670 Tempe Ct 5 Unit Apartment Building $1,895,000 ($379,000/Unit) 5.42% Cap Rate Pleasant Hill, CA 94523

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, while four of the five 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.