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Downtown Pleasanton Multifamily Investment Opportunity

187 Old Bernal Ave, Pleasanton, CA 94566

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For Sale

$4,095,000

Updated 10-unit residential property near downtown Pleasanton.

Type:Investment

HighLights

Prime downtown Pleasanton location, just a block from Main Street restaurants, cafes, shops, and entertainment.
Turn‑key, meticulously maintained 10‑unit residential building.
Strong investment opportunity with consistent appreciation, low vacancy rates, and premium rents.
Mix of (8) 1‑bedroom/1‑bath and (2) 2‑bedroom/1‑bath units.
Convenient access to ACE Train, I‑680, and BART.
On‑site coin‑operated laundry room.

We can help!

Listing Contact

Mike Carey

Learn more

For Sale

$4,095,000

Updated 10-unit residential property near downtown Pleasanton.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 8:01 pm

Property Features for 187 Old Bernal Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1951

We can help!

Listing Contact

Mike Carey

Listing agent Mike Carey

Listing office INVESTMENT REAL ESTATE COMPANY

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of INVESTMENT REAL ESTATE COMPANY

HighLights

Prime downtown Pleasanton location, just a block from Main Street restaurants, cafes, shops, and entertainment.
Turn‑key, meticulously maintained 10‑unit residential building.
Strong investment opportunity with consistent appreciation, low vacancy rates, and premium rents.
Mix of (8) 1‑bedroom/1‑bath and (2) 2‑bedroom/1‑bath units.
Convenient access to ACE Train, I‑680, and BART.
On‑site coin‑operated laundry room.

Overview

This meticulously maintained, turn-key property features 10 updated residential units, comprising eight 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. An on-site coin-operated laundry room is available for residents. Located in downtown Pleasanton, the property is one block from Main Street's restaurants, cafes, shops, and entertainment venues. Its location also offers convenient access to the ACE Train station, I-680, and BART. The property is positioned as an investment opportunity with immediate cash flow and long-term growth potential, characterized by consistent appreciation, low vacancy rates, and premium rents. The bike score is 69, indicating it is bikeable. The walk score is 81, indicating it is very walkable. The transit score is 32, indicating some transit options are available.

Location Intelligence

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Apartment buildings

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Local Demand

City: Pleasanton
County: Alameda
State: California
Longitude: -121.8783131
Latitude: 37.6589853

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For sale
Apartment buildings
CA
Pleasanton
94566
187 Old Bernal Ave

What type of property is this?

Apartment building - Updated 10-unit residential property near downtown Pleasanton.

Where is this apartment building located?

The property is located at 187 Old Bernal Ave Pleasanton, CA.

What is the asking price?

The asking price for this property is $4,095,000.

What are key features of this property?

This property features: Prime downtown Pleasanton location, just a block from Main Street restaurants, cafes, shops, and entertainment.; Turn‑key, meticulously maintained 10‑unit residential building.; Strong investment opportunity with consistent appreciation, low vacancy rates, and premium rents.