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1990 Grande Cir
Fairfield, CA 94533
Pinewood Condominiums · Multifamily Property For Sale
·
40 Units
PROPERTY FACTS
| No. Units | 40 | Lot Size | 1.51 AC |
| Property Type | Multifamily | Building Size | 39,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 39,000 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | Commercial |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
ABOUT 1990 GRANDE CIR , FAIRFIELD, CA 94533
**Full Marketing Package Available Upon Request** Located on a corner lot in East Fairfield, this 40 unit apartment complex is highlighted by an excellent unit mix of (8) one-bedroom units, (23) two-bedroom flats, (3) two-bedroom townhomes, (6) three-bedroom flats and a bonus studio unit. Comprised of five buildings surrounding a spacious courtyard with a swimming pool, the property features dual-pane windows throughout, a leasing office, a shared coin-op laundry room, solar panels on the roof and gated parking with 46 spaces. Local competing rental properties are leasing for approximately 21% higher monthly rates due to higher quality interior finishes. With these higher quality interiors, property owner’s are attracting extremely well qualified tenants who have been pushed further out from the central Bay Area employment centers. These fundamentals present investors with an excellent repositioning opportunity, providing an outstanding long term investment as well as short term income. With the average cost per door significantly below all of the core bay area communities, this property represents an exceptional growth opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 611 - 619 |
| 2+1 | 23 | - | 631 - 1,159 |
| 2+2 | 3 | - | 1,280 |
| 3+2 | 6 | - | 1,276 |
PROPERTY TAXES
| Parcel Number | 0037-262-050 | Improvements Assessment | $6,708,011 |
| Land Assessment | $1,476,420 | Total Assessment | $8,184,431 |
PROPERTY TAXES
