| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 27th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1050 Jefferson St, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1050 Jefferson St, Fairfield CA Multifamily Investment
Neighborhood fundamentals point to durable renter demand, with occupancy measured at the neighborhood level trending in the top quartile nationally and a high share of renter-occupied units supporting depth of the tenant base, according to WDSuite s CRE market data.
Located in Fairfield s Inner Suburb (Vallejo metro), the property sits in a B+ rated neighborhood (rank 30 of 98), competitive among Vallejo neighborhoods. Amenity access is a clear strength: restaurants and parks both register in the upper national percentiles (restaurants ~98th, parks ~96th), and cafes/groceries also score high nationally, indicating walkable conveniences that tend to aid leasing and retention. Pharmacy options are comparatively limited, which may modestly affect convenience for some residents.
At the neighborhood level, occupancy is 95.8% (rank 51 of 98; ~76th percentile nationally), signaling broadly stable operations relative to national peers. Neighborhood-level NOI per unit also trends above average (upper-quartile nationally), reinforcing the area s income profile for stabilized assets. Median contract rent sits around the national 77th percentile, and five-year rent growth has been meaningful, which supports revenue but warrants attention to affordability and lease management.
Tenure patterns favor multifamily: the share of housing units that are renter-occupied is high (rank 3 of 98; ~97th percentile nationally). For investors, this typically points to a larger and more durable tenant pool, supporting absorption and occupancy stability through cycles.
Demographic statistics within a 3-mile radius indicate a slightly lower population than five years ago but a modest increase in household count, suggesting smaller household sizes and a gradually expanding renter pool. Looking ahead to 2028, WDSuite s projections show population growth (~7.8%) and a notable increase in households (~34.3%), which, if realized, would expand the addressable renter base and support occupancy and leasing velocity. Forecast median contract rent growth is also firm in this radius, implying continued pricing power if management maintains product quality and unit mix alignment.
Home values in the neighborhood sit near the 80th national percentile and the value-to-income ratio is high (~92nd percentile), indicating a high-cost ownership market. For multifamily investors, this dynamic tends to sustain renter reliance on apartments and can support lease retention and pricing power, particularly for well-managed, well-located assets.
Vintage context: built in 1976, the property is materially newer than the neighborhood s average construction year (1954). This positioning can provide a competitive edge versus older stock, though investors should still plan for ongoing system upgrades and targeted renovations to protect occupancy and rents over the hold period.
Safety trends should be assessed with care. Compared with neighborhoods nationwide, this area indexes below average for safety overall (crime measures around the 39th national percentile). Property crime sits low in national percentile terms and violent crime is also below national averages. That said, recent year-over-year trends show improvement, with double-digit percentage declines reported in both property and violent incidents, which is a constructive directional signal. These are neighborhood-level indicators and may vary by block; risk management and security enhancements can help support resident retention.
Regional employment anchors within commuting distance support renter demand and retention, particularly for workforce housing. Notable employers include Clorox, Chevron, International Paper, Xerox State Healthcare, and Salesforce 4 all reachable by regional highways and rail, which underpin a diversified white-collar and industrial employment base.
- Clorox corporate offices (33.5 miles) HQ
- Chevron corporate offices (34.4 miles) HQ
- International Paper corporate offices (34.8 miles)
- Xerox State Healthcare corporate offices (35.0 miles)
- Salesforce.com corporate offices (37.1 miles) HQ
1050 Jefferson St offers exposure to a renter-heavy neighborhood with nationally competitive occupancy and strong amenity access. Based on CRE market data from WDSuite, neighborhood-level occupancy sits in the national top quartile and renter-occupied share is among the highest in the metro, supporting depth of demand and day-one leasing stability. Elevated home values and a high value-to-income ratio further reinforce reliance on rental housing, while 3-mile forecasts indicate population growth and a substantial increase in households by 2028 tailwinds for absorption and retention if execution remains disciplined.
Constructed in 1976, the asset is newer than the area s 1950s-vintage housing stock, offering relative competitive positioning versus older product and potential to capture rent premiums with targeted modernization. Operators should balance pricing strategy with affordability pressures (rent-to-income near the low national percentiles suggests tighter resident budgets) and continue to monitor neighborhood safety and school quality as part of risk management and marketing.
- Renter-heavy area and top-quartile neighborhood occupancy support leasing stability
- High-cost ownership market underpins sustained apartment demand
- 1976 vintage competes well versus older local stock; targeted renovations can drive NOI
- 3-mile outlook shows household and population growth, expanding the tenant base
- Risks: below-average school ratings, safety considerations, and affordability pressure requiring careful lease management