301 Country View Ln, Pleasant Hill, California 94523, Pleasant Hill, - bed, bath

home-pic
ACTIVE$1,700,000
301 Country View Ln, Pleasant Hill, California 94523
0Bed
0Bath
Sqft
19,602Lot
Year Built
1987
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41106696
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Located in one of Pleasant Hill's most sought-after neighborhoods, this well-maintained multifamily property provides an exceptional investment opportunity. Built in 1987 the property consists of four spacious and highly sought-after 2-bedroom, 2-bath units across two separate buildings, and is part of a larger community of 24 units. Unlike many other multifamily communities in the area, this property has no HOA. Each unit features in-unit laundry, a dedicated water heater, a private balcony, forced air HVAC, and tasteful interior upgrades—thoughtful touches that ensure high tenant satisfaction and strong retention rates. This property is professionally managed, providing a seamless, hands-off investment experience for owners. Services such as landscaping, pest control, and utility management (water and garbage) are included, offering a hassle-free ownership structure. It’s the perfect opportunity for investors seeking consistent, passive income with minimal involvement. Recent sales of similarly-sized condominiums in the area have averaged $525,000 per unit, making condo conversion an attractive potential exit strategy.

Price History

Date
Event
Price
07/31/25
Listing
$1,700,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot00
Lot Size19,60213,801
50%
Price$1.7M$1.4M
50%
Price per square foot$0$0
Built year19879825994
100%
HOA
Days on market97198
50%
Condition Rating
Fair

Built in 1987, this property shows signs of being well-maintained but features significantly dated interiors, particularly in the kitchens and bathrooms. The kitchen includes older white appliances (coil-top range), laminate countertops, and painted cabinets, which are functional but not modern. Bathrooms feature basic vanities, dated countertops, and standard tub/shower combos. While the description mentions 'tasteful interior upgrades,' these appear to be cosmetic and older, not extensive renovations. The property is aged but maintained, and major components are functional, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property is explicitly marketed as an exceptional investment, offering consistent passive income with minimal owner involvement due to professional management and included services.
Strong Tenant Amenities & Retention: Each unit boasts desirable features like in-unit laundry, a dedicated water heater, private balcony, forced air HVAC, and tasteful interior upgrades, ensuring high tenant satisfaction and retention.
No HOA Fees: Unlike many other multifamily communities, this property has no HOA, which significantly reduces ownership costs and increases the net operating income for the investor.
Condo Conversion Potential: The property offers an attractive potential exit strategy through condo conversion, supported by recent sales of similarly-sized condominiums averaging $525,000 per unit.
Professional Management & Hassle-Free Ownership: The property is professionally managed, with services such as landscaping, pest control, and utility management (water and garbage) included, providing a seamless, hands-off investment experience.

Cons

Property Age & Potential for Future CapEx: Built in 1987, the property is approaching 40 years old. While well-maintained, it may require significant capital expenditures for major system replacements (e.g., roof, plumbing, electrical) in the near future.
Absence of Current Financials: The description lacks specific current financial data such as actual occupancy rates, rental income figures, and detailed operating expenses, which are crucial for a comprehensive investment analysis.
Limited Unit Mix: All four units are 2-bedroom, 2-bath. While sought-after, a lack of diversity in unit sizes could limit the property's appeal to a broader tenant demographic or restrict future rental strategy flexibility.

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