Multifamily Property Near Saint Mary's
340 Rheem Blvd Moraga, CA 94556
For Sale
$5,500,000
Multifamily property with diverse unit mix near shopping and dining.
Property Size12,975 SF
Price / SF$423.89
Days on Market100
Property Features for 340 Rheem Blvd
General Information
- Standard status
- Active
- Size
- 12,975 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency:
THE PINZA GROUP, INC
(510) 725-4775
Listed By:
STEVEN PINZA · License #01867691
Source:
Corcoran
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 8:12AM
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This multifamily property features a mix of one-bedroom, one-bathroom, two-bedroom, one-bathroom, and three-bedroom, one-and-a-half-bathroom units spread across two addresses on Rheem Boulevard. The property offers easy management with stable, paying tenants and no city rent control. On-site amenities include coin-operated laundry, covered parking, and private patios. The location provides walking distance access to shopping, dining, and Saint Mary's College. The property has a current cap rate of 6.14% and a current GRM of 11.8. The property size is 12975 square feet.
Key Highlights
- Great Unit Mix: Featuring 1bd/1bth, 2bd/1bth, and 3bd/1.5bth units.
- No City Rent Control: Enjoy flexibility in rental management.
- Stable Paying Tenants: Provides immediate income and reduces vacancy concerns.
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 | $393.9k | $30.36 |
| − Vacancy | −$18.9k | −$1.46 |
| EGI | $375.0k | $28.90 |
| − OpEx | −$168.8k | −$13.01 |
| NOI | $206.3k | $15.90 |
12,975 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.95M
$2.58M – $3.44M
NOI $206,257 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $343,319 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multifamily property with diverse unit mix near shopping and dining.
Where is this apartment building located?
The property is located at 340 Rheem Blvd Moraga, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Great Unit Mix: Featuring 1bd/1bth, 2bd/1bth, and 3bd/1.5bth units.; No City Rent Control: Enjoy flexibility in rental management.; Stable Paying Tenants: Provides immediate income and reduces vacancy concerns.
