Woolner Place Apartments — Sale in Fairfield, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fairfield, CA 94533

Investment Figures

Cap rate
5.71%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Woolner Place Apartments, a well maintained and renovated mixed-use investment property located in the heart of Fairfield, California. The property consists of 19 residential units—comprised of 18 one-bedroom / one-bathroom units and one two-bedroom unit—alongside a preschool operating under a NNN lease, providing investors with a stable, diversified income stream. The asset has been thoughtfully upgraded and is truly turnkey, featuring renovated interiors, fresh exterior paint, and a recently replaced roof, allowing for immediate operational efficiency and minimal deferred maintenance. Woolner Place offers investors the rare opportunity to acquire a low-maintenance, stabilized asset with built-in income security through its NNN-leased preschool component, while still benefiting from the strong fundamentals of the Fairfield rental market. Though the asset is physically stabilized, the apartments have an approximately 9% loss to lease upside and the preschool has annual rent bumps. The unit mix—primarily one-bedroom apartments—caters to a broad tenant base including workforce housing, young professionals, and military-affiliated renters, creating consistent demand and occupancy. The property benefits from its close proximity to Travis Air Force Base and offers convenient access to major Northern California employment hubs throughout the San Francisco Bay Area and Sacramento region. Investment Highlights: • Turnkey Mixed-Use Investment featuring 19 residential units and a preschool tenant on a NNN lease • Recent Capital Improvements, including a new roof, paint, and renovated interior units • Strong Workforce Housing Demand driven by Travis Air Force Base and Sacramento/Bay Area/Napa Valley proximity • Stable Income Profile with diversified revenue streams from residential and government commercial tenancy

Market Context

This multifamily in Fairfield, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Fairfield, CA — view the full market.

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