| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 33rd | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2306 Fairfield Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1973 |
| Units | 62 |
| Transaction Date | 2017-07-31 |
| Transaction Price | $119,500 |
| Buyer | VA7 PARK BLU LLC |
| Seller | PARK BLU APARTMENTS LLC |
2306 Fairfield Ave, Fairfield CA Multifamily Investment
Neighborhood-level occupancy is high with a meaningful renter concentration, supporting steady leasing conditions according to WDSuite’s CRE market data. For investors, this points to durable tenant demand in a workforce-oriented pocket of Fairfield.
This Urban Core neighborhood in Fairfield posts an A- rating and is competitive among the 98 Vallejo metro neighborhoods, with occupancy measured at the neighborhood level landing in the 92nd national percentile. Renter-occupied share is elevated for the metro (ranked 11 of 98), indicating a deep tenant base that can support leasing stability across cycles.
Daily needs are well covered: grocery, pharmacy, and park access all rank competitively among Vallejo neighborhoods (e.g., grocery density ranks 4 of 98) and sit in the top national percentiles. Restaurant options are also a strength, while cafes are thinner locally. These amenity patterns align with workforce housing needs and can aid retention.
Median contract rents test in the upper national percentiles, while home values also skew elevated versus the nation. In a high-cost ownership context, this typically sustains reliance on multifamily rentals and can support pricing power; however, a low national percentile for rent-to-income signals affordability pressure that warrants active lease management. School ratings average near the lower end locally, which is a consideration for family-oriented tenant segments.
Demographic statistics are aggregated within a 3-mile radius: households have ticked up recently even as population softened slightly, implying smaller household sizes. Looking ahead, forecasts point to population and household growth over the next five years, which would expand the renter pool and support occupancy if realized, based on commercial real estate analysis from WDSuite.
Safety conditions are discussed at the neighborhood—not property—level. Relative to neighborhoods nationwide, overall safety percentiles are lower, indicating higher reported crime than many areas. Within the Vallejo metro, the neighborhood ranks toward the less favorable end on property offenses, while violent offense trends show a recent modest year-over-year improvement even as property offenses ticked up. Investors typically underwrite to these dynamics through security measures, insurance, and leasing strategy.
Interpreting the data: a higher national percentile reflects safer conditions, while lower percentiles signal elevated incident rates versus national peers. Within the 98-neighborhood Vallejo metro, comparative rank positions provide local context but should be paired with on-the-ground diligence and trend monitoring.
Proximity to Bay Area corporate employment supports commuter demand and broadens the renter base for workforce-oriented assets. Key nearby employers include International Paper, Xerox State Healthcare, Clorox, Chevron, and Salesforce.com.
- International Paper — corporate offices (34.2 miles)
- Xerox State Healthcare — corporate offices (34.3 miles)
- Clorox — corporate offices (34.6 miles) — HQ
- Chevron — corporate offices (35.7 miles) — HQ
- Salesforce.com — corporate offices (38.1 miles) — HQ
Built in 1973, the property is slightly older than the neighborhood average vintage, creating potential for targeted value-add and system upgrades to sharpen competitiveness against newer stock. At the neighborhood level, occupancy performance sits above the metro median and in the top quartile nationally, and renter-occupied share is high—both supportive of depth and stability in the tenant base.
Amenity coverage is a relative strength (notably groceries, restaurants, pharmacies, parks), and ownership costs trend high versus national norms, which typically sustains multifamily demand. According to CRE market data from WDSuite, rents benchmark in upper national percentiles; pair this with rising household counts within a 3-mile radius and forward projections for population and household growth, and the setup favors sustained demand—tempered by affordability pressure and local safety considerations that should be reflected in operations and capital planning.
- High neighborhood occupancy and above-median metro rank support leasing stability
- 1973 vintage offers value-add and system-upgrade potential
- Strong amenity access and high ownership costs reinforce rental demand
- 3-mile household and population growth outlook expands the renter pool
- Risks: affordability pressure and below-national safety percentiles require proactive management