Ethan Berger

Benicia, CA 94510

Berger & Associates is pleased to announce the successful sale of 1112 E 6th Street, Benicia. The property stands out with its distinctive unit mix of large 2 & 3 bedroom units, offering a unique value add opportunity in a sought-after location. At the time of sale, many of the units were vacant, presenting an opportunity for immediate improvement. Our client is poised to undertake a comprehensive renovation program to reposition the property and add value.

Vallejo, CA 94590

Team Chappell in cooperation with Berger and Associates are pleased to announce the sale of 341 Georgia St , a pride of ownership building located in the Vallejo city center, showcasing a blend of modern upgrades and preserved Victorian charm. All residential units, 8 in total, and one of the two commercial units have been fully renovated to contemporary standards. These renovated units boast high ceilings, stainless steel appliances, including microwaves and dishwashers, new kitchen cabinetry with countertops, vinyl plank flooring, updated bathrooms, and modern lighting fixtures. Despite these updates, the building still retains its original and beautifully designed Victorian features such as picture rail moldings, built-in bedroom cabinets, large bay windows, and exposed brick walls, adding a unique character and appeal. The strategic improvements made to the property, coupled with its prime location, have enabled the current owner to command rents close to market rates for the area. Additionally, there are opportunities for the new owner to increase revenue by leasing the currently vacant retail and storage spaces, further enhancing the building's performance.

Richmond, CA 94804

Berger & Associates of NAI Northern California is pleased to announce the sale of 733 Maine Ave. in Richmond, CA. The property consists of three 2-bed, 1-bath units, each with an individual garage. The units are individually metered for PG&E. This property resides in a prime Bay Area location, with Richmond being a highly sought after city to live in boasting a total population of 114,300. The ever increasing desire for people to live here consistently drives up rent prices, making this a perfect long or short term hold opportunity for investors. 733 Maine Ave. is uniquely nestled between major points of interest such as the Richmond Ferry Terminal, Kennedy High School, Multiple BART Stations, Costco, Point Isabel, Safeway, Target, and other major retailers and local restaurants.

Vallejo, CA 94589

27 Panorama offers a rare investment opportunity in central Vallejo, completely rebuilt in 2022 after a fire and meticulously upgraded to modern standards. This property boasts like-new condition, featuring updated units with amenities rarely found in smaller properties. Each unit has been thoughtfully enhanced with new windows, doors, vinyl plank flooring, and in-unit full-sized washer/dryers. The kitchens are equipped with new cabinetry, countertops, and a 5-piece stainless steel appliance package. Bathrooms have been refurbished with new fixtures, flooring, vanity and shower tub combo. Additionally, new sub-panels were added and new air condensers for the forced air HVAC system ensure efficiency and comfort. Managed by professionals, the property achieves high income potential while minimizing operating costs, making it a turnkey investment opportunity.

Vallejo, CA 94591

Team Chappell in cooperation with Berger and Associates is please to announce the sale of Villa del Sol Apartments. Built in 1977, the property consists of 11 units spread over four, 2-story buildings with a desirable unit mix of (9) two bedroom, 1 bath units and (2) one bedroom, 1 bath units. Several units have been tastefully upgraded with new carpets, window coverings, appliances, and paint. The units are separately metered for gas and electricity, with the tenants responsible for their own unit utilities. The property features an onsite laundry room with 11 garaged parking spaces and an additional 11 open air parking spaces. This is a rare opportunity to own a well maintained multifamily property in a heavily supply constrained market.

Concord, CA 94520

Berger & Associates of NAI Northern California is please to offer 1880 Robin Ln. This opportunity features many of the key elements of income producing property most sought after by investors; excellent physical condition, favorable unit mix, limited operational expenses, solid in place income with immediate income growth potential, and high demand location offering excellent access to transportation, employment, shopping, dining, and entertainment. The property consists of a total of 8 units, six 2-bedroom 1-bathroom and two 1-bedroom 1-bathroom units fully occupied at near market rents. The ownership has been diligent in their maintenance and updates to the property replacing all of the windows with dual pane vinyl windows, all of the flooring in the units with either tile or vinyl, all of the wall furnaces and recently replacing the water heater. All units feature gas oven/range, refrigerator/freezer, gas wall furnace, wall AC units, hard surface flooring, shower tub combo and come with 1 assigned parking space. Additionally select units have been updated with shaker wood kitchen cabinetry, new appliances, and feature either enclosed patio or balcony and all residents have access to the coin operated laundry facilities.

Vallejo, CA 94590

552 Wilson Avenue boasts beautiful water and city views, Mare Island, and is walking distance to the marina with the ferry terminal to San Francisco. Additionally, the residents enjoy proximity to a diverse range of grocers, restaurants, parks, and public services within walking distance. 552 Wilson is located about one mile northwest of the heart of Vallejo in Vallejo Heights. The peaceful neighborhood boasts rich diversity and unmatched views of the Napa River. Locals are drawn to the neighborhood’s natural beauty, scenic views, and tranquil environment. Vallejo Heights has many parks for residents to enjoy, such as Terrace Park, Sheveland Park, and River Park. Tenants are just a brief drive from local attractions, including Mare Island Naval Shipyard, Six Flags Discovery Kingdom, Napa Wine Country, and San Francisco.

Concord, CA 94520

Berger & Associates is proud to have been selected as the exclusive listing agent for 1642 Clayton Rd. The property is one of the best located small multifamily properties in the city of Concord and offers investors the chance to own a quality asset in a fantastic location with the potential to realize rental upside of 25%+ over current in-place rents. The property consists of 1 building housing a total of 8 units, 4 upstairs and 4 downstairs and features ideal unit mix of seven 2 bedroom 1 bath units and one 1 bedroom 1 bath unit. Each unit features 5 piece appliance package including gas oven/range, microwave hood, dishwasher, fridge/freezer, wall A/C unit, gas wall furnace for heat, dual pane windows, and 1 assigned parking stall per unit. Additional revenue is generated by leasing unassigned parking stalls and the coin-operated on-site laundry machines. Limited landscaping and the simplistic structure require very littlie maintenance reducing owner operating costs.

