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1798 Blossom Ave - High Density Residential Land 4.85 Acres of Residential Land Offered at $1,999,800 in Fairfield, CA 94533
Investment Highlights
- Entitled-Ready Multifamily Development Site
- Flat, Rectangular 4.85 AC Lot
- Direct access to I-80 & I-680
Executive Summary
4.85 acres of Residential High Density (RH).15–22 units per acre, Potential 73–107 units. Infill development opportunities.
Near Fairfield Transportation corridor, Minutes to Travis AFB, High Basic Allowance Housing in the military market. Workforce and military-family housing potential, Strong rental demand for VA loan-friendly entry-level homes.
One of the few entitled-density opportunities in a market where Fairfield's planning efforts are increasingly focused on infill development. Entitled and zoned for 17-22 units per acre. Total useable acres 3.94. Ignore .74 wetland acres & separate them from buildable units. The last buyer got approval for 134 units with a grace from the city. SEE ATTACH
Phase 1, Conclusions, Opinions and Recommendations, Mr. Vakili has performed a Phase I Environmental Site Assessment in conformance with the scope and limitations of ASTM Practice E1527-13 of the Subject Property. SEE ATTACH
TSD Engineering said, "Looking at maximizing the multi-family building footprint is a 3-story walk-up garden style apartment. Summary: QL 1 - 96 Units, 184 parking spaces (190 required) or get creative with the clubhouse location. QL 2 - 84 units, 184 parking space (166 required) has a traditional club house and pool. Or you need to go vertical." See attach, CONCEPTUAL SITE PLAN - ALT. 1
Based on the data obtained during the site visit, the environmental database and historical documents review, and information provided by the site tenant; this assessment has revealed no evidence of recognized environmental conditions warranting further action in connection with the Subject Property. This Report complies with the ASTM Standard 1527-13. No additional services beyond the scope of the ASTM Standard 1527-13 were conducted as part of this Report. This is to certify that based on the assessment of the Subject Property, review of all regulatory agencies’ files, interview of the responsible party and a visual site inspection; we hereby recommend no further action at the Subject Property.
Fairfield is home to the Travis Air Force Base and the headquarters of Jelly Belly, as well as a major bottling facility of the massive Anheuser-Busch beer conglomerate. Travis Air Force Base includes over 7,300 active USAF military personnel, 4,250 Air Force Reserves, and 3,800 civilians. Travis AFB has a major impact on the community as a number of military families and retirees have chosen to make Fairfield their permanent home. It is the largest employer in the city and Solano County as well, and the massive Travis workforce has a local economic impact of more than $1 billion annually. The base also contributes many highly skilled people to the local labor pool.
Fairfield Planning Commission Resolutions 2000-2009 2002 PC Resolution 2002-22
Link, \Planning Commission\Resolutions\2000-2009\2002\PC Resolution 2002-22
http://onedrive.live.com/?photosData=%2Fshare%2FD5FA0BDBBAC47078%21s0967ed94de504c419a3668cf2157e841%3Fithint%3Dvideo%26migratedtospo%3Dtrue&cid=D5FA0BDBBAC47078&redeem=aHR0cHM6Ly8xZHJ2Lm1zL3YvYy9kNWZhMGJkYmJhYzQ3MDc4L0lRQ1U3V2NKVU41QlRKbzJhTThoVi1oQkFkdGlYQzdBZmFXTGhJdVpPN2pOT0VB&view=8mes.
• Seller reserves the right to accept or reject any Bid/Offer at any time till 07/31/26 with or without a counteroffer emailed to the Broker/seller.
• Offers/Bids are subject to seller approval or rejection for any reason at any time and at no cost to them.
Property Facts
1 Lot Available
Lot
| Price | $1,999,800 | Lot Size | 4.85 AC |
| Price Per AC | $412,329.90 |
| Price | $1,999,800 |
| Price Per AC | $412,329.90 |
| Lot Size | 4.85 AC |
Entitled-Ready Multifamily Dev. site in one of the North Bay's most active residential markets. Approx. 4.85-acre parcel is zoned RH (Residential High Density) allowing 15 to 22 units / AC. Level, rectangular lot with direct access to I-80/680
Description
Near Fairfield Transportation corridor, Minutes to Travis AFB, High Basic Allowance Housing in the military market. Workforce and military-family housing potential, Strong rental demand for VA loan-friendly entry-level homes. One of the few entitled-density opportunities in a market where Fairfield's planning efforts are increasingly focused on infill development. Entitled and zoned for 17-22 units per acre. Total useable acres 3.94. Ignore .74 wetland acres & separate them from buildable units. The last buyer got approval for 134 units with a grace from the city. SEE ATTACH Phase 1, Conclusions, Opinions and Recommendations, Mr. Vakili has performed a Phase I Environmental Site Assessment in conformance with the scope and limitations of ASTM Practice E1527-13 of the Subject Property. SEE ATTACH TSD Engineering said, "Looking at maximizing the multi-family building footprint is a 3-story walk-up garden style apartment. Summary: QL 1 - 96 Units, 184 parking spaces (190 required) or get creative with the clubhouse location. QL 2 - 84 units, 184 parking space (166 required) has a traditional club house and pool. Or you need to go vertical." See attach, CONCEPTUAL SITE PLAN - ALT. 1 Based on the data obtained during the site visit, the environmental database and historical documents review, and information provided by the site tenant; this assessment has revealed no evidence of recognized environmental conditions warranting further action in connection with the Subject Property. This Report complies with the ASTM Standard 1527-13. No additional services beyond the scope of the ASTM Standard 1527-13 were conducted as part of this Report. This is to certify that based on the assessment of the Subject Property, review of all regulatory agencies’ files, interview of the responsible party and a visual site inspection; we hereby recommend no further action at the Subject Property. Fairfield is home to the Travis Air Force Base and the headquarters of Jelly Belly, as well as a major bottling facility of the massive Anheuser-Busch beer conglomerate. Travis Air Force Base includes over 7,300 active USAF military personnel, 4,250 Air Force Reserves, and 3,800 civilians. Travis AFB has a major impact on the community as a number of military families and retirees have chosen to make Fairfield their permanent home. It is the largest employer in the city and Solano County as well, and the massive Travis workforce has a local economic impact of more than $1 billion annually. The base also contributes many highly skilled people to the local labor pool.
Property Taxes
| Parcel Number | 0037-070-030 | Improvements Assessment | $0 |
| Land Assessment | $432,972 | Total Assessment | $432,972 |
Property Taxes
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1798 Blossom Ave - High Density Residential Land