Walnut Creek, California (February 26, 2018) – PTLA Real Estate Group announced today that it has acquired a 24-unit multi-family property in Walnut Creek, California.
Located right off the 680 freeway and less than 1 mile from the Pleasant Hill/Contra Costa Centre BART station, this 1950s era property has prime access to job centers, transportation, schools, shopping, and restaurants in the Walnut Creek and Pleasant Hill area.
PTLA Real Estate Group will provide project management and property management, overseeing a renovation of the asset, as well as long-term management.
This two-story property contains 20 one-bedroom units and 4 two-bedroom units, a recreational pool, laundry facility, and outdoor common areas. This asset will join PTLA Real Estate Group’s Bay Area portfolio of similar vintage properties in walkable locations. The closing of this deal marks the 8th East Bay acquisition for the company since 2014.
ABOUT PTLA REAL ESTATE GROUP
PTLA Real Estate Group is an independent company that acquires and manages multi-family real estate with a specific focus in the Northern California market. Since 1971, we have built a team and company centered around the goal of achieving a higher standard of excellence. For more information, please visit our website at www.ptlareg.com.
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