Concord, CA 94521

Berger & Associates multifamily team are pleased to present the Clayton West Apartments, a well located, 16 unit, value add opportunity in the city of Concord. The property boasts all 2 bedroom 1 bath units with significant upside in the rents, 13 enclosed individual garages, 3 covered parking stalls, on-site laundry facilities, management office and pool. All of the units include either balcony or outdoor patio area, gas wall heaters, wall AC units, all electric kitchens, and are individually metered for PG&E.

Vallejo, CA 94590

Berger & Associates of NAI Northern California is pleased to present the sale of 412 Wilson Avenue in Vallejo, CA. The large fourplex property consists of four 2-bedroom units in Vallejo. 412 Wilson boasts prime waterfront location with views of Mare Island and the bridge. Completely renovated.

Vallejo, CA 94590

Berger & Associates of NAI Northern California is pleased to present the sale of 236-242 Ohio Street in Vallejo, CA. The fourplex property consists of an ideal four 2-bedroom, 1-bathroom unit mix in downtown Vallejo. This is a perfect opportunity for new or experienced investors to obtain a cash-flowing multifamily asset with room to add value. The building comes with recently renovated units, a large yard that provides space for an ADU (to be verified by Buyer), space to add additional income from laundry facilities, and is in one of the most attractive locations in Vallejo.

Concord, CA 94520

Berger & Associates of NAI Northern California is proud to announce our latest closing, 1660 Haller Ct, Concord. During our three week marketing period, we generated multiple offers yielding the Seller nearly a 10% premium over other properties sold in the immediate area. The property consists of twelve 2-bedroom, 1-bath units, each individually metered for gas & electric. Each unit features wall A/C, gas wall furnace, gas range/oven, wood pattern flooring in living & bedroom areas, tile flooring in the kitchens & baths, dual pane vinyl windows, one covered assigned parking stall, and a storage closet.

Vallejo, CA 94590

Berger & Associates of NAI Northern California is proud to have been selected as the exclusive representative of The Grove, located at 560 Winchester St, Vallejo. The Grove features twelve large 2-bedroom 1 bath units each 840 square feet all of which were extensively remodeled by the current ownership. The units are equipped with new appliances, including full sized washer and dryer, new shaker cabinetry, granite countertops, shower/tub surrounds, vanities, plumbing and light fixtures, vinyl plank flooring, and fresh paint. All of the units also include 1 covered assigned parking stall, enclosed private patio or balcony and storage closet.

Hayward, CA 94544

Ethan Berger & Associates of NAI Northern California are pleased to present 251 W Harder Rd. This property offers a fantastic opportunity for first-time or experienced investors to own a well-maintained, updated asset in one of the Bay Area’s best-performing rental markets. Most units have been updated including kitchen and bathroom cabinetry, marble countertops, dishwashers, paint, new hardwood flooring, and new water heaters. The exterior has undergone new sewer, roof, and paint upgrades. The property fronts Harder Rd. and sits next to Jackson St., providing landlords with the opportunity to advertise vacancies to the 30,000 vehicles that pass by daily. Additionally, tenants enjoy access to the laundry facilities and are surrounded by national retailers, supermarkets, banks, schools, and restaurants, giving this property a Walk Score® of 77 "Very Walkable". The Hayward Bart station, Interstate 880, and the San Mateo/Hayward Bridge are under 2 miles away making commuting quick and easy for tenants. 251 W Harder Rd. is one of the most conveniently located properties as Downtown Hayward, Oakland Airport, most grocery outlets, convenience stores, and local schools are only a 5-10 minute drive. Additionally, tenants and landlords get to enjoy being right next door to the beautiful Eden Landing Ecological Reserve, Dry Creek Pioneer Regional Park, and TPC Stonebrae Country Club.

Concord , CA 94520

Berger & Associates of NAI Northern California are proud to announce their most recent closing, 1610 Frisbie Ct, Concord. The property attracted multiple offers and was closed at full list price. The building consists of six 2-bedroom, 1-bath units, each individually metered for PG&E and feature wall a/c unit, gas wall heater, private patio or balcony, assigned covered parking, and individual storage closet. Please contact us for additional details regarding this transaction and other properties we have available in Concord and surrounding areas.

San Pablo, CA 94806

Berger & Associates of NAI Northern California is pleased to present the sale of 1934-1938 Rumrill Blvd in San Pablo, CA. The property consists of eight two-bed, one-bath units. Ethan Berger of NAI Northern California represented the Buyer in this transaction.

Pittsburg, CA 94565

Located in a dynamic setting on Loveridge Road, just south of the California Delta Highway, the primary east-west thoroughfares for the northern East Bay region, Portofino is situated on 6.11 acres with eleven two-story garden-style apartment buildings including one attached office/clubhouse. Constructed in 1986, the Property features three floorplans of one-, two-, and three- bedroom residential units that average 807 square feet and include numerous amenities such as a kitchen appliance package, washer and dryer connections, and walk-in closets. Portofino also offers numerous community amenities for its residents that are highly competitive in the marketplace, such as a swimming pool, dog park, fitness center, playground, covered parking and select private garage parking.

San Pablo, CA 94806

Berger & Associates of NAI Northern California is pleased to present the exclusive opportunity to purchase a true value add investment property with 100%+ potential upside. 2100 Pine Ave consists of six 2-bedroom, 1-bathroom units and is located in the heart of the city of San Pablo. All units are individually metered for PG&E and feature assigned parking stall, steel entry doors, dual pane vinyl windows, electric oven/range, refrigerator, gas wall furnace, tiled kitchen, dining area, bathroom, and hallway with wall to wall carpeting in the bedrooms and living areas. Tenants also enjoy access to an on-site coin-operated laundry facility, generating additional income, which also houses the central water heater for the property. Current rents are, on average, $1,000+ per month under market. By increasing in-place rents to market value, a new owner would increase revenue by $72,000+ annually.

