205 Alaska Avenue

Fairfield, CA94533

8-unit apartment property located at 205 Alaska Avenue in Fairfield, CA. Originally constructed in 1965, the property consists of eight (8) spacious two-bedroom, one-bath units, each averaging approximately 712 square feet. Every unit offers private outdoor space with its own patio, and the community provides an on-site laundry facility for tenant convenience. The interiors have been thoughtfully upgraded, featuring renovated kitchens, bathrooms, flooring, and fresh paint. Recent capital improvements include replacement of the electrical subpanels and roof systems completed within the past 3-4 years, providing peace of mind and reducing near-term maintenance expenses. The property benefits from strong in-place rents, with the potential to further enhance revenue through continued rent growth and management efficiencies. With its solid income stream, low expense ratio, and favorable unit mix, the property offers investors an attractive in-place capitalization rate of 6.40% and the opportunity for long-term value appreciation.

Listing courtesy of Gravitas Commercial Real Estate



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Last checked 2025-11-19 02:29 AM PST