670 Tempe Ct - Apartments FOR SALE


Pleasant Hill, CA 94523
$1,895,000 USD
925-588-9740
670 Tempe Ct, Pleasant Hill, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/14
null | 5.42% Cap Rate

670 Tempe Ct
Pleasant Hill, CA 94523


HIGHLIGHTS

  • Non-Rent-Control Advantage - Pleasant Hill is not subject to local rent control
  • Below-Market Seller Financing - Seller financing is available to qualified buyers at below market interest rates
  • Resilient Rental Market - The submarket consistently outperforms the broader Bay Area
  • High Barrier-to-Entry East Bay Location - Pleasant Hill remains one of the East Bay's most supply-constrained multifamily markets
  • In Place Management - Management offers experienced operational oversight, historical knowledge of the asset and proven expertise
  • Excellent Location - The property is minutes from neighborhood shopping centers, regional retail destinations, parks and Diablo Valley College

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

5

PRICE/UNIT

$379,000

CAP RATE

5.42%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,367 SF

ZONING

PUD, Pleasant Hill

APN/PARCEL ID

153-240-003-1

ASK ABOUT THIS PROPERTY

Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.