340 Rheem Blvd - Apartments FOR SALE


Moraga, CA 94556
$5,795,000 USD
510-725-4775
340 Rheem Blvd, Moraga, CA for Sale
$5,795,000 USD
Apartments - FOR SALE
1/25
null | 6.74% Cap Rate

340 Rheem Blvd
Moraga, CA 94556


HIGHLIGHTS

  • Great Unit Mix of 1bd/1bth, 2bd/1bth, and 3bd/1.5bth Units!
  • Easy-to-Manage Stable Paying Tenants & No City Rent Control!
  • Walking Distance to Shopping, Dining, & Saint Mary's College
  • Onsite Coin Operated Laundry, Covered Parking, and Private Patios
  • Prime Location in the Heart of Moraga, CA!

OVERVIEW

This offering presents a rare opportunity to acquire an 18 unit value-add multifamily investment spread across two parcels in the highly desirable Town of Moraga, CA. The property provides immediate upside potential for an investor to complete interior upgrades and add value to the property. The large unit mix including a spacious 3-bed, 1.5-bath residence offers strong appeal to owner/occupiers and family renters seeking more living space. The Property also features a community pool, ample parking, a large storage closet for each unit, and an on-site, coin-operated laundry facility. Further enhancing the opportunity is the potential for condominium conversion and/or accessory dwelling unit. Moraga is recognized as one of Contra Costa County’s premier communities, with top-rated schools, exceptional quality of life, and outstanding demographics including an avg. household income of $262,781. Ranked the #1 Best Place to Live in Contra Costa County by Niche.com in 2025, Moraga continues to attract high-income families and professionals who value its safe neighborhoods and excellent public education system.

FOR SALE DETAILS

PRICE

$5,795,000 USD

PRICE/SF

$1,176 USD /SF

# OF UNITS

18

PRICE/UNIT

$321,944

CAP RATE

6.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.74% Current Cap Near St. Mary's College

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Suburban Office

APN/PARCEL ID

255-110-011-4

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.