Moraga, CA | 6 Value-Add Units 2038 Ascot Dr Immeuble residentiel 6 lots 2 188 825 € (364 804 €/Lot) Taux de capitalisation 5,86 % Moraga, CA 94556

The Cushman & Wakefield Northern California Multifamily Capital Markets Team is pleased to offer for sale, 2036-2038 Ascot Drive. 
This offering presents a rare opportunity to acquire a six-unit value-add multifamily investment property in the highly desirable Town of Moraga, CA. 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.
The property will be delivered with four vacant units, providing immediate upside potential for an investor to complete interior upgrades and lease the units at top-of-market rents. In addition, the large unit mix — including a spacious 3-bedroom, 2.5-bath residence — offers strong appeal to owner/occupiers and family renters seeking more living space. The Property also features a community pool, ample assigned parking, a large storage closet for each unit, and an on-site, coin-operated laundry facility. With no local rent control ordinance in Moraga, investors benefit from greater flexibility to reposition and optimize rents subject to statewide limits.
Further enhancing the opportunity is the potential for condominium conversion, supported by strong area condo pricing with 3-bedroom units averaging over $1.09 million and 2-bedroom units averaging nearly $867,000 since mid-2024. The property may also support Accessory Dwelling Unit (ADU) additions, increasing the overall unit count and revenue potential. Moreover, Moraga’s multifamily pipeline remains extremely constrained, with no projects currently under construction and only two projects totaling 189 units in the entitlement process, ensuring limited future competition. 
Ideally located just steps from Moraga Road, the property offers convenient access to shopping centers, local amenities, and major Bay Area employment hubs via Highway 24 and nearby BART connections. This combination of a supply-constrained market, high-income demographics, excellent schools, and multiple value-add strategies makes this an outstanding investment opportunity in one of the East Bay’s most desirable suburban communities.