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Investment Highlights

  • Showing: Thurs 4/16 from 11am-1pm
  • Easy-to-Manage Stable Paying Tenants & No City Rent Control!
  • Onsite Coin Operated Laundry, Covered Parking, and Private Patios
  • Great Unit Mix of 1bd/1bth, 2bd/1bth, and 3bd/1.5bth Units!
  • Walking Distance to Shopping, Dining, & Saint Mary's College
  • Prime Location in the Heart of Moraga, CA!

Executive Summary

328 & 340 RHEEM BLVD-SHOWING THURSDAY 4/16 FROM 11AM -1PM
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.

Property Facts

Price $7,989,393 CAD
Price Per Unit $443,855 CAD
Sale Type Investment
Cap Rate 6.74%
Gross Rent Multiplier 10.8
No. Units 18
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.38 AC
Building Size 12,975 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1964/2020
Parking Ratio 1.54/1,000 SF
Zoning Suburban Office

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - 600
2+1 5 - 800
3+2 1 - 1,775
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
255-110-011-4
Land Assessment
$1,124,371 CAD
Improvements Assessment
$2,154,240 CAD
Total Assessment
$3,278,611 CAD
  • Listing ID: 40132714

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 340 Rheem Blvd, Moraga, CA 94556

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