The Faircrest Apartments were constructed in 1963 with wood frame and stucco construction. The property is situated on 0.64 acres of land, providing a density of 38 units per acre. Tenants can utilize the common area amenities which include a beautiful swimming pool, a BBQ area and courtyard. The property has a laundry facility for the residents' use. The parking consists of 34 covered carport spaces. The property has been well-cared for over the ownership term and has maintained a historically high occupancy level. The unit mix is highly desirable with (1) studio, (3) one-bedrooms, one-baths, (15) two-bedroom, one-bath, (3) two-bedroom, two-baths and (2) three-bedrooms, two-baths offering variety of tenants and rental rates. Total net rentable square footage is 21,105 and the average units size is 879 square feet. All but three of the units have been updated with quartz or granite countertops, and all units have new electrical panels. Only 11 of the 24 units have had other interior renovations on turn as needed such as vinyl plank flooring or new carpet.