Antioch, CA 94509

Garrett Blair of Berger & Associates is pleased to announce the latest sale of 205 W 5th St, a prime value-add fourplex in Antioch, CA. NAI Northern California represented the Buyer in this off-market transaction as the upleg to their 1031 exchange. This sale doubled the Buyer's unit count and allowed them to expand their portfolio.

Pittsburg, CA 94565

Garrett Blair of Berger & Associates at NAI Northern California is pleased to present the recent sale of 639 Carpino Ave in Pittsburg, CA. This was an off-market sale and part of a downleg for a client's 1031 exchange. NAI Northern California represented both the Buyer and Seller and helped the Seller double their unit count while delivering a high-cash flow property to the Buyer. The property consists of one 2-bed 1-bath unit and one 3-bed 2-bath unit. Each unit had rents near market rate, and the tenants pay for all utilities allowing for maximum net income and minimal landlord responsibility for the new owner.

Concord, CA 94521

Berger & Associates of NAI Northern California is pleased to have been selected as the exclusive listing agent for 4462 Clayton Rd. This property offers a fantastic opportunity for first-time or experienced investors to own a well-maintained, updated asset in one of the Bay Area’s best-performing rental markets. All of the units have been updated with dual-pane vinyl windows, kitchen and bathroom cabinetry, gas ranges, microwave hoods, and new countertops and flooring throughout. The property fronts Clayton Road, providing landlords with the opportunity to advertise vacancies to the 33,500 vehicles that pass by daily. Additionally, tenants enjoy access to the on-site coin-operated laundry facilities and are surrounded by national retailers, supermarkets, banks, and restaurants. The Concord BART station and downtown Concord are only 5-7 minutes away.

Pittsburg, CA 94565

Berger & Associates of NAI Northern California is proud to have been selected as the exclusive listing agent for 109 Alturas Ave in Pittsburg. 109 Alturas Ave has been meticulously maintained and updated over the past six years of the current ownership. The building features a mix of two 2-bedroom, 1-bathroom units, one 1-bedroom + den, 1-bathroom unit, and one 1-bedroom, 1-bathroom unit. All units have been updated with new kitchens that are individually metered for PG&E, including an enclosed outdoor patio area, individual water heater, dual pane vinyl windows, and newer flooring. Current rents are 23% below the market average, promising solid future revenue growth while still providing solid cash flow day one of ownership for investors.

Concord, CA 94520

Berger & Associates of NAI Northern California is proud to have been selected as the exclusive listing agent for 1641 Frisbie Ct in Concord, CA. Built in 1961, this eight-unit property has an ideal unit mix of four 2-bed, 1-bath units and four 1-bed, 1-bath units, all of which have been updated by the current ownership with hard surface flooring, countertops, and fixtures. The property has been well-maintained and professionally managed, providing investors the opportunity to purchase a quality, performing asset, priced favorably to comparable properties in the area.

Vallejo, CA 94590

Berger & Associates of NAI Northern California is pleased to present the sale of 231 Tennessee Street in Vallejo, CA. The fourplex property consists of one 3-bedroom unit, one 2-bedroom unit, and two 1-bedroom units in downtown Vallejo. Within a week of marketing the property, multiple offers above the asking price were procured, and the Seller performed a 1031 exchange.

Vallejo, CA 94590

Berger Associates of NAI Northern California welcomes the sale of 411 Benicia Road in Vallejo, CA. The property consists of three units on a large parcel with parking and yards. The unit mix is ideal, with one each of 1-bedroom, 2-bedroom, and 3-bedroom apartments. The current ownership made upgrades and renovations to the interior and exterior of each unit, and the electrical and copper plumbing was updated in most of the property in 2005. All windows have been upgraded to dual pane.

El Sobrante, CA 94803

4474 Appian Way is a recently updated, two-story 24-unit multifamily property located in the residential area of El Sobrante. A short distance from San Pablo Dam Road, each unit is quiet with sun-filled rooms. Recent updates include new paint, countertops, appliances, lighting, hardwood floors, and laundry facility on-site.

San Pablo, CA 94806

Berger Associates of NAI Northern California is pleased to announce the sale of 1321 Mission Avenue in San Pablo, CA. The duplex represents a value-add property with significantly below-market rents consisting of two 2-bedroom, 1-bathroom units with an on-site laundry facility. Within days of marketing the property, multiple offers were collected, and the property sold for $50,000 over the listed price.

Pleasant Hill, CA 94523

Berger Associates is proud to announce our first closing of 2021: 135 Shadow Mountain Court. Our team represented the buyer in the transaction. We were able to craft an offer that ensured that our buyer would be awarded the property, but at a reasonable price based on the in-place income, and one that accounted for the needed capital improvements to capture the upside.

Antioch, CA 94509

Berger Associates of NAI Northern California is pleased to present the closing of this prime value-add fourplex in the heart of Antioch, CA. The property consists of four 2-bedroom, 1-bathroom apartments and a laundry room space. Garrett Blair represented both the buyers and sellers of this property, selling for above the listing price without taking it to the market.

Benicia, CA 94510

NAI Northern California is proud to present the exclusive investment opportunity of 457 E N St. The property represents a rare opportunity to invest in the Benicia multifamily market. The property consists of five large, vacant 1-bedroom, 1-bathroom units and one studio unit. Each unit has been meticulously updated, including new flooring, windows, kitchen countertops and cabinetry, bathroom vanities, and appliances.

Benicia, CA 94510

Berger Associates is proud to have been selected as the exclusive representation of 1061-1073 West L Street in Benicia, CA. The property represents a very rare opportunity to invest in the Benicia multifamily market, and it consists of two separate duplex structures for a total of four 2-bedroom, 1.5-bathroom units. Limited landscaping; individual metering of gas and electric for all the units; and no required on-site management keep operating expenses minimal. Current rents are on average $600 below estimated market rents, providing over 40% rental upside for the new owner.

