$250K PRICE IMPROVEMENT 340 Rheem Blvd 18 Unit Apartment Building $5,500,000 ($305,556/Unit) 7.10% Cap Rate Moraga, CA 94556

This offering presents a rare opportunity to acquire an 18 unit value-add multifamily investment spread across two parcels (328 & 340 Rheem Blvd) 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.