Moraga Apartment Building with
2044 Ascot Dr Moraga, CA 94556
2044 Ascot Dr, Moraga, CA, 94556
$2,695,000
For Sale
$2,695,000
Well-maintained apartment building in premier location with income upside potential.
Property Size7,202 SF
Price / SF$374.20
Days on Market404
Property Features for 2044 Ascot Dr
General Information
- Standard status
- Active
- Size
- 7,202 SF
Building Details
- Year Built
- 1970
Listing Agency
UNITED APARTMENT GROUP
Listed by
THEODORE BOORAS
Source
Corcoran
Added: Jun 9, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED APARTMENT GROUP
Investment Insights
Based on property information with market context.
2044 Ascot Drive presents an opportunity to acquire an apartment building in a premier East Bay location. The property features 6 two-bedroom apartments and 1 one-bedroom apartment, set within a garden setting, steps away from a secluded pool and BBQ cabana area. The property has long-term historical occupancy, and in-place rents are within 9% of current market rents. Additional income upside potential exists via parking, laundry, and the implementation of a rationed utility billing system. Residents are steps away from Mulholland Open Space hiking and a quick drive to St. Mary's College. The property has undergone interior updates along with over $90,000 in recent improvements. The building includes one non-conforming unit. The Moraga fire certificate is in process. The property size is 7202 square feet.
Key Highlights
- Prime East Bay location with strong rental demand.
- Six 2‑bedroom apartments and one 1‑bedroom apartment.
- In‑place rents are within 9% of current market rents.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $218.7k | $30.36 |
| − Vacancy | −$10.5k | −$1.46 |
| EGI | $208.2k | $28.90 |
| − OpEx | −$93.7k | −$13.01 |
| NOI | $114.5k | $15.90 |
7,202 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,487 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,565 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained apartment building in premier location with income upside potential.
Where is this apartment building located?
The property is located at 2044 Ascot Dr Moraga, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Prime East Bay location with strong rental demand.; Six 2‑bedroom apartments and one 1‑bedroom apartment.; In‑place rents are within 9% of current market rents.
