| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 24th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2355 Fairfield Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1984 |
| Units | 38 |
| Transaction Date | 1996-06-06 |
| Transaction Price | $1,430,000 |
| Buyer | RUFF RICHARD H |
| Seller | STABB EDWARD D |
2355 Fairfield Ave, Fairfield CA Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to WDSuite’s CRE market data, with strong daily-needs amenities supporting retention. Investors may find durable cash flow drivers where renter-occupied housing is prevalent and the local cost of ownership remains elevated.
The property sits in an Inner Suburb pocket of Fairfield that rates A- and is competitive among Vallejo metro neighborhoods, ranking in the top quartile among 98 metro neighborhoods. Dining and daily conveniences are a clear strength: the area ranks at or near the top of the metro for restaurants and cafes and is in the top percentiles nationally for grocery and pharmacy access, which supports leasing and day-to-day resident satisfaction.
Neighborhood occupancy trends test in the top quartile nationally, a positive indicator for income stability based on CRE market data from WDSuite. Renter concentration is high (share of housing units that are renter-occupied ranks among the strongest in the metro), signaling a deep tenant base for multifamily assets.
Within a 3-mile radius, household counts are projected to grow while incomes rise, indicating a larger tenant base and supportive demand for rental units over the next cycle. Even as population totals have been relatively flat, the expected increase in households points to smaller household sizes and continued renter pool expansion, which can sustain occupancy and leasing velocity.
Ownership remains a high-cost proposition relative to local incomes, keeping the market oriented toward rentals and aiding pricing power for well-positioned assets. Amenity access is a differentiator, though investors should note limited nearby park space and school ratings that trend below national norms when underwriting family-oriented demand.
Safety indicators for the neighborhood compare below national averages, so underwriting should account for elevated property and violent offense rates relative to many U.S. neighborhoods. That said, recent year-over-year trends show meaningful declines in both categories, suggesting conditions have been improving rather than deteriorating.
At the metro level, the area performs below average versus many Vallejo neighborhoods, but the improving trajectory is noteworthy for risk management and retention planning. Investors often pair enhanced on-site measures with community engagement to align with these trends.
The renter base benefits from access to regional corporate employment centers, supporting commute convenience and steady leasing from professionals tied to corporate offices. Notable employers within the broader commute shed include the following.
- 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 1984, the asset is slightly newer than the area’s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization to drive rent positioning. Neighborhood indicators point to resilient multifamily demand: top-quartile national occupancy metrics, a high share of renter-occupied housing units, and a high-cost ownership landscape that tends to reinforce renter reliance on multifamily housing.
Within a 3-mile radius, households are projected to increase and incomes trend higher, expanding the tenant base and supporting occupancy stability. According to CRE market data from WDSuite, amenity density for dining, grocery, and pharmacy is a local strength, which typically supports retention and day-to-day livability.
- Top-quartile national occupancy and strong renter concentration support income stability.
- 1984 vintage offers competitive positioning with potential value-add through targeted upgrades.
- High-cost ownership market reinforces multifamily renter demand and retention.
- Amenity-rich location (dining, grocery, pharmacy) supports daily convenience and leasing.
- Risk: Below-average safety indicators and limited park space warrant prudent operations and underwriting.