March 7, 2019 – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of six units in Richmond located at 330-336 44th St. Steven Pinza, Esq, the East Bay’s leading multifamily sales broker since 2013 (according to CoStar), represented the Buyer and Seller in the transaction. The property sold for $1,230,000.
330-336 44th Street is a unique opportunity for a new or seasoned investor on a quiet street in a mostly residential neighborhood. This well-maintained property boasts an amazing unit mix six spacious 2bd/1bth units with varying floor plans. Two of the 2bd/1bth units have a bonus room which has been used as a third bedroom, office, or play room. The property has ample, covered parking, on site coin operated laundry, easy to maintain landscaping, and more. Further, the property has recently undergone a number of improvements including fresh exterior paint and interior flooring. Further, rents are about 75% below market, which will allow the next investor to immediately raise rents with the Housing Authority with the subsidized units, and when a non subsidized tenant moves out.
The property is conveniently located close to Richmond Annex, El Cerrito, and South Richmond. With quick access to Highway 80, Highway 580, and 5 minutes from BART (1 mile), this property is a great commute location providing access to San Francisco, Oakland, the East Bay, and Marin.