| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 24th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 Dana Dr, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2020-10-06 |
| Transaction Price | $3,649,000 |
| Buyer | CUNNINGHAM IRENE |
| Seller | POUSTINCHIAN MOHAMAD TAGHI |
1220 Dana Dr, Fairfield CA — 24-Unit Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s with a multi-year uptick, supporting income stability; according to WDSuite’s CRE market data, strong amenity density and a high renter concentration underpin consistent demand.
Positioned in Fairfield’s Inner Suburb (Vallejo metro), the neighborhood carries an A- rating and ranks 21st out of 98 metro neighborhoods—top quartile locally—indicating competitive fundamentals for multifamily investors. Amenity access is a core strength: restaurant and café density rank at the top of the metro and sit in the highest national percentiles, with grocery and pharmacy access also scoring well above metro medians.
Occupancy in the neighborhood is 95.6% with a positive five-year trend, a signal of stable leasing conditions versus national averages (74th percentile), based on WDSuite’s CRE market data. The share of housing units that are renter-occupied is roughly 60%—a high renter concentration (94th percentile nationally) that supports depth of the tenant base and day-to-day leasing velocity.
Within a 3-mile radius, household counts have edged higher recently and are projected to grow further, with forecasts pointing to a larger tenant base over the next five years. Even as population totals have been relatively flat, the increase in households implies smaller household sizes and a gradual expansion of renters entering the market—factors that can support occupancy stability. Median home values in the neighborhood are elevated versus national norms (82nd percentile), and the value-to-income ratio sits high as well, which tends to sustain reliance on rental housing and can aid pricing power and retention. At the same time, the rent-to-income ratio is around one-quarter, suggesting manageable affordability pressure that supports renewals.
The property’s 1977 vintage is slightly older than the neighborhood’s average construction year (1981). For investors, that typically translates into predictable capital planning needs and potential value-add upside through targeted renovations and modernization, particularly given the submarket’s occupancy backdrop. One trade-off to note is limited park access within the immediate neighborhood, which places more weight on the strong retail and service amenity mix for resident livability.
Safety conditions should be evaluated with care. Neighborhood crime levels are elevated relative to many U.S. neighborhoods (low national safety percentiles), yet recent trends show year-over-year declines in both property and violent offenses, according to WDSuite’s CRE market data. Investors may view the directional improvement as constructive while underwriting prudent security measures and tenant-experience practices.
Compared with other neighborhoods in the Vallejo metro (98 total), this area does not rank among the metro’s safest, but the pace of recent improvement is competitive versus national trends. A cautious approach—lighting, access controls, and resident engagement—can help manage retention and operating risk.
Regional employment anchors within commuting range broaden the renter pool and support leasing stability, including Clorox, International Paper, Chevron, Salesforce, and Gap. These employers span consumer products, energy, and technology—industries that help sustain demand for workforce and market-rate units.
- Clorox — consumer products (33.8 miles) — HQ
- International Paper — packaging & paper (34.8 miles)
- Chevron — energy (35.0 miles) — HQ
- Salesforce.com — software & cloud (37.3 miles) — HQ
- Gap — apparel retail (37.4 miles) — HQ
1220 Dana Dr offers a 24-unit footprint with efficient average unit sizes (~506 sq. ft.), aligning with renter profiles that favor attainably priced studios and one-bedrooms. Neighborhood occupancy sits in the mid-90s with a multi-year increase, and the renter-occupied share is high—factors that typically support steady absorption and renewal rates. Elevated home values relative to national norms reinforce rental demand, while rent-to-income levels near one-quarter help mitigate affordability pressure and support retention, based on CRE market data from WDSuite.
The 1977 vintage implies near-term capital planning and presents value-add potential through targeted interior and systems updates. Within a 3-mile radius, household counts are rising and are projected to expand meaningfully, pointing to a larger tenant base over the next cycle. Amenity access is a differentiator—top-tier dining, cafés, grocery, and pharmacy proximity—offset somewhat by limited parkland and the need for ongoing safety best practices.
- Mid-90s neighborhood occupancy with a five-year uptick supports income stability
- High renter concentration and elevated ownership costs deepen multifamily demand
- 1977 vintage offers value-add potential alongside prudent CapEx planning
- Risks: elevated crime metrics and limited parkland—mitigated through operations and resident services