| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Poor |
| Demographics | 21st | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 855 E Tabor Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1977 |
| Units | 72 |
| Transaction Date | 1998-03-06 |
| Transaction Price | $4,440,000 |
| Buyer | GP SUNSET MANOR LP |
| Seller | SUNSET MANOR CO |
855 E Tabor Ave, Fairfield CA Multifamily Investment
Renter concentration in the surrounding neighborhood supports a stable tenant base, while occupancy trends sit near national norms, according to WDSuite’s CRE market data. Positioned in Solano County, the asset benefits from steady regional renter demand and a high-cost ownership market that can reinforce leasing resilience.
The property is in Fairfield’s Urban Core, where the neighborhood ranks 73 out of 98 within the Vallejo metro (rated C), placing it below the metro median but with several investor-friendly fundamentals. Neighborhood occupancy is about mid-pack nationally, and the share of renter-occupied housing units is comparatively high (ranked 29 of 98 in the metro; top quartile nationally), signaling depth in the tenant pool and support for leasing stability.
Amenity access is mixed: parks are a relative strength (ranked 5 of 98; top quartile nationally) and grocery and childcare density also compare well within the metro (both ranked 18 of 98; above national medians). Cafés and pharmacies are sparse (each ranked 98 of 98), which may modestly limit walk-to convenience but does not preclude drive-time access within the broader trade area.
Within a 3-mile radius, demographics show gradual population growth over the past five years and a modest increase in households, with projections pointing to a notably larger household count by 2028. This outlook implies a larger tenant base and supports occupancy stability and rent-up potential. Household incomes have trended higher, and median contract rents have risen historically, reinforcing the case for durable demand management rather than aggressive concessions.
Home values in the neighborhood sit above many national peers (higher national percentile), indicating a relatively high-cost ownership market that can sustain reliance on multifamily rentals and support retention. The asset’s 1977 vintage, slightly older than the neighborhood average construction year, suggests prudent capital planning and selective value-add upgrades could enhance competitiveness versus newer stock.
Safety metrics for the neighborhood are around the metro middle (ranked 50 of 98) and below the national median by percentile. Recent trend data is constructive: both violent and property offense rates have declined year over year, with violent incidents showing a stronger improvement trajectory. For investors, the directional trend is positive, though underwriting should still reflect mid-tier safety positioning relative to regional peers.
Regional employment access is anchored by major corporate offices within commuting range, supporting renter demand through broader job diversity and income stability. Notable nearby employers include International Paper, The Clorox Company, Chevron, Salesforce, and Gap.
- International Paper — corporate offices (33.4 miles)
- Clorox — corporate offices (34.6 miles) — HQ
- Chevron — corporate offices (35.1 miles) — HQ
- Salesforce.com — corporate offices (38.3 miles) — HQ
- Gap — corporate offices (38.4 miles) — HQ
855 E Tabor Ave is a 72-unit, 1977-vintage asset positioned in a renter-heavy neighborhood where occupancy sits near national norms and homeownership costs are comparatively elevated—factors that support steady multifamily demand and potential retention. Based on commercial real estate analysis from WDSuite, neighborhood NOI per unit trends are competitive for the metro, and rent levels have advanced over the last cycle, reinforcing revenue durability for well-managed assets.
Forward-looking demographics aggregated within a 3-mile radius indicate population growth and a substantial increase in household counts by 2028, expanding the renter pool and supporting leasing stability. While the vintage suggests ongoing capital needs, targeted renovations and operational improvements can position the property competitively against newer stock without over-relying on outsized rent lifts.
- Renter-occupied housing concentration supports a deeper tenant base and consistent leasing.
- Household growth within 3 miles points to a larger renter pool and sustained occupancy.
- Elevated ownership costs locally reinforce reliance on rental housing and retention potential.
- 1977 vintage provides value-add and capital planning opportunities to enhance competitiveness.
- Risk: mid-tier safety and limited nearby cafés/pharmacies warrant conservative underwriting and amenity strategy.