| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 18th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Pennsylvania Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 2000 |
| Units | 60 |
| Transaction Date | 1997-10-28 |
| Transaction Price | $580,000 |
| Buyer | FAIRFIELD PARK APARTMENTS |
| Seller | FAIRFIELD & PENNSYLVANIA AV ASSC |
201 Pennsylvania Ave, Fairfield CA Multifamily
Neighborhood occupancy remains exceptionally tight and supports durable renter demand, according to WDSuite s CRE market data, positioning this Fairfield asset for steady leasing relative to broader metro conditions.
This Inner Suburb location in Fairfield sits within a neighborhood that, per WDSuite s CRE market data, shows very high occupancy at the neighborhood level (measured for the neighborhood, not the property), indicating stable renter demand and limited near-term supply pressures. Renter-occupied housing represents a meaningful share of units, providing depth to the tenant base and supporting leasing continuity for multifamily assets.
Construction year for the property is 2000, compared with neighborhood stock averaging 1980. The newer vintage can offer a competitive edge versus older inventory while still leaving room for targeted modernization of systems and interiors to enhance rent positioning and reduce near-term capital surprises.
Within a 3-mile radius, demographics indicate modest population growth and an increase in households over recent years, with forecasts pointing to further household gains alongside smaller average household sizes. These dynamics typically expand the renter pool and can support occupancy stability and absorption, particularly for well-managed, mid-size communities.
Local livability indicators are mixed: pharmacies and parks score above many peers in national comparisons, while cafes are limited and restaurants are moderate. Home values in the neighborhood are elevated relative to national norms, and this higher-cost ownership landscape tends to reinforce reliance on rental housing a constructive backdrop for lease retention and pricing power when operations are executed well.
Safety indicators trend mixed when viewed against metro and national benchmarks. The neighborhood ranks below the metro median for safety (rank 68 out of 98 metro neighborhoods), and overall crime metrics sit below the national median, signaling conditions that warrant prudent on-site security and underwriting assumptions. At the same time, violent offense estimates show a notable year-over-year decline, indicating recent improvement in the trendline.
Investors should contextualize safety at the neighborhood level, monitor trajectory rather than any single snapshot, and align property-level measures (lighting, access control, resident engagement) to support retention and sustained performance.
Regional employment access spans major Bay Area corporate hubs, supporting renter demand through commute connectivity to roles in consumer products, energy, packaging, healthcare services, and software. The employers below illustrate the breadth of nearby white-collar and services employment that can underpin leasing stability.
- Clorox consumer products (32.6 miles) HQ
- Chevron energy (33.8 miles) HQ
- International Paper packaging & paper (35.7 miles)
- Xerox State Healthcare healthcare services (35.9 miles)
- Salesforce.com software (36.2 miles) HQ
201 Pennsylvania Ave is a 60-unit asset delivered in 2000, offering a relative advantage versus older neighborhood stock while allowing for targeted upgrades to drive yield. Based on CRE market data from WDSuite, the surrounding neighborhood reports exceptionally tight occupancy (neighborhood metric, not property-level), a meaningful share of renter-occupied housing, and elevated ownership costs factors that collectively support multifamily demand, leasing stability, and potential pricing power with disciplined operations.
Within a 3-mile radius, recent and forecast increases in households, alongside smaller average household sizes, point to a larger tenant base over time. Combined with steady regional employment access and a competitive vintage profile, the asset is positioned to capture demand while executing value-add or modernization strategies calibrated to local rent-to-income realities.
- Tight neighborhood occupancy supports stable leasing and low downtime
- 2000 vintage offers competitive positioning with selective renovation upside
- Household growth within 3 miles expands the renter pool and supports absorption
- Elevated ownership costs in the area reinforce reliance on multifamily housing
- Risks: below-median safety metrics and affordability pressure require prudent underwriting