Situated within the highly desirable East Bay suburb of Pleasant Hill, Alwell stands alone as the city’s first apartment delivery in over two decades and presents the exceptionally rare opportunity to acquire a 100+ unit, Class A community within the affluent I-680 corridor – a submarket insulated by severe development constraints where only 15 comparable assets exist.

Pleasant Hill’s most luxurious rental offering with a development density of only 80 units per acre, Alwell’s construction is peerless with its modern farmhouse-inspired architecture complete with thoughtfully curated designer finishes, a resort-style pool, state-of-the-art fitness center, yoga room, co-working lounge, numerous outdoor courtyards, and a rooftop resident clubhouse with scenic hillside and downtown views.

As the newest delivery in the Walnut Creek/Pleasant Hill area, representing 100% of Pleasant Hill’s Class A inventory, Alwell commands a captive market share that effectively insulates the property from localized competition anchoring long-term asset value.

While the local single-family market remains largely cost-prohibitive and elevated construction costs prevent new apartment development, Alwell is uniquely-positioned to capitalize on the 4% average annual rent growth and 97% average occupancy projected over the next five years as the premier rental housing choice for the area’s deep pool of high-income renters.

Pleasant Hill’s median household income of $153,000 already surpasses neighboring Walnut Creek. It is projected to climb an additional 39% by 2030, fueled by an influx of 62,000 new residents to the greater East Bay – representing the highest five-year population growth forecast among all Bay Area sub-regions, including San Francisco, the Peninsula, the North Bay, and the South Bay.

Strategically positioned along Interstate 680 and less than two miles of the Pleasant Hill BART Station, Alwell offers seamless connectivity to San Francisco and the East Bay’s premier employment hubs, providing the Property with exceptional access to the region’s expanding pool of high-earning renters.

Alwell is just steps from Pleasant Hill’s charming downtown, home to a diverse array of restaurants, cafes, retailers, and grocery stores, including Osaka Marketplace’s brand-new 42,000 square-foot Japanese market hall, the weekly farmers market, numerous community events, Cinemark Century Movie Theatre, Pleasant Hill Park, and the newly constructed Pleasant Hill Library.

The Property delivers residents a unique value proposition, offering a highly amenitized, and walkable location nestled in a peaceful suburban setting – differentiating itself from comparable communities in downtown Walnut Creek set in a crowded urban environment with highly trafficked streets.