Walnut Creek, CA 94597

Berger Associates of NAI Northern California, chosen as the exclusive advisors, are pleased to present the opportunity to acquire 2702 Jones Road in Walnut Creek, a six-unit apartment building in one of the most desirable markets in the Bay Area. Built in 1970 and renovated with new kitchens, bathrooms, and flooring over the past few years, the property boasts an ideal unit mix: one 3-bedroom, 2-bathroom unit; two 2-bedroom, 2-bathroom units; two 2-bedroom, 1-bathroom units; and one 1-bedroom, 1-bathroom unit. All of the units are spacious and very well appointed and feature wood-burning fireplaces; enclosed outdoor spaces or balconies; forced-air HVAC; dual-pane windows and sliders; granite countertops; raised-panel kitchen cabinets; dishwashers; tiled kitchen and bathroom floors; laminate wood flooring in the living spaces; and carpeted bedrooms and are individually metered for gas and electricity. The building is set on a 15,000 square foot lot with mature landscaping, nine covered parking stalls, an onsite laundry room, and a storage shed for use by the owner.

Antioch, CA 94509

311 West 19th Street represents a fantastic investment opportunity in a prime location of Antioch, CA at a low price point. The property consists of a 1-bedroom, 1-bathroom house in the front and a 3-bedroom, 1-bathroom house in the rear. Additionally, each tenant enjoys their own garage space and pays all for all utilities, keeping operating costs low. Upon close of escrow, one house was delivered vacant, allowing for a sizable increase in cashflow upon lease-up for the new investor.

Fairfield, CA 94534

Berger Associates is proud to have been selected as the exclusive representative of the "Vines On 80" multifamily property located at 3950 Business Center Drive in Fairfield, CA. Vines On 80 represents an extremely rare opportunity to invest in a luxury multifamily property constructed in 2017. This complex consists of 63 apartments with a mix of 13 3-bedroom, 2-bathroom units; 40 2-bedroom, 2-bathroom units; and 10 1-bedroom, 1-bathroom units. Vines on 80 houses today's current standard amenities such as in-unit laundry, a business center, a playground, an indoor gym, air conditioning, and ample off-street parking, to name a few. The property is currently 100% occupied.

Vallejo, CA 94590

121 Lincoln Road W presents an excellent opportunity for an investor to acquire a high-cash-flow asset with seller-carry financing. The property consists of a mix of three studio units, five 1-bedroom, 1-bathroom units, and three 2-bedroom, 1-bathroom units. Additionally, there is a coin-op laundry facility on site that can be conveniently reinstalled. The owner pays all utilities.

San Pablo, CA 94806

Berger Associates of NAI Northern California is pleased to present our latest closing at 1994 22nd Street in San Pablo, CA. This six-unit multifamily property contains all 2-bedroom, 1-bathroom units and updated interiors.

San Pablo, CA 94806

Berger Associates of NAI Northern California are pleased to present our latest closing at 1872 14th Street in San Pablo, CA. The property contains a desirable unit mix of 2-bedroom, 1-bathroom and 3-bedroom, 1-bathroom units with near-market rents.

Modesto, CA 95355

Berger Mandel Associates of NAI Northern California is proud to announce the sale of the Ensenada Drive Apartments at 1304 and 1308 Ensenada Drive, Modesto. The apartment building consists of 12 units, all 2-bedroom, 1-bathrooms. Despite challenging property conditions, uncooperative tenants, failed escrows, and a pandemic, our team member Cole Byrd was able to persevere and get the property sold while creating a competitive environment.

Antioch, CA 94509

This fourplex in the heart of Antioch, CA, is a fantastic opportunity for any investor. This is a fully turnkey asset just blocks from schools, churches, and ample retail, directly across the street from the Antioch City Park and less than 10 minutes from the Antioch BART station. The property consists of four 1-bedroom, 1-bathroom cottage-style apartments, each approximately 500 square feet, situated on a large 7,300 square foot lot. Fully renovated in 2006, each unit features well-kept sinks, toilets, flooring, and appliances, in addition to newer countertops, carpet, and vinyl flooring. These units have wall-mounted gas heating and A/C units, with two recently replaced water heaters, and each unit is individually metered for PG&E.

Pittsburg, CA 94565

Berger & Associates are proud to announce the Sale of the Magnolia Square Apartments, an 8 unit multifamily property located at 193 Ramona St, Pittsburg. The Berger & Associates team of Ethan Berger and Marco McMullen represented the Seller in the transaction, which closed at the listed price of $2.1M. The Magnolia square represented the opportunity for investors to purchase a property consisting of two- and three-bedroom units that had been tastefully updated by the Seller. The façade of the property has been completely transformed with a fresh paint scheme, new signage, modern wood accents, and new landscaping, creating fantastic curb appeal resulting in solid market-rate rents.

Kensington, CA 94530

Berger Associates of NAI Northern California is proud to announce the closing of 367-371 Colusa Ave in Kensington, CA. The property has strong intrinsic value, a prime location near Solano Ave and the El Cerrito Plaza shopping center and BART station, a non-rent-controlled market, panoramic views of the bay, and 3 vacant units at the close of escrow. The building is primed for rehabilitation and repositioning which will allow the new owner to capture the upside, force appreciation, and enjoy a long-term, well-performing asset.

