Overview

ZONING

RH (Residential, High Density) District
The RH zoning district is intended for multifamily development such as apartments and condominiums. RH zoned properties are located along major collector and arterial roads, adjacent to neighborhood-serving land uses such as grocery stores, and near employment centers. The allowable density range is 15 to 22 dwelling units per gross developable acre.

PROPERTY OVERVIEW

  • Address 1798 Blossom Ave, Fairfield, CA
  • Price Unpriced
  • County Solano
  • Lot Size ± 211,266 SF (± 4.85 AC)
  • Existing Zoning RH (Residential, High Density) 15-22 units/AC
  • APN 0037-070-030
  • Comments Will allow for entitlements

Parcel Map

Zoning Map

Conceptual Site Plan

Wetland Info

Location

Solano County Overview

Solano County is the most northernly county of the nine counties in the Bay Area. It is located close to the East Bay and Sacramento allowing for access to both.

The 2010 census had a population of 413,344 people in the county, but estimates forecast it has grown closer to 447,000 people currently. The area is a mix of great suburban areas with lots of restaurants, shopping, outdoor activities, waterfront areas, good schools, and reasonable housing costs.

The county is a strong job node of the total Bay Area. It has employers that include Travis Air Force Base, Genentech, Anheuser-Busch, Janssen Pharmaceuticals, Jelly Belly, and Kaiser. The companies are taking advantage of UC Davis' strong educational system to provide a steady stream of employees. Residents can easily access the amenities of the Bay Area and the Napa valley wine region.

  • Local economy driven by military/air force jobs, biotechnology, healthcare, and food companies
  • Close to strong shopping, parks, schools, and easy access to transportation nodes
  • Growing population and an ideal location between San Francisco, East Bay, Napa and Sacramento.

Demographics

140,296

POPULATION (2015)

6.5%

POPULATION GROWTH BY 2026

4.50%

CLASS A RENT GROWTH

61%

WITH SOME COLLEGE EDUCATION

$76,758

MEDIAN HOUSEHOLD INCOME

97%

OCCUPANCY FAIRFIELD

*5 MILE RADIUS


Nearby Amenities

Fairfield Overview

Shopping & Entertainment

Market Overview

Access to Major Job Nodes

Multifamily Market Overview

The multifamily market in Solano County has remained steady. During the pandemic the area has been able to sustain strong rent growth.

The area has seen over the last 2 years an average of 6.7% year over year rent growth. Solano County has added 1,389 units over the last 10 years, while the East Bay area has seen moderate job growth, despite the ongoing pandemic.

There are only no major apartment buildings under construction in Solano County, however 1,300 units are in the planned and prospective stages in this metro area. The average in place rent for Class A apartments built in the last 10 years is at $2,156. The overall occupancy rate for the county stands at 97%.

The Fairfield market has just over 30 apartment buildings with over 50 units encompassing a total of 4,047 units. The development pipeline is minimal in this market, with no under construction developments in Fairfield. The average year-over-year rent growth for Fairfield for the last 2 years has been 6.2%. The current occupancy rate stands at 96.9%.

1,389 UNITS

NEW DEVELOPMENT SOLANO COUNTY (LAST 10 YEARS)

O UNITS

FAIRFIELD MARKET RATE UNITS UNDER CONSTRUCTION

4.50%

CLASS A RENT GROWTH

$2,156

AVERAGE CLASS A RENT


Solano County Economy

Due Diligence

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