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Woolner Place Apartments 1406 Woolner Ave 20 Unit Apartment Building $5,906,225 CAD ($295,311 CAD/Unit) 5.71% Cap Rate Fairfield, CA 94533
Investment Highlights
- Turnkey Mixed-Use Investment featuring 19 residential units and a preschool tenant on a NNN lease
- Strong Workforce Housing Demand driven by Travis Air Force Base and Sacramento/Bay Area/Napa Valley proximity
- Recent Capital Improvements, including a new roof, paint, and renovated interior units
- Stable Income Profile with diversified revenue streams from residential and government commercial tenancy
Executive Summary
The DeLoney Group of 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.
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.
Property Facts
| Price | $5,906,225 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $295,311 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.18 AC |
| Cap Rate | 5.71% | Building Size | 12,250 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Zoning | HR - https://www.codepublishing.com/CA/Fairfield/html/Fairfield25/Fairfield2506.html | ||
| Price | $5,906,225 CAD |
| Price Per Unit | $295,311 CAD |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 12,250 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | HR - https://www.codepublishing.com/CA/Fairfield/html/Fairfield25/Fairfield2506.html |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 778 |
| 1+1 | 18 | - | 680 |
| 2+1 | 1 | - | 951 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0031-210-390 | Improvements Assessment | $2,676,479 CAD |
| Land Assessment | $1,147,062 CAD | Total Assessment | $3,823,541 CAD |
Property Taxes
Parcel Number
0031-210-390
Land Assessment
$1,147,062 CAD
Improvements Assessment
$2,676,479 CAD
Total Assessment
$3,823,541 CAD
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Woolner Place Apartments | 1406 Woolner Ave
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