| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 33rd | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2215 Peach Tree Dr, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1984 |
| Units | 109 |
| Transaction Date | 2010-05-14 |
| Transaction Price | $8,800,000 |
| Buyer | Placervi lle Apartments |
| Seller | Peachwood LLC |
2215 Peach Tree Dr Fairfield Multifamily Opportunity
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data, with stability supported by an Urban Core setting and a renter-occupied housing base. This positioning can aid income consistency relative to metro peers.
Located in Fairfield, California’s Urban Core, the property benefits from a neighborhood rated A- and ranked 19th among 98 metro neighborhoods—competitive within the Vallejo, CA metro. Local occupancy in the neighborhood sits in the top decile nationally, supporting revenue stability for professionally managed multifamily assets.
Daily conveniences are strong: the neighborhood scores in the top percentiles nationally for grocery stores and restaurants per square mile, while parks and pharmacies are also plentiful. Cafes are comparatively sparse, which modestly limits third-space options. School ratings average about 2.0 out of five, a consideration for family-oriented leasing but less critical for workforce housing.
Vintage positioning: built in 1984, the asset is newer than the area’s average construction year of 1975. That typically confers competitive appeal versus older stock, while still calling for capital planning around aging systems and selective modernization to sustain leasing velocity and retention.
Tenure and demand: the neighborhood’s renter-occupied share is roughly 59%, indicating a deep tenant base that can support absorption and occupancy. Within a 3-mile radius, demographics show a stable to slightly declining population historically but growth in total households, with forecasts calling for further household expansion and higher median incomes—signals that point to a larger renter pool and support for rent levels over time. Rising household incomes and an increasing upper-income share bolster demand for quality rentals, per multifamily property research from WDSuite.
Affordability dynamics: elevated home values relative to incomes (high national percentile for value-to-income) reinforce reliance on rentals, which can aid pricing power and lease retention. At the same time, a rent-to-income ratio near 0.29 suggests pockets of affordability pressure; operators may prioritize renewal strategies and amenity/value engineering to manage retention risk.
Safety indicators for the neighborhood track below national norms overall, with crime measures sitting in lower national percentiles. Property offenses benchmark weaker than average nationwide, while violent offense metrics, though also below national percentiles, show recent improvement on a year-over-year basis. These patterns suggest investors should incorporate security, lighting, and resident-experience protocols into operating plans and underwrite with conservative loss assumptions.
Within the Vallejo, CA metro (98 neighborhoods), the area does not rank among the stronger safety performers and would be viewed as below metro median. Trend improvement in violent offenses provides a constructive note, but the operating approach should remain disciplined and data-driven.
Proximity to major Bay Area employers within roughly 34–38 miles supports commuter access and broad white-collar demand, helping deepen the tenant base and underpin leasing stability. Notable corporate offices and headquarters include:
- International Paper — packaging and paper (34.0 miles)
- Xerox State Healthcare — healthcare services (34.1 miles)
- Clorox — consumer products (34.6 miles) — HQ
- Chevron — energy (35.5 miles) — HQ
- Salesforce.com — enterprise software (38.1 miles) — HQ
This 109-unit property built in 1984 competes favorably against older local stock while still offering selective value-add potential through systems upgrades and modernization. Neighborhood occupancy performance is strong on a national basis, and a renter-occupied housing base near 59% points to depth in the tenant pool and support for steady absorption. According to commercial real estate analysis from WDSuite, elevated ownership costs in the area tend to sustain renter reliance, which can aid pricing power and lease retention over time.
Within a 3-mile radius, households have grown historically and are projected to expand further alongside rising median incomes—factors that imply a larger renter pool and support for occupancy stability. Amenity access is strong (groceries, restaurants, parks), though school scores are modest and safety metrics benchmark below national norms, calling for prudent operating assumptions and resident-experience investments.
- Competitive vintage (1984) vs. older neighborhood stock, with targeted value-add and systems upgrades
- Strong neighborhood occupancy and sizable renter-occupied base support income stability
- Household and income growth within 3 miles expand the renter pool and leasing prospects
- Amenity-rich location (groceries, restaurants, parks) enhances day-to-day livability
- Risks: below-average safety benchmarks and rent-to-income pressure warrant conservative underwriting and active management