352 Camelback Rd
Pleasant Hill, CA 94523
Beautiful Pleasant Hill Fourplex · Multifamily Property For Sale · 4 Units

The Camelback North Apartments located at 352-358 Camelback Court, Pleasant Hill is a clean, ideally located multi-family property that has been well maintained and has now been brought to market for the first time in decades. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations—near Diablo Valley College, Sun Valley Mall, Downtown Pleasant Hill, BART, Interstate 680 and Highway 24—making this an uncommon investment opportunity. Additionally, the property is within the Camelback North II Owners Association, which provides amenities such as a sparkling pool, greenbelt area, laundry facility, and clubhouse. Also provided is exterior pest control, tree trimming and removal, landscape maintenance and improvements, driveway and walkway maintenance, carport and walkway lighting, and dumpster enclosure maintenance and cleaning. Unlike many apartment buildings that were built as inexpensively as possible, it is clear to see the higher quality of its construction and design. Low maintenance stucco exteriors, fireplaces, doorbells, solid core front doors are all rarely seen in apartment complexes of this vintage. The property has well designed floor plans and a mix of easy to rent units: (2) 3BR/1.5BA of 1,124 s.f. +/- (2) 2BR/1.5BA of 1,225 s.f. +/- As mentioned above, the units have washer/dryer hookups, fireplaces, large closets, all electric kitchens, tub/shower combinations and large patios. The complex consists of one building that sits on a legal parcel of approximately .25 Acre per the Contra Costa County Tax Assessor. The building features a concrete slab foundation and a pitched, composition shingle roof. The units are separately metered for PG&E. The owner currently pays for the water and trash services, but many owners have reimbursement programs for these utilities, which is a possible strategy that might improve cash flow. There are 4 carport spaces and 5 uncovered parking spaces. The units have been updated in the past several years including painted and refaced cabinetry, coated countertops, new sinks, appliances, window and floor coverings, fixtures, doors and hardware. The units present well, and the property can be owned and operated as it has been for years to come. Alternatively, as many investors in the Pleasant Hill area have noticed, the property could benefit from a significant upside in rents after making upgrades to the apartments. We believe the subject property would respond well with additional amenities such as granite counters, stainless steel appliances, and Pergo style floor coverings.