Pittsburg, CA 94565

Berger Associates of NAI Northern California is proud to announce our 3 latest multifamily closings in Contra Costa County, 2766 Argyll Ave, Concord and 38 & 62 Alturas Ave, Pittsburg. The Argyll property was well-stabilized with high rents and individually metered for both PG&E and water keeping operating expenses very low. One team member sourced the exchange Buyer from one of his other recently closed transactions. Garrett Blair was then able to help the Sellers of 2766 Argyll Ave to source two off-market properties in Pittsburg at 38 and 62 Alturas Ave to complete their exchange. These transactions presented a number of challenges. The Pittsburg properties had significant deferred maintenance, the in-place rents were severely below market, and there were problems getting the appraisal and loan approved. However, the property provided significant upside potential for the Buyers who plan to renovate and turn over the units. With perseverance, Garrett was able to convince the Owner to sell, discount the price during escrow for deferred maintenance issues uncovered during inspections, and close almost a month early to allow the Buyers to fulfill their 1031 exchange and begin working on the value-add project. The Buyers were able to realize a significant gain, double their unit count, trade into property closer to home, and set them up for increased income.

Pittsburg, CA 94565

Berger Associates of NAI Northern California is proud to announce our 3 latest multifamily closings in Contra Costa County, 2766 Argyll Ave, Concord and 38 & 62 Alturas Ave, Pittsburg. The Argyll property was well-stabilized with high rents and individually metered for both PG&E and water keeping operating expenses very low. One team member sourced the exchange Buyer from one of his other recently closed transactions. Garrett Blair was then able to help the Sellers of 2766 Argyll Ave to source two off-market properties in Pittsburg at 38 and 62 Alturas Ave to complete their exchange. These transactions presented a number of challenges. The Pittsburg properties had significant deferred maintenance, the in-place rents were severely below market, and there were problems getting the appraisal and loan approved. However, the property provided significant upside potential for the Buyers who plan to renovate and turn over the units. With perseverance, Garrett was able to convince the Owner to sell, discount the price during escrow for deferred maintenance issues uncovered during inspections, and close almost a month early to allow the Buyers to fulfill their 1031 exchange and begin working on the value-add project. The Buyers were able to realize a significant gain, double their unit count, trade into property closer to home, and set them up for increased income.

Concord, CA 94520

Berger Associates of NAI Northern California is proud to announce our 3 latest multifamily closings in Contra Costa County, 2766 Argyll Ave, Concord and 38 & 62 Alturas Ave, Pittsburg. The Argyll property was well-stabilized with high rents and individually metered for both PG&E and water keeping operating expenses very low. Ben Mandel sourced the exchange Buyer from one of his other recently closed transactions. Garrett Blair was then able to help the Sellers of 2766 Argyll Ave to source two off-market properties in Pittsburg at 38 and 62 Alturas Ave to complete their exchange. These transactions presented a number of challenges. The Pittsburg properties had significant deferred maintenance, the in-place rents were severely below market, and there were problems getting the appraisal and loan approved. However, the property provided significant upside potential for the Buyers who plan to renovate and turn over the units. With perseverance, Garrett was able to convince the Owner to sell, discount the price during escrow for deferred maintenance issues uncovered during inspections, and close almost a month early to allow the Buyers to fulfill their 1031 exchange and begin working on the value-add project. The Buyers were able to realize a significant gain, double their unit count, trade into property closer to home, and set them up for increased income. The closing of these 3 properties brings Berger Mandel Associates year to date total multifamily sales in Contra Costa County to over $46,000,000, 300% more than the next closest competing agent or brokerage for buildings 50 units and under.

Benicia, CA 94510

Berger Mandel Associates is proud to have been selected as the exclusive representation of the Benicia Heights Apartments. Benicia Heights represents a very rare opportunity to invest in the Benicia multifamily market. The property consists of three separate structures comprised of five units each for a total of twelve 2-bedroom, 1.5 bathroom apartments and three 1-bedroom, 1-bathroom units. The current ownership has consistently made upgrades to the units as they have turned over including the installation of new kitchen and bathroom cabinetry, appliance packages, paint, and flooring to 14 of the 15 units. Each 2-bedroom apartment features sweeping bay views, a balcony, a dishwasher, and a gas wall heater. All units include one covered parking space and enjoy access to the on-site coin-operated laundry facility. Limited landscaping; individual metering of gas and electric for all the 2-bedroom units; and no required on-site management keep operating expenses minimal. Current rents are on average $248 below estimated market rents, providing approximately 16% rental upside for the new owner.

Concord, CA 94520

Berger Associates of NAI Northern California is proud to announce our latest multifamily closing in Contra Costa County at 2780 Argyll Avenue, Concord. This off-market transaction allowed the buyers to fulfill their 1031 exchange requirement towards the end of the identification period, thereby doubling their unit count and income with two buildings on the same street. It also allowed the seller to pursue numerous 1031 exchange options throughout the process.

Concord, CA 94520

The NAI Northern California Multifamily team is pleased to announce our latest closing, the Clayton Pines apartments located at 1760 Pine Street in Concord. The property consists of 13 total units with a desirable mix of 12 2-bedroom, 1-bathroom units and one studio as well as 13 individual parking spaces, five guest parking stalls, and on-site laundry facilities. All of the units include balconies and central heaters and are individually metered for PG&E.

El Sobrante, CA 94803

4576 Appian consists of one (1) 1-bed 1 bath and 41 2-bed 2-bath units. 27 of the units have been turned over in the last year.

Walnut Creek, CA 94598

Berger Associates is proud to have been selected as the exclusive representation of 1976 Desert Circle, Walnut Creek. The property represents a truly turn-key opportunity perfect for first-time investors or buyers looking for a passive-management multifamily property located in a high-income area and updated to modern standards. All of the units were extensively remodeled beginning in 2018 and feature kitchens with quartz counter tops, white Shaker kitchen cabinetry, and five-piece stainless steel appliance packages; fireplaces; in-unit laundry; vinyl wood flooring; new bathroom fixtures, cabinetry, tubs, and shower enclosure tiling; forced-air HVAC; and covered parking spaces.

