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Jason Parr
Senior Managing Director
415 407 2106
jason.parr@berkadia.com
CA DRE #01323188
SCOTT MACDONALD
Managing Director
415 310 0487 scott.macdonald@berkadia.com CA DRE # 01422005
John Hansen
Director
415 342 5772 john.hansen@berkadia.com CA DRE #02078357
Brayden Joel
Senior Financial Analyst
503 933 9284
brayden.joel@berkadia.com
CA DRE #02204506
Sydney Ladrech
Associate
916 677 6633
sydney.ladrech@berkadia.com CA DRE #02126658
Clay Akiwenzie
Managing Director
775 447 0595
clay.akiwenzie@berkadia.com
CA DRE #01908942
Hank Workman
Associate Director
415 646 7713
hank.workman@berkadia.com
CA DRE #02099264
KAOHU BERG-HEE
Senior Director 808 754 0033 kberghee@berkadia.com CA DRE #01986886
BRETT BETZLER
Senior Managing Director 949 981 1196 brett.betzler@berkadia.com CA DRE #01330214
Core SF Bay Area Demographics with a Superior Growth Proposition
Mountain House: The Bay Area’s Top Value Proposition
One-of-One Multifamily Community in an Unrivaled Microlocation
INVESTMENT HIGHLIGHTS
With ±$173,000 median household incomes and 51% college attainment rates, Mountain House is comprised of a highly affluent and educated resident base that mirrors the demographic composition of the Tri-Valley and the greater core San Francisco Bay Area.
Mountain House’s excellent quality of life and value proposition has enabled Aviara to attract a highly sophisticated tenant profile largely employed in the healthcare and technology industries, while fueling the city’s 25% population growth and ±70% home price growth over the past five years.
By 2029, median household incomes in Mountain House are projected to grow to ±$210,000 annually and the local population is projected to increase by an additional ±36%.
Situated adjacent to the city’s town center and within one of Mountain House’s most well-established and highest-priced neighborhoods, Aviara’s location provides a curated, high-end suburban lifestyle and walkability to the city’s primary retail center, Central Community Park, weekly farmers market, and public library.
Aviara delivers spacious luxury residences averaging 1,000 square feet, complete with upscale features such as quartz countertops, subway tile backsplashes, front-loading washers and dryers, and more, in addition to a complete amenity package including a resort-style pool and spa, expansive clubhouse, game room, fitness center with private yoga room, and access to miles of trails and protected open space.
Occupying the only +10-acre site zoned for high-density residential development north of Grant Line Road, Aviara is truly a one-of-one investment opportunity insulated from direct future competition and located within the city’s most desirable neighborhood.
Master planned to deliver a charming small-town feel, Mountain House has 12 distinct villages centered around their own five-acre parks, A+ rated public schools, weekly farmers markets, and numerous community-engaging events including a summer concert series and movies under the stars.
Aviara’s residents are within a 30-minute commute to the Tri-Valley’s world-class employers including 10x Genomics, Lam Research, Oracle, Workday, Lawrence Livermore National Laboratory, Stanford Healthcare, ThermoFisher, and Roche, and a 50-minute drive from the world-renowned tech ecosystem in Fremont/Silicon Valley, while benefitting from a ±$350-$900 monthly rent discount to newly constructed communities in Dublin, Pleasanton, and Livermore.
As the top value proposition for Bay Area living, Aviara affords residents in the state’s newest city with access to exceptional public schools, proximity to employment centers, luxurious unit interiors, and a full suite of modern amenities at a ±60% monthly discount to median homeownership costs in Mountain House, and a ±40% average monthly discount to homeownership in Tracy, Lathrop, and Manteca.
The Opportunity
Berkadia is pleased to exclusively present Aviara at Mountain House (“Aviara” or the “Property”), a brand-new 304-unit garden-style community strategically connected to the Bay Area’s thriving Tri-Valley region. With a median household income of ±$173,000 and top-rated public schools, Mountain House provides a rare combination of affluent suburban living and outsized upside potential, including 22% income growth and 36% population growth projected over the next five years. As the city’s only conventional multifamily property with no sites available for comparable new development, Aviara is strategically positioned to capture the area’s increasing demand by providing luxury residences at a 60% discount to local monthly homeownership costs. The Property’s compelling value proposition has translated into ±15% average effective rent increases on T-30 trade outs. Exceptional operational momentum, coupled with the Property’s unique standing within a fast-growing and high-income location, positions Aviara as a highly attractive and one-of-one multifamily investment opportunity.
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THE HIGHLANDS
To be determined by market To be determined Free & clear of existing financing 559 E Arnaudo Blvd, Mountain House, CA 95391 San Joaquin 2024 15.2 662,112 304 1,000 303,872 $2,644 $2.65
Price Bid Deadline Terms of Sale Address County Year Completed Site Size - Acres Site Size - SF Total Residential Units Average Unit SF Net Rentable SF Average In-Place Rent Average In-Place Rent/SF
INVESTMENT SUMMARY
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MATT MCCRUM
Senior Financial Analyst 415 272 2924 matt.mccrum@berkadia.com CA DRE #02143464
© 2025 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Core SF Bay Area Demographics with a Superior Growth Proposition
With ±$173,000 median household incomes and 51% college attainment rates, Mountain House is comprised of a highly affluent and educated resident base that mirrors the demographic composition of the Tri-Valley and the greater core San Francisco Bay Area.
Mountain House’s excellent quality of life and value proposition has enabled Aviara to attract a highly sophisticated tenant profile largely employed in the healthcare and technology industries, while fueling the city’s 25% population growth and ±70% home price growth over the past five years.
