| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 13th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 261 E Alaska Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
261 E Alaska Ave Fairfield Multifamily Investment
This 72-unit property built in 1973 benefits from strong neighborhood occupancy at 97.9% and a rental-dominated market with 59% of units occupied by renters, according to CRE market data from WDSuite.
The property sits in an Urban Core neighborhood that ranks 91st among 98 metro neighborhoods, with demographic statistics aggregated within a 3-mile radius showing a population of approximately 96,400 residents. The area demonstrates rental market strength with 59% of housing units renter-occupied, ranking in the top quartile nationally and supporting consistent tenant demand for multifamily properties.
Neighborhood-level occupancy trends show 97.9% occupancy, placing this area in the top quartile among Vallejo metro neighborhoods and indicating strong absorption and retention rates. Contract rents average $1,420 for one-bedroom units, with 37.8% growth over five years, while home values at $448,489 median have increased 84.8% over the same period. These elevated ownership costs reinforce rental demand and sustain renter reliance on multifamily housing.
The 1973 construction year aligns with the neighborhood average of 1987, suggesting potential value-add opportunities through strategic renovations and capital improvements. Amenity access includes strong grocery store density at 6.2 stores per square mile, ranking in the top quartile nationally, though café and park amenities are limited. The area shows 11.2% restaurant density, supporting tenant convenience and neighborhood appeal.
Population projections within the 3-mile radius indicate 8.5% growth through 2028, with household formation increasing 34.5% and median incomes rising from $88,687 to $106,015. This demographic expansion supports a larger tenant base and occupancy stability, while forecast rent growth of 40.6% to $2,497 median suggests continued pricing power for well-positioned properties.
Crime metrics show the neighborhood ranks 44th among 98 metro neighborhoods for overall crime, placing it near the metro median with a 44th national percentile for safety compared to neighborhoods nationwide. Property offense rates have declined 22.8% year-over-year, ranking in the top third among metro neighborhoods for crime reduction trends.
Violent crime rates have decreased significantly by 46.1% over the past year, placing the neighborhood in the top quartile for violent crime improvement trends nationally. While absolute crime levels remain above national averages, the consistent downward trajectory in both property and violent offenses indicates improving neighborhood conditions that support tenant retention and property values.
The Bay Area employment corridor provides access to major corporate headquarters and offices within commuting distance, supporting workforce housing demand.
- International Paper — corporate offices (33.6 miles)
- Xerox State Healthcare — healthcare technology (33.7 miles)
- Clorox — consumer products HQ (34.9 miles)
- Chevron — energy HQ (35.7 miles)
- Salesforce.com — technology HQ (38.5 miles)
This 72-unit property built in 1973 presents value-add potential in a rental-focused market with strong occupancy fundamentals. The neighborhood's 97.9% occupancy rate places it in the top quartile among Vallejo metro neighborhoods, while the 59% renter-occupied housing share ranks nationally in the top quartile, indicating sustained multifamily demand. According to multifamily property research from WDSuite, elevated home values and strong rent growth support pricing power and tenant retention.
Population growth of 8.5% and household formation increasing 34.5% through 2028 within the 3-mile radius expand the potential tenant base, while forecast median income growth from $88,687 to $106,015 supports rent advancement. The 1973 vintage offers renovation upside and capital improvement opportunities to capture projected rent growth of 40.6% to $2,497 median by 2028.
- Top quartile neighborhood occupancy at 97.9% indicates strong absorption and retention
- Rental-dominated market with 59% renter-occupied units supports consistent demand
- 1973 vintage offers value-add potential through strategic renovations
- Projected 40.6% rent growth through 2028 supports pricing power
- Risk: Below-average neighborhood ranking and limited amenity access may impact tenant appeal