San Pablo, CA 94806

Berger Associates of NAI Northern California, as the exclusive listing agent, is pleased to offer 2380 Market Ave in San Pablo, CA. The property consists of eight spacious 2-bedroom, 1-bathroom units, each with assigned on-site parking. Four of the eight units have been updated with new kitchen cabinetry, counter tops, appliances, and flooring. The stucco exterior, dual-pane vinyl windows, minimal landscaping, French drain, and sump pump to divert water away from the structures mean that little exterior maintenance is required. Current rents provide strong cash flow from day one of ownership with the potential for additional upside as the units become available for rental increases and turnover.

San Pablo, CA 94806

NAI Northern California Ethan Berger Team welcomes the sale of this 4 unit multifamily property. The second one which is located in San Pablo, CA. This property contains all 2 bedroom, 1 bathroom units with partial bay views. There is major upside in this property and minimal interior deferred maintenance. Each tenant has their own storage space, tandem parking and share coin operated laundry. This property is ready for the creation of immediate upside which could stabilize over a 7.13% cap rate. NON-RENT CONROL.

Concord, CA 94520

The NAI Northern California multifamily team of Ethan Berger and Garrett Blair are proud to announce their latest closing in Concord. 1671 Haller represents the teams 5 multifamily closing in Concord over the past year, the highest volume of closings of any brokerage over the same time period. Please contact us for additional sale details and for other currently available Concord opportunities.

Concord, CA 94519

The Ethan Berger NAI Northern California Multifamily team is proud to have been chosen as the exclusive representative for the Driftwood apartments located at 1895 San Vincente Dr. Concord. The property consists of 27 total units with a desirable mix of fourteen 2 bedroom 1 bath units, eight 1 bedroom 1 bath units, and five Studios. The property is a very rare, true value-add opportunity in a NON- RENT CONTROLLED market. On average there is a loss-to lease of over $400 per unit and with a full property renovation there is annual potential upside of $200K+. Additionally investors can dramatically decrease current operating expenses by converting the master-metered PG&E to individual metering for each of the units.

Antioch, CA 94509

221 Wilbur Ave., The Delta Court Apartments, offers investors a fantastic value-add opportunity priced 30-35% less than other multifamily properties in the area. The property consists a mix of (9) studios, (8) 1 bed / 1 bath units, (9) 2 bed / 1 bath units, and (2) 3 bed / 1 bath units providing a diverse array of rental options. The Delta Court Apartments is a prime candidate for re-positioning. While the current income and expenses operate at just over a 9 GRM and a 5.8% cap rate, a new Owner can dramatically improve on those numbers by reducing costs and increasing income. One of the most significant operating costs for the property is that there a number of units that are not individually metered for PG&E. While there is sub-metering in place, it is not used by the current Owners, a new owner may alternatively opt to install individual PG&E meters for all of the units, either option should reduce the bill by 65-85% and the overall operational expenses by 4-5%. Additionally, undergoing a systematic rehabilitation and remodeling of the structures and grounds will yield rents closer to market rate and increase revenue.

Antioch, CA 94509

The NAI Multifamily team of Ethan Berger and Garrett Blair are proud to announce another Contra Costa multifamily sale. The sellers in the transaction were able to quickly trade out of an under-performing, management intensive asset with deferred maintenance into a property with no management responsibilities and increased cash flow. Utilizing seller options to extend escrow they were afforded additional time to explore numerous potential trade options before the close of escrow on their sale and the start of their official trade clock while simultaneously cutting down the gap between income streams. The buyers, a repeat client, were able to work directly with NAI and add another property to their portfolio in the area allowing them to leverage their resources and expertise in the local market to procure a property with tremendous upside potential.

Antioch, CA 94509

NAI Northern California is pleased to present the sale of 909-915 C St. The property represents a value-add, high cashflow deal in a non rent-controlled market. During escrow, the appraisal came in significantly below the contract price, however we were able to negotiate with the buyer's agent to agree to buy the property significantly over the appraised value. Additionally we were able to negotiate various addendum to the deal to help the terms and pricing line up through escrow as new challenges arose and to cooperate with the buyer's 1031 exchange.

Richmond, CA 94804

Eight Unit Multifamily Property can easily generate over $194,400 in Gross Income! Currently there are 5 vacancies and the remaining 3 units can potentially be delivered 100% vacant providing investors with the opportunity to place market rate tenants at very little up front cost. Every unit features in-unit laundry hookups, dedicated water heater, and is individually metered for all utilities (PG&E and WATER). THIS PROPERTY HAS THE POTENTIAL TO BE A SERIOUS CASH COW!!!

San Pablo, CA 94806

2394 Road 20 represents a fantastic opportunity for investors to acquire a turn key, fully renovated asset in a core Bay Area location at a 6.23% cap rate on in-place income and expenses in a NON-RENT CONTROLLED market. The property consists of fifteen large 2 bedroom/1 bath units and three 1 bedroom/1 bath units. A complete renovation of the property and all of the units was completed in 2018. Each unit features laminate-wood flooring throughout the living spaces, brand new kitchen and bathroom cabinetry, countertops, fixtures and stainless-steel appliance packages. The exterior of the property was also upgraded with new paint, outdoor design features, landscaping, sewer lateral replacement, and parking lot striping.

Richmond, CA 94805

We are proud to announce another closing in Contra Costa County which brings 2018 total multifamily sales in the county to just over $45,000,000. The property has a total of 6 units with a mix of 1 & 2 bedroom floorplans located on Nevin Ave. in Richmond. The I-80 freeway is within a two-minute drive, providing an excellent commuting option for the tenants. This transaction presented a number of challenges. The owner of the property was initially not open to selling, the in-place rents were severely below market, one unit came vacant during escrow, and there were collection issues with other units which provided significant upside potential for the Buyer but made conventional financing impossible. With perseverance, we were able to convince the Owner to sell, discount the price during escrow for deferred maintenance issues uncovered during inspections and convince him to provide all of the financing for our Buyer.