By 2029, median household incomes in Mountain House are projected to grow to ±$210,000 annually and the local population is projected to increase by an additional ±36%.
Mountain House: The Bay Area’s Top Value Proposition
Master planned to deliver a charming small-town feel, Mountain House has 12 distinct villages centered around their own five-acre parks, A+ rated public schools, weekly farmers markets, and numerous community-engaging events including a summer concert series and movies under the stars.
Aviara’s residents are within a 30-minute commute to the Tri-Valley’s world-class employers including 10x Genomics, Lam Research, Oracle, Workday, Lawrence Livermore National Laboratory, Stanford Healthcare, ThermoFisher, and Roche, and a 50-minute drive from the world-renowned tech ecosystem in Fremont/Silicon Valley, while benefitting from a ±$350-$900 monthly rent discount to newly constructed communities in Dublin, Pleasanton, and Livermore.
As the top value proposition for Bay Area living, Aviara affords residents in the state’s newest city with access to exceptional public schools, proximity to employment centers, luxurious unit interiors, and a full suite of modern amenities at a ±60% monthly discount to median homeownership costs in Mountain House, and a ±40% average monthly discount to homeownership in Tracy, Lathrop, and Manteca.
One-of-One Multifamily Community in an Unrivaled Microlocation
Situated adjacent to the city’s town center and within one of Mountain House’s most well-established and highest-priced neighborhoods, Aviara’s location provides a curated, high-end suburban lifestyle and walkability to the city’s primary retail center, Central Community Park, weekly farmers market, and public library.
Aviara delivers spacious luxury residences averaging 1,000 square feet, complete with upscale features such as quartz countertops, subway tile backsplashes, front-loading washers and dryers, and more, in addition to a complete amenity package including a resort-style pool and spa, expansive clubhouse, game room, fitness center with private yoga room, and access to miles of trails and protected open space.
Occupying the only +10-acre site zoned for high-density residential development north of Grant Line Road, Aviara is truly a one-of-one investment opportunity insulated from direct future competition and located within the city’s most desirable neighborhood.
Brand New Luxury Garden-Style Community with Strong Leasing Momentum & Rent Runway
Aviara at Mountain House is a brand new luxury multifamily community that has demonstrated exceptional momentum throughout its lease-up, achieving effective rent increases of ±18% on renewals and ±11% on new lease trade outs over the trailing 60 days.
Located at the heart of one of California’s fastest-growing cities, Aviara is a remarkably low-risk investment with stabilized occupancy, zero concessions since March 2025, and the opportunity to capitalize on ±$160 per unit in existing loss-to-lease.
Representing ±100% of Mountain House’s conventional multifamily inventory with no future supply on the horizon and 17% rent growth through 2029, Aviara is poised to benefit from outsized growth as the city’s rapidly expanding population adds a projected +2,000 new residents annually over the next five years.
One-of-One Multifamily Community in an Unrivaled Microlocation
Mountain House: The Bay Area’s Top Value Proposition
Core SF Bay Area Demographics with a Superior Growth Proposition
With ±$173,000 median household incomes and 51% college attainment rates, Mountain House is comprised of a highly affluent and educated resident base that mirrors the demographic composition of the Tri-Valley and the greater core San Francisco Bay Area.
Mountain House’s excellent quality of life and value proposition has enabled Aviara to attract a highly sophisticated tenant profile largely employed in the healthcare and technology industries, while fueling the city’s 25% population growth and ±70% home price growth over the past five years.
By 2029, median household incomes in Mountain House are projected to grow to ±$210,000 annually and the local population is projected to increase by an additional ±36%.
Master planned to deliver a charming small-town feel, Mountain House has 12 distinct villages centered around their own five-acre parks, A+ rated public schools, weekly farmers markets, and numerous community-engaging events including a summer concert series and movies under the stars.
Aviara’s residents are within a 30-minute commute to the Tri-Valley’s world-class employers including 10x Genomics, Lam Research, Oracle, Workday, Lawrence Livermore National Laboratory, Stanford Healthcare, ThermoFisher, and Roche, and a 50-minute drive from the world-renowned tech ecosystem in Fremont/Silicon Valley, while benefitting from a ±$350-$900 monthly rent discount to newly constructed communities in Dublin, Pleasanton, and Livermore.
As the top value proposition for Bay Area living, Aviara affords residents in the state’s newest city with access to exceptional public schools, proximity to employment centers, luxurious unit interiors, and a full suite of modern amenities at a ±60% monthly discount to median homeownership costs in Mountain House, and a ±40% average monthly discount to homeownership in Tracy, Lathrop, and Manteca.
Situated adjacent to the city’s town center and within one of Mountain House’s most well-established and highest-priced neighborhoods, Aviara’s location provides a curated, high-end suburban lifestyle and walkability to the city’s primary retail center, Central Community Park, weekly farmers market, and public library.
Aviara delivers spacious luxury residences averaging 1,000 square feet, complete with upscale features such as quartz countertops, subway tile backsplashes, front-loading washers and dryers, and more, in addition to a complete amenity package including a resort-style pool and spa, expansive clubhouse, game room, fitness center with private yoga room, and access to miles of trails and protected open space.
Occupying the only +10-acre site zoned for high-density residential development north of Grant Line Road, Aviara is truly a one-of-one investment opportunity insulated from direct future competition and located within the city’s most desirable neighborhood.
INVESTMENT HIGHLIGHTS
