Continental Apartments 1955 Grande Cir 23 Unit Apartment Building $5,467,918 CAD ($237,736 CAD/Unit) 6.63% Cap Rate Fairfield, CA 94533

The Pinza Group is pleased to present the Continental Apartments at 1955 Grande Circle in Fairfield. Comprised of 16 1-bedroom/1-bath units and seven 2-bedroom/1.5-bath townhouse units, the property offers a desirable unit mix with broad tenant appeal and strong occupancy potential. The asset has benefited from recent capital improvements, including a new roof, updated flooring, fresh interior and exterior paint, and designated off-street parking, helping reduce near-term capital expenditure requirements. Additional income is generated through on-site coin-operated laundry facilities, while the potential implementation of a RUBS program provides a clear path to increasing net operating income. Ideally located near public transportation, shopping, dining, and major commuter routes, the property offers investors a compelling combination of stable in place cash flow, operational efficiencies, and future upside in a non rent-controlled market.
Fairfield is one of Solano County's most established rental markets, strategically located between the San Francisco Bay Area and Sacramento. The city benefits from a diverse employment base, strong transportation infrastructure, and convenient access to Interstate 80, making it a desirable location for commuters and local residents alike. The property is situated near major shopping centers, grocery stores, restaurants, parks, and everyday conveniences, while also benefiting from proximity to Travis Air Force Base, one of the region's largest employers. Additional employment drivers include North Bay Health, Jelly Belly, and Solano County government services, supporting a stable local workforce. Fairfield continues to attract renters seeking affordability relative to neighboring Bay Area communities, supporting long-term housing demand, occupancy stability, and future rent growth