Concord, CA 94520

NAI Northern California is pleased to announce the closing of 1091 Mi Casa Court, Concord. Berger Associates was the exclusive listing agent, and the Monjid Aldiyyat Team represented the buyer. Built in 1989, the 15-unit property represents one of only a handful of small late-vintage multifamily properties located throughout central Contra Costa. The building was built to condo specifications, and the large units feature enclosed patios on the ground floor, balconies on the second floor, washer/dryer hookups, dishwashers, wall A/C units, electric baseboard heat, and 2 assigned parking stalls (one covered and one uncovered, secured by a remote-accessed gate). The building's ownership has made regular improvements to the property, installing wood vinyl and laminate flooring in 13 of the 15 units; adding new kitchen cabinetry, counter tops, and appliances throughout the majority of the units; installing security cameras; and painting the exterior in 2019. Operating expenses are minimal, as all of the units are individually metered for PG&E, there is limited landscaping to maintain, and at 15 units, on-site management is not required by the state. An outparcel building houses the water heaters and coin-operated laundry machines (three washers and three dryers), which are included in the sale.

Pittsburg, CA 94565

Located on Ramona St., this single level, side-by-side 4-unit property features all 1 BD / 1 BA units each with attached individual garages, private yards, and in-unit laundry making it perfect for any type of investor. Each unit is individually metered for all utilities, including water, and all units have their own hot water tank which keeps owner operating costs very low. The property has been very well maintained and current rents are below market, providing investors an opportunity to increase rents and improve cash flow without the impediment of rent control. The Pittsburg E-Bart station and State Highway 4 are located within a 5-minute drive of the property providing excellent commuting options for tenants.

Pleasant Hill, CA 94523

All 2 bed / 2 bath units in this rare Pleasant Hill multifamily investment opportunity.

Moraga, CA 94556

10 unit multifamily property with an excellent unit mix has been just listed for the first time on the market.

Concord , CA 94520

Off market transaction Buyer & Seller represented by Ethan Berger

Martinez, CA 94553

NAI Northern California is proud to present 1530 Willow St, a fully renovated turnkey multifamily property in the heart of Martinez. This pride of ownership property consists of 3 structures housing 8 units ranging from 3 bedrooms to studios. All units feature new plumbing and electrical systems, flooring, insulation, walls, lighting, heaters, ac units, kitchens, bathrooms, appliances, water heaters (on-demand for select units), windows and doors. The property has 4 open on-site parking stalls and 4 remote control operated, finished garage spaces, as well as on-site coin operated laundry facilities. Downtown Martinez is a short walk away providing access to retailers, restaurants and transit options including Amtrak and County Connection bus lines.

Martinez, CA 94553

Ethan Berger and the NAI Northern California multifamily team are proud to present the Somerset Apartments, a multifamily investment opportunity available for the first time ever in the heart of Contra Costa County. This is a pride of ownership property built in 1986 consists of 3 main buildings with a total of thirteen highly sought after 2 bedroom 2 bath and seventeen 2 bedroom 1 bath units. All of the spacious units feature forced air heat, enclosed outdoor space, dishwasher, disposal and covered parking stall. The property is easily accessible just off of State Highway 4 near a number of retailers, restaurants and supermarkets. Tenants enjoy property amenities that include playground, pool, on-site laundry facilitates and on-site property management.

Concord, CA 94519

Ethan Berger and the NAI Northern California multifamily team are pleased to announce their most recent Contra Costa County closing, the Chestnut Garden Apartments. This was the first time the property was ever offered for sale and through an extensive marketing campaign, we were able to generate multiple offers yielding a sale above the listed price. The Chestnut Garden Apartments is a well-maintained quality asset with strong historical performance and investment upside.

Richmond, CA 94806

This large 18-unit multifamily investment opportunity has additional upside to achieve a market cap rate in excess of 8.85%. This building consists of fifteen 2 bedroom, 1 bathroom and three 1 bedroom, 1 bathroom units with an ample surface lot and covered parking for each tenant. The owner leases the laundry and collects on average an additional $850 in revenue as well as additional income from storage units which are leased for $25 each. There is huge upside potential.

Richmond, CA 94801

2023 Chanslor Ave is a 1960's constructed multifamily building consisting of Eight 2bd/1bth units. The property has been exceptionally well-kept over the years Seven of the eight units have been completely renovated in the last 6 years with numerous recent upgrades: new roof in 2016, water heater, kitchens, bathrooms, carpet/tile, interior paint, fixtures, and appliances. Almost all the windows and sliders have been upgraded. Each unit has a locking enclosed single car garage (used for storage). Each unit is separately metered for gas and electricity.

Pittsburg, CA 94565

Berger Associates of NAI Northern California is proud to have been selected as the exclusive listing agent for El Dorado Place in Pittsburg. 177 El Dorado Drive is a well-maintained 13-unit property in one of the best locations in the city. El Dorado Place has been meticulously maintained and updated over the past 29 years of the current ownership. Recent capital improvement projects include installation of dual pane vinyl windows; resurfacing of the driveways and parking lot; installation of wrought iron fencing and hand rails; and roof and gutter replacement. The interiors of the units have been consistently updated with laminate wood flooring throughout the living areas, tile flooring in the kitchens, and resurfacing and replacement of kitchen and bathroom cabinetry. The building features a mix of one 2-bedroom, 1-bathroom unit, 11 1-bedroom, 1-bathroom units, and one studio. There are on-site coin operated laundry facilities (with washers and dryers included in the sale), individual metering of all of the units for PG&E, individual water heaters for each unit, gas wall heaters, wall A/C units, and one open assigned parking stall per unit. Attentive management has created very stable income with solid in-place rents and limited turnover. With rental increases allowed under AB 1482, new owners will be able to increase cash flow nearly 40% by 2021.

