| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 13th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2124 Santa Ana Dr, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1986 |
| Units | 28 |
| Transaction Date | 1995-10-02 |
| Transaction Price | $1,280,000 |
| Buyer | GODDARD GEOFFREY |
| Seller | SAGE JOHN A |
2124 Santa Ana Dr Fairfield Multifamily Investment
This 28-unit property built in 1986 benefits from neighborhood-level occupancy of 97.9%, well above metro averages according to WDSuite's CRE market data. Strong rental demand fundamentals support stable cash flows in Solano County's growing market.
This Urban Core neighborhood demonstrates solid rental fundamentals with 59% of housing units occupied by renters, ranking in the top quartile nationally among rental-concentrated areas. The neighborhood maintains a 97.9% occupancy rate, significantly outperforming metro averages and ranking 27th among 98 metro neighborhoods. Median contract rents of $1,420 have grown 37.8% over five years, indicating healthy pricing power while remaining affordable relative to area incomes.
Demographics within a 3-mile radius show a stable tenant base with 97,237 residents and modest population growth of 0.1% over the past five years. Household formation trends support rental demand, with 31,968 total households and a balanced age distribution. The area's median household income of $88,018 provides adequate rental affordability, while forecasted income growth of 19.5% through 2028 suggests improving tenant quality over time.
The 1986 construction year aligns with neighborhood averages, presenting potential value-add opportunities through targeted renovations and unit upgrades. Property investors should consider capital expenditure planning for systems and finishes typical of this vintage. The neighborhood's strong grocery access with 6.23 stores per square mile ranks 6th among metro areas, supporting tenant retention and appeal.
Home values averaging $448,489 with 84.8% appreciation over five years reinforce rental demand by keeping homeownership costs elevated relative to renting. This dynamic supports tenant retention while creating pricing power for well-maintained rental properties in the submarket.
Safety metrics show mixed trends that warrant monitoring. Property crime rates of 2,116 incidents per 100,000 residents rank 88th among 98 metro neighborhoods, placing this area in the lower quartile for property crime performance. However, recent trends show improvement with property crime declining 22.8% year-over-year, ranking 32nd among metro neighborhoods for crime reduction.
Violent crime rates of 320 incidents per 100,000 residents have decreased substantially by 46.1% over the past year, representing the 9th-best improvement among metro neighborhoods. While current violent crime levels remain above metro medians, the significant downward trajectory suggests improving conditions that may support tenant retention and property values over time.
The property benefits from proximity to major Bay Area corporate employers, providing workforce housing opportunities for commuters to established business centers.
- International Paper — manufacturing & industrial (33.8 miles)
- Xerox State Healthcare — healthcare services (33.9 miles)
- Clorox — consumer products — HQ (34.6 miles)
- Chevron — energy & oil services — HQ (35.4 miles)
- Salesforce.com — technology & software — HQ (38.2 miles)
This 28-unit property presents a value-oriented multifamily investment supported by neighborhood-level occupancy stability at 97.9% and strong rental demand fundamentals. The 1986 construction vintage offers value-add potential through strategic renovations while benefiting from established neighborhood infrastructure. Commercial real estate analysis from WDSuite indicates rent growth of 37.8% over five years, demonstrating healthy pricing power in a market where 59% of housing units remain renter-occupied.
Demographic projections within the 3-mile radius support continued rental demand with household growth forecasted at 34.7% through 2028 and median income growth of 19.5%. The property's location provides workforce housing access to major Bay Area employers while maintaining affordability relative to core markets. However, investors should factor capital expenditure needs typical of 1986 vintage properties and monitor crime trends, despite recent improvements in both property and violent crime rates.
- Neighborhood occupancy rate of 97.9% ranks 27th among 98 metro neighborhoods
- Strong rental concentration with 59% renter-occupied units supports demand depth
- Forecasted household growth of 34.7% and income growth of 19.5% through 2028
- Value-add potential through renovations of 1986 vintage building systems
- Risk consideration: Property crime rates rank in lower quartile, requiring tenant retention strategies