February 14, 2019– The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the first of its seven apartment building sales in Berkeley in the month of February.
Steven Pinza, Esq. (2018’s leading multifamily real estate broker according to CoStar), President of The Pinza Group, (2018’s leading multifamily real estate brokerage according to CoStar) had the exclusive listing agreement and was able to procure a Buyer in a 1031 exchange. The property, located at 2521 Regent St, sold for $6,100,000.
The Regent Manor was a unique opportunity to purchase a 21 unit apartment building a few short blocks to UC Berkeley. The property consists of all 1bd/1bth units of nearly 600 square feet and roughly 40% rental upside.
The apartments boast large eat in kitchens, large walk in closets, a spacious layout, and balconies. The property has an elevator, on site parking, laundry, storage, and a secured perimeter gate. The property has been well kept over the years, including a full seismic retrofit, energy efficient upgrades, and all balconies/walkways certified under Berkeley’s ordinance. The property also has 100% copper plumbing throughout.