| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 13th | Poor |
| Amenities | 31st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 693 E Tabor Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1981 |
| Units | 64 |
| Transaction Date | 2019-04-18 |
| Transaction Price | $16,650,000 |
| Buyer | STANDARD FAIRFIELD VENTURE LP |
| Seller | PARKSIDE VILLA ASSOCIATES |
693 E Tabor Ave, Fairfield Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and high occupancy at the neighborhood level, according to WDSuite’s CRE market data. This submarket’s renter concentration supports leasing durability for a 64-unit asset.
Livability is anchored by daily-needs access and renter demand drivers. Grocery density is strong for the metro, placing the area in the top tier locally for food retail convenience, while restaurant options are comparatively plentiful. In contrast, cafes, parks, and pharmacies are limited within the neighborhood footprint, which may shift some lifestyle spend to nearby districts.
For multifamily investors, the most notable signal is demand stability: the neighborhood’s occupancy is competitive among Vallejo, CA neighborhoods (27 out of 98) and sits in a high national percentile. Importantly, this refers to neighborhood occupancy, not the property itself. A renter-occupied share near six in ten units indicates a deep tenant base that can support absorption and renewal velocity.
The property’s 1981 vintage is slightly older than the neighborhood average (1987), which can create value-add potential through targeted renovations and capital planning while remaining cost-aware of aging systems. Median home values are elevated for the area, and the value-to-income ratio trends high nationally, which tends to reinforce reliance on rental housing and can aid retention.
Demographic statistics aggregated within a 3-mile radius show a broadly stable population today with an expected increase in households over the next five years, implying a larger renter pool and support for occupancy. Household incomes have risen meaningfully versus five years ago, which helps manage rent-to-income pressures and supports achievable rent levels without overextending affordability.
Safety indicators warrant monitoring. Relative to 98 metro neighborhoods, the area’s crime rank (44 of 98) sits below the metro median for safety, and national comparisons place it below average. That said, trend data shows year-over-year declines in both violent and property offenses, with improvement that is notable versus national peers. Investors should underwrite with sensible security and design measures while recognizing the recent downward trajectory.
Regional employment anchors within commuting range along the I‑80 corridor support renter demand from households working at consumer goods, energy, healthcare distribution, and business services firms listed below.
- International Paper — packaging & paper (33.6 miles)
- Xerox State Healthcare — healthcare IT services (33.8 miles)
- Clorox — consumer goods (34.6 miles) — HQ
- Chevron — energy (35.1 miles) — HQ
- Cardinal Health — healthcare distribution (38.1 miles)
This 64‑unit, 1981-vintage asset in Fairfield sits within a neighborhood exhibiting competitive occupancy and a high renter-occupied share, indicating depth of tenant demand and support for leasing stability. Elevated ownership costs in the area tend to sustain reliance on rental housing, which can strengthen renewal rates and pricing power when paired with thoughtful asset management.
Based on CRE market data from WDSuite, the surrounding 3‑mile area shows steady population tendencies today with a projected increase in households, expanding the renter pool. With the property older than the neighborhood average, focused renovations and systems upgrades can position the asset competitively against newer stock while capturing demand supported by daily-needs retail access and regional employment within commuting range.
- Competitive neighborhood occupancy and deep renter base support consistent leasing
- 1981 vintage offers value‑add potential through unit and system improvements
- Elevated ownership costs in the area reinforce multifamily demand and retention
- 3‑mile household growth outlook expands the tenant pool and supports occupancy
- Risks: below‑average safety metrics and limited nearby parks/cafes; underwrite security and amenity strategy