It’s a wonderful time to call Pleasanton, CA home. And it seems like the whole country agrees. Pleasanton was recently named the second-best small city in California. Our lovely little town has drawn in waves of new residents due to our affluent suburban feel, top-ranking schools, and a plethora of outdoor activities to enjoy.
Whether you live within the city limits or not, the desirability of Pleasanton for residents is synonymous with desirability for you as an investor. Many options for neighborhoods here are safe for your tenants and your peace of mind. As long as you have the capital and the investment know-how, your ROI investment can be very high.
We’ll discuss why Pleasanton is a great option for investment right now, and what neighborhoods you should keep an eye on.
Why Invest in Pleasanton?
Pleasanton has an economy that has remained consistently stable. Property costs are higher here but have great appreciation potential. Rental rates are also significantly higher than the national average, which is great for your passive rental income potential. There’s also great income potential here for career men and women due to the proximity to major job hubs.
Pleasanton’s popularity amongst families, professionals, and retirees has kept its population growing in recent years. The town’s investment potential is directly tied to that popularity. Demand for quality rental housing is competitive, and people will pay a pretty penny for the luxury of living in Pleasanton. With a quality property manager on your side, keeping your rental income flow consistent is easily attainable.
Factors to Consider Before Investing in Pleasanton
With so much demand amongst tenants comes a competitive real estate market as well. Homes in Pleasanton often sell above the listing price, with multiple bids being placed on a property. This creates a higher barrier of entry for investors here that you must take into account.
California also has many laws and regulations to navigate as a landlord. You have to be careful in how you conduct screening processes and tenant relations in your rental business. With the right expertise and good real estate practices in mind, however, you can overcome and make a great profit here.
Top Pleasanton Neighborhoods for Real Estate Investment
With everything about Pleasanton as a whole in mind, let’s dive into the best neighborhoods to invest in here.
Castlewood
Castlewood is a Pleasanton neighborhood with an equal blend of history and modern amenities. Castlewood was formerly a clubhouse where Phoebe Hearst, founder of the National Parent-Teacher Association, lived. In the 1920s, it was sold and turned into a country club that slowly transformed into a wealthy hillside community.
Castlewood is a diverse community with plenty of amenities. It’s known for its PGA golf courses, recreational facilities, and fabulous homes that vary in style. Rental rates are high in this community, giving it great potential for property investors.
Mission Park
A bit newer than Castlewood, Mission Park is a great neighborhood for families. It’s conveniently located near major roads, downtown Pleasanton, and some of Pleasanton’s great schools. Most of the homes here are ranch-style as well, giving residents plenty of space for outdoor activities and privacy.
Birdland
Located in central Pleasanton, Birdland is one of the most popular neighborhoods in town. Similar to Mission Park, the neighborhood is situated extremely close to great schools and numerous parks for residents to enjoy. The neighborhood is particularly known for its well-kept streets and popular floor plans that are sure to draw tenants in.
Vintage Hills
The Vintage Hills community is on the east side of town, which is the ideal spot for wonderful views of the area. It’s perfect for residents looking for a peaceful way of life. It’s not far from Livermore Wine Country, so tenants are sure to have an easygoing way of life here.
Ruby Hill
Ruby Hill is one of the most upscale neighborhoods in all of Pleasanton. The community is gated with 24/7 security to keep the impressive homes here safe. Acquiring a home here will cost top dollar for you as an investor. However, the very high rent and security of the neighborhood could make it worth the investment.
Stoneridge
As a neighborhood, Stoneridge is capable of supporting a greater variety of income levels than the more upscale neighborhoods. Stoneridge has more options for housing like smaller single-family homes and apartments for young professionals or families just starting out. This can give you more options as an investor for getting started in Pleasanton.
Ironwood
Started just 20 years ago this year, Ironwood is the youngest community on this list. The neighborhood is also located in central Pleasanton, still giving it perfect access to schools and jobs. It has all the expected amenities like pools, parks, and walking trails, while still being accessible for families and single folks alike.
Kottinger Ranch
Kottinger Ranch is a little further into the foothills in the southwest corner of Pleasanton. Even though it is a little further from the central area, it still has easy access to downtown. The neighborhood is perfect for residents who want to feel close to nature, with its scenic views of the greater area.
Val Vista & Valley Trails
This joint community is another option in Pleasanton that’s great for families, but also diverse enough in its housing to accommodate upscale residents as well. Its location makes it perfect for school kids, active adults, and workers. It similarly has well-maintained homes that make it easy to find a desirable property.
Get Started in Pleasanton Today!
There are so many other beautiful neighborhoods that could be listed here for Pleasanton. As an investor, you’ll truly have a wealth of options for properties. If you find yourself in need of a team to help you explore those options or manage your rental property, we’re here to help.
Advantage Property Management Services is your premier partner for property management services in Pleasanton. We’ve helped owners like you succeed with their rentals all over the city as well as the surrounding areas.
You can learn more about our services and property management plans here. We’re always here for free consultations as well!
