood. The property has an excellent unit mix consisting of eight (8) 1 bed / 1 bath, two (2) 2 bed / 1 bath, two (2) 2 bed / 2 bath, and one (1) non-conforming studio. All units have a designated covered parking stall and all units are separately metered for PG&E. There is onsite coin operated washer and dryer providing for additional income for the owner.
Located east of highway 580 in the Oakland hills, Greenridge Drive enjoys sweeping views of the Bay Area along with quiet streets. Tenants have the benefit of quick and easy freeway access to highway 580 allowing for a short 30 minute drive to San Francisco. Residents in Oakland Hills treasure their proximity to the redwoods and hiking trails of Redwood Regional Park and the fishing, horseback riding, and marksmanship range of Anthony Chabot Regional Park, both practically in their backyards. The Leona Canyon Open Space Preserve also provides hiking and biking opportunities right in the middle of the neighborhood.