| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 21st | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 840 E Travis Blvd, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1995 |
| Units | 76 |
| Transaction Date | 2018-04-27 |
| Transaction Price | $9,046,000 |
| Buyer | NEW SUNSET CREEK LP |
| Seller | SUNSET CREEK PARTNERS |
840 E Travis Blvd Fairfield Multifamily Investment
Positioned in Fairfield s Urban Core, this 76-unit asset benefits from a renter base supported by regional job centers and neighborhood occupancy near the low-90s, according to WDSuite s CRE market data.
The surrounding neighborhood is Urban Core with a C rating and ranks 73 out of 98 neighborhoods in the Vallejo metro, indicating performance that trails the metro median. For investors, the local mix of daily needs is practical: grocery and childcare density rank 18 of 98, placing the area above many Vallejo submarkets, while parks are a relative strength, in the top quartile nationally. Caf s and pharmacies are comparatively limited, which can affect walk-to convenience but not necessarily leasing fundamentals.
Rents in the neighborhood benchmark high versus the nation (national 85th percentile for median contract rent), and neighborhood NOI per unit sits in the top quintile nationally, suggesting a revenue baseline that can support continued capital planning. Neighborhood occupancy is reported at 90.7% (near the national median), offering a starting point for stability with room to optimize through operations and unit turns.
Vintage matters here: the property s 1995 construction is newer than the neighborhood s average vintage (1979). That positioning can aid competitiveness versus older stock, though investors should budget for mid-life systems and interior modernization to sustain rent attainment.
Tenure dynamics indicate depth for multifamily: the neighborhood s share of housing units that are renter-occupied is in the low-40% range (43.4%), while demographics aggregated within a 3-mile radius show renter-occupied share near the mid-40% range and expected to edge higher. Coupled with median household incomes that are above many national peers and elevated home values locally, the ownership landscape tends to support sustained multifamily demand and lease retention rather than rapid move-outs to ownership.
Looking at 3-mile demographics (aggregated within a 3-mile radius), population has been steady and households have grown, with WDSuite data indicating a sizeable increase in households through 2028, which points to a larger tenant base over time. School ratings in the neighborhood test below national averages, which can be a leasing consideration for family renters; positioning and amenity strategy may be important for absorption and retention.
Safety trends should be interpreted in context. Within the Vallejo metro, the neighborhood s crime rank is 50 out of 98, signaling conditions around the metro average. Compared nationally, safety measures track below average; however, both violent and property offense rates have improved year over year, with notable declines reported in WDSuite s dataset. Investors may view the directional improvement as constructive while underwriting to metro-average assumptions and emphasizing on-site management and lighting/security best practices.
Regional employment is anchored by major corporate offices in the East Bay and San Francisco, offering a broad commuter base that can support renter demand for well-managed workforce and market-rate housing. Notable nearby employers include International Paper, Xerox State Healthcare, The Clorox Company, Chevron, and Salesforce.
- International Paper corporate offices (33.7 miles)
- Xerox State Healthcare corporate offices (33.9 miles)
- Clorox corporate offices (34.3 miles) HQ
- Chevron corporate offices (34.7 miles) HQ
- Salesforce.com corporate offices (38.0 miles) HQ
This 1995-vintage, 76-unit property offers relative competitiveness versus older neighborhood stock, with operations supported by neighborhood occupancy around the national median and NOI per unit performance that ranks strong nationally. Elevated local home values and a renter-occupied share in the low-to-mid 40% range indicate a durable tenant base that supports leasing stability and pricing power for well-executed renovations. Based on CRE market data from WDSuite, household counts within a 3-mile radius are projected to rise meaningfully by 2028, pointing to a larger renter pool over the medium term.
Key considerations include below-average school ratings and nationally weaker safety metrics despite recent improvement, plus amenity gaps such as limited pharmacies and caf s. These risks can be mitigated through property-level programming, maintenance, and security, while leveraging proximity to the I-80 corridor and regional employment centers to attract commuters.
- Newer 1995 vintage versus area average, with potential value-add via interiors and systems planning
- Neighborhood NOI per unit ranks strong nationally, supporting ongoing reinvestment capacity
- 3-mile households projected to increase by 2028, expanding the renter pool and supporting occupancy stability
- Elevated home values reinforce reliance on rental options, aiding lease retention and pricing power
- Risks: below-average school ratings, nationally weaker safety metrics (improving trend), and limited walk-to amenities like pharmacies and caf s