| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 13th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 651 E Travis Blvd, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1975 |
| Units | 100 |
| Transaction Date | 2003-06-03 |
| Transaction Price | $6,350,000 |
| Buyer | HUTCHINSON PATRICK |
| Seller | STONEYBROOK APARTMENTS LLC |
651 E Travis Blvd, Fairfield CA Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite s CRE market data, positioning this 100-unit asset for steady leasing fundamentals.
This Urban Core location in Fairfield benefits from strong neighborhood occupancy and a high concentration of renter-occupied housing units. Occupancy trends are competitive among Vallejo neighborhoods (outperforming the metro median), and the renter concentration supports a broad tenant base, which can translate into steadier renewals and fewer prolonged vacancies. Elevated home values in the area indicate a high-cost ownership market, which typically sustains reliance on multifamily housing and can support pricing power for well-managed properties.
Daily needs are well served by a dense grocery presence and a wide restaurant mix nearby, while certain amenities such as parks, pharmacies, cafes, and childcare options are comparatively limited. For investors, this mix suggests convenience for everyday essentials alongside potential trade-offs in lifestyle amenities that can influence marketing and positioning. School ratings in the immediate area are mixed, so leasing strategies may lean more toward workforce and young adult segments.
Demographic statistics are aggregated within a 3-mile radius: household counts have inched higher recently and are projected to rise further, indicating a larger tenant base ahead. Even with relatively stable population today, WDSuite s commercial real estate analysis indicates households are expected to grow meaningfully over the next five years, which supports occupancy stability and absorption for well-priced units.
The property s 1975 vintage is older than the neighborhood s average construction year, pointing to near- and medium-term capital planning needs. That age profile can also create value-add potential through targeted renovations and system upgrades that improve competitive positioning against newer stock.
Crime conditions in this neighborhood sit below national safety percentiles, indicating a comparatively higher incidence than many U.S. areas. However, recent year-over-year trends show meaningful declines in both property and violent offenses, suggesting the near-term trajectory is improving. Within the Vallejo metro, the neighborhood s crime rank is mid-pack among 98 neighborhoods, underscoring that risks are present but not outlier for the region.
Investors typically account for this by tightening onsite security protocols, emphasizing lighting and access control during renovations, and underwriting with conservative loss assumptions while monitoring continued trend improvements.
Regional employment options are within commuting range, supporting workforce housing demand and retention. Nearby anchors include manufacturing, consumer goods, healthcare services, energy, and technology offices listed below.
- International Paper — manufacturing (33.9 miles)
- Clorox — consumer goods (34.1 miles) — HQ
- Xerox State Healthcare — healthcare services (34.1 miles)
- Chevron — energy (34.6 miles) — HQ
- Salesforce.com — software (37.8 miles) — HQ
651 E Travis Blvd offers scale at 100 units in a renter-heavy pocket of Fairfield with consistently high neighborhood occupancy. Based on CRE market data from WDSuite, the area shows durable leasing performance relative to the metro, while elevated ownership costs in the vicinity reinforce reliance on rental housing. The 1975 vintage suggests both capital planning requirements and actionable value-add potential to enhance rentability and narrow the gap versus newer competitive stock.
Within a 3-mile radius, household counts are projected to increase, indicating a larger tenant pool and support for occupancy stability. Everyday convenience is strong given grocery and restaurant density, while certain amenity gaps and mixed school ratings inform positioning toward workforce renters. Underwriting should incorporate measured assumptions on safety and affordability pressure, with attention to rent-to-income dynamics and prudent operating controls.
- Competitive neighborhood occupancy and deep renter base support steady leasing
- 1975 vintage offers renovation and systems upgrade upside alongside CapEx needs
- Elevated ownership costs in the area bolster long-run multifamily demand
- 3-mile household growth outlook expands the tenant pool and aids retention
- Risks: below-average safety percentiles and affordability pressure require disciplined operations