670 Tempe Court
Turn Key 5 Unit, Seller Financing Available
Marketing description
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.
Investment highlights
- High Barrier-to-Entry East Bay Location - Pleasant Hill remains one of the East Bay's most supply-constrained multifamily markets, with limited new development and a scarce inventory of apartment properties. These high barriers to entry continue to support strong renter demand and long-term investment fundamentals.
- Resilient Rental Market - The submarket consistently outperforms the broader Bay Area, maintaining an approximate 5.3% vacancy rate versus 5.9% regionally. Stable occupancy and durable tenant demand provide a strong foundation for long-term income growth.
- Non-Rent-Control Advantage - Pleasant Hill is not subject to local rent control.
- Desirable Unit Mix with Minimal Near-Term Capital Needs - The property features an attractive mix of one (1) three-bedroom/two-bath, two (2) two-bedroom/two-bath, and two (2) two-bedroom/one-bath units. Each unit includes a gas fireplace, four of the five units offer in-unit laundry, and all are equipped with dishwashers, microwave hoods, and electric ranges. Recent ownership improvements include a new roof (2026), SB 721 compliance certification, and the property will be delivered with a clear Section 1 termite report.
- Below-Market Seller Financing - Seller financing is available to qualified buyers at below-market interest rates.
- Turnkey Ownership Opportunity - The professionally managed HOA provides landscaping, pool maintenance, and common area upkeep, creating a low-maintenance investment ideal for passive or out-of-area owners. In-place management by RG Hill offers experienced operational oversight, historical knowledge of the asset, and proven expertise in the Pleasant Hill multifamily market, ensuring a seamless ownership transition.
- Excellent Location with Diverse Demand Drivers - The property is minutes from neighborhood shopping centers, regional retail destinations including The Veranda, The Willows Shopping Center, and Sunvalley Shopping Center, and Diablo Valley College. Nearby parks, golf courses, and the Contra Costa Canal Trail further enhance the property's appeal to a broad tenant base.
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