Located in one of the East Bay's most desirable rental markets, this well-maintained five-unit apartment property offers investors a rare opportunity to acquire a turnkey asset in supply-constrained Pleasant Hill. The city continues to benefit from limited new multifamily development, strong tenant demand, and consistently low vacancy, making it one of the region's most stable rental markets. The property features an attractive unit mix of one (1) three-bedroom/two-bath unit, two (2) two-bedroom/two-bath units, and two (2) two-bedroom/one-bath units. Each residence includes a gas fireplace, all units offer in-unit laundry. Additional amenities include dishwashers, microwave hoods, electric ranges, and a combination of forced-air HVAC and wall-mounted heating and air conditioning. Recent ownership improvements have significantly reduced future capital needs. A new roof was installed in 2026, the property has been certified as SB 721 compliant, and it will be delivered with a clear Section 1 termite report. Located in the non-rent-controlled City of Pleasant Hill, the property offers investors greater operational flexibility and long-term rental upside than many neighboring East Bay communities. Residents enjoy convenient access to Diablo Valley College, The Veranda, Sunvalley Shopping Center, The Willows Shopping Center, neighborhood retail, parks, golf courses, and the Contra Costa Canal Trail, supporting a diverse and stable tenant base. The professionally managed HOA provides landscaping, pool maintenance, and common area upkeep, creating a low-maintenance ownership opportunity well suited for local and out-of-area investors alike. In addition, below-market seller financing is available to qualified buyers, offering an attractive financing alternative in today's lending environment.
NEW DEVELOPMENT OPPORTUNITY + ACTIVE RENTAL INCOME/ EQUITY- 3 active rentals a duplex and 1 detached SFH that produce $8,000 /Mo. total rent. ALL SHORT TERM LEASES. This project site is 0.43-acres (gross) and is located within a planned unit development, PUD 410, zoning district, A 9 townhouses subdivision, 8 dwellng units 1 low income HDU. 9 - 3 story units with garage ground floor - 3 bedroom, 2 bath, 1400+ sf living area. Two blocks walk to downtown center. Pleasant Hill Planning Comm'n has approved the following: Architectural Review Permit, Major Subdivision (tentative map), Development Plan Permit, Density Bonus Request, Ready to pay permit fees and begin construction.
Pleasant Hill is located in California. Pleasant Hill, California has a population of 34,649. Pleasant Hill is less family-centric than the surrounding county with 35.68% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Pleasant Hill, California is $131,012. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in Pleasant Hill is 41.6 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 38.8 degrees. The average rainfall is approximately 18.3 inches per year, with 0 inches of snow per year.