Pittsburg, CA 94565

Favorable unit mix consisting of all 2 bed / 1 bath

Concord, CA 94519

The Chestnut Apartments offers a turnkey investment in a central Concord location. The property consists of eight 1 bed / 1 bath units each individually metered for PG&E, includes either private enclosed yards or balconies, covered parking stall, individual water heater, wall air conditioner & heater, as well as on-site laundry room.

Martinez, CA 94553

NAI Northern California is proud to have been chosen as the exclusive listing agent for the Parkside Apartment Homes. This is a true pride of ownership property that has undergone extensive remodeling in an ideal setting next to a newly completed community park, a short distance from downtown and easily accessible from I 680, Bus lines and Amtrack. Every unit features front and rear access, individual water heater, laundry, wood flooring, and is individually metered for PG&E.

Richmond, CA 94803

TBD

Concord, CA 94521

Ethan Berger and the NAI Northern California multifamily team are pleased to present the Clayton West Apartments, a well located, 16 unit, value add opportunity in the city of Concord. The property boasts all 2 bedroom 1 bath units with significant upside in the rents, 13 enclosed individual garages, 3 covered parking stalls, on-site laundry facilities, management office and pool. All of the units include either balcony or outdoor patio area, gas wall heaters, wall AC units, all electric kitchens, and are individually metered for PG&E.

Concord, CA 94520

The Ethan Berger and the NAI Northern California multifamily team are pleased to present 1125 Lacey Ln & 1551 Lacey St in Concord. The property consists of two 6 unit buildings on separate APN's being sold together as a package. The property offers value add potential with significantly below market rents in a NON-RENT CONTROLLED city. In total there are four 2 bedroom 1 bath units and eight 1 bedroom 1 bath units, each with one assigned covered parking stall in a gated parking area, and on-site laundry facilities. All of the units include either balcony or outdoor patio area, gas wall heaters, wall AC units, all electric kitchens, and are individually metered for PG&E.

Concord, CA 94520

Off Market Transaction

Concord, CA 94521

Ethan Berger and the NAI Northern California multifamily team are proud to present the Woodstone apartments. The Woodstone features and ideal mix of all two bedroom one bathroom units, well located along Clayton road in Concord, a 5 minute drive from downtown and the Concord BART station. The property been well maintained and features numerous upgrades including all dual pane windows, new roof, exterior stucco, granite counter tops, laminate flooring, six panel interior doors, covered parking, on site laundry and more. The property has enjoyed a strong operating history with high historical occupancy and the current rents are below market rate providing the opportunity for the new Owner to increase rents and capture upside and additional cash flow.

Fairfield, CA 94533

The Ethan Berger and the NAI Northern California multifamily team are proud to offer a true value add 16 unit investment opportunity in the city of Fairfield. 525 Carpenter Street consists of two 8 unit buildings comprised of a total of two 2 bedroom 1 bath and fourteen 1 bedroom 1 bath units. All of the units are separately metered for gas but master metered for electricity, water and sewer. Each unit features a dedicated covered parking stall, gas wall heat, wall ac units, gas oven and range, frost free refrigerators, linoleum kitchen and bath room floors as well as wall to wall carpet in the living and bedrooms. Each building also has a community laundry room with coin operated washer and dryer units that are owned by the property and pitched asphalt shingle roofs.

El Sobrante, CA 94803

The subject property is located at 21 Leisure Ln in El Sobrante, CA. The property was built in 1967 and consist of four desirable 805-square foot two-bedroom/one-bath. The complex is situated on a large 9,147-square foot parcel and features attractive but easy to maintain landscaping.

Concord, CA 94520

Ethan Berger and the NAI Northern California multifamily team are pleased to offer a 2 property portfolio consisting of two 6-unit turn-key multifamily properties with significant rental upside. Both buildings were extensively remodeled in 2011 with updated interiors including crown molding, new kitchen appliances, new kitchen and bathroom cabinetry, counter tops, flooring, a/c and wall heaters. 1640 & 20 Frisbie Court are two-story, wood frame and stucco buildings comprised of ten 2 bedroom 1 bath and two 1 bedroom 1 bath units. All of the units are separately metered for gas and electricity and every unit comes with 2 covered parking stalls and a storage closet. Tenants also have access to the on-site coin operated laundry facility which is Owned by the property.

Hayward, CA 94541

One lot of 0.44 Acres, 19,098 sqft - flat developable lot with utilities to the curb

Martinez, CA 94553

Ethan Berger and the NAI Northern California multifamily team is pleased to offer a well-maintained multifamily investment opportunity in Martinez, California. The property totals 11 apartment units consisting of a desirable mix of 7 two bedroom one bath, 3 one bedroom one bath, and one studio unit. The units are spread between two single story, wood frame and stucco buildings constructed in 1962. Each unit is individually metered for PG&E and has its own water heater, reducing Owner operating costs; they all also feature gas wall heaters, wall ac units, electric stoves, and 2 off street private parking stalls. In addition a majority of the units include private enclosed yards, storage areas, and select units have updated cabinetry, flooring, and dishwashers. The roofs were replaced in 2015 and all tenants enjoy access to the onsite coin operated laundry facilities, which along with the rented storage garage, generate additional income for the Ownership..

Concord, CA 94520

Ethan Berger and the NAI Northern California multifamily team is pleased to offer a 8 unit multifamily investment opportunity, ideal for both first time and seasoned investors. 1854 Robin Ln is a two story, wood frame and stucco building with a tar and gravel roof, comprised of six 2 bedroom 1 bath units and two 1 bedroom 1 bath units. All of the units are separately metered for gas and electricity and feature gas wall heat, wall AC units and gas oven/range. In addition some of the units include enclosed patios or balcony's, and every unit comes with a assigned parking stall. Tenants also have access to the on-site coin operated laundry facility.

Concord, CA 94520

1636 Clayton Rd is one of the most unique multifamily properties located within Contra Costa County. The property was built in 1961, currently consists of seven 2 bedroom units, one 1 bedroom unit, with on?site laundry, individual electrical metering, The building is fully occupied.