| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 54th | Fair |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 Dover Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1981 |
| Units | 64 |
| Transaction Date | 2000-06-28 |
| Transaction Price | $4,350,000 |
| Buyer | MAGUIRE JOHN JOSEPH |
| Seller | ASHLEY RONALD P |
2800 Dover Ave, Fairfield CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by higher-than-average incomes for the area, according to WDSuite s CRE market data. For investors, the setting points to stable leasing fundamentals with measured upside from operational execution.
Fairfield s inner-suburban setting offers everyday convenience with a primarily auto-oriented amenity pattern. Childcare density rates competitive within the metro help daily-life livability, while limited counts of cafes, groceries, and parks nearby suggest residents rely on broader retail corridors for recreation and errands. Average school scores in the neighborhood track below national norms, which may factor into family renter preferences and marketing strategy.
For multifamily investors, the key signal is occupancy: the neighborhood s apartment occupancy is high and sits in the top quartile nationally, reinforcing expectations for leasing stability. Note that this occupancy describes the neighborhood, not the property. Median contract rents benchmark above national norms, aligning with local income strength and indicating the market can support professionally managed assets with disciplined pricing.
Construction trends skew slightly newer than the property: the neighborhood s average construction year is 1988, while the asset was built in 1981. That seven-year gap points to potential value-add via renovations or systems upgrades to stay competitive against newer stock and capture rent premiums where justified by finishes and functionality.
Demographic statistics within a 3-mile radius show a large and gradually growing population base with a rising household count and steady household sizes. A renter-occupied share near the mid-40% range indicates a deep tenant base, which supports absorption and renewals for well-managed communities. As incomes continue to climb and with median home values elevated versus U.S. averages, the ownership market s higher cost profile tends to sustain reliance on multifamily rentals, enhancing retention and pricing power over time. These dynamics are consistent with multifamily property research trends WDSuite tracks across similar inner-suburban locations.
Safety indicators for the neighborhood are mixed but improving. Relative to neighborhoods nationwide, overall conditions sit modestly above the middle of the pack. Year over year, WDSuite s data shows notable declines in both violent and property offense rates, a positive directional trend that can support resident satisfaction and renewal outcomes.
Within the Vallejo, CA metro context of 98 neighborhoods, the area is not among the top-tier safest, yet the recent downward trend in offenses provides a constructive backdrop for asset operations. Owners should continue standard safety-focused property management and community engagement to maintain leasing stability and protect NOI.
Regional employment is anchored by diversified corporate offices within commutable distance, supporting a broad renter base and commute convenience. Key demand drivers include International Paper, Xerox State Healthcare, Clorox, Chevron, and Cardinal Health.
- International Paper — packaging & paper (32.9 miles)
- Xerox State Healthcare — healthcare IT & services (33.0 miles)
- Clorox — consumer products (35.6 miles) — HQ
- Chevron — energy (36.2 miles) — HQ
- Cardinal Health — healthcare distribution (37.4 miles)
2800 Dover Ave offers a 64-unit footprint in an inner-suburban Fairfield location where neighborhood occupancy trends remain elevated and incomes outperform national norms, supporting rent collections and renewal potential. According to CRE market data from WDSuite, rent-to-income levels around 0.18 in the neighborhood indicate manageable affordability pressure that can aid retention with thoughtful lease management.
Built in 1981, the property is older than the neighborhood s average vintage and may benefit from targeted value-add upgrades to improve competitive positioning versus late-1980s stock. Within a 3-mile radius, population and household counts are projected to increase through 2028, pointing to renter pool expansion that supports occupancy stability. Elevated home values for the area reinforce reliance on multifamily housing, which can underpin pricing power for well-operated assets. Key risks include limited immediate amenity density and below-average school ratings, which may require tailored marketing and resident experience programming.
- High neighborhood occupancy supports stable lease-up and renewals
- 1981 vintage presents value-add and systems modernization opportunities
- 3-mile household growth indicates a larger tenant base over the next few years
- Elevated ownership costs in the area sustain demand for rentals and support pricing discipline
- Risks: amenity-light surroundings and lower school scores may temper family demand; longer commutes to major job centers for some residents