1406 Woolner Ave - Apartments FOR SALE


Fairfield, CA 94533
$4,250,000 USD
916-833-8346
1406 Woolner Ave, Fairfield, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/8
null | 5.71% Cap Rate

1406 Woolner Ave
Fairfield, CA 94533


HIGHLIGHTS

  • Turnkey Mixed-Use Investment featuring 19 residential units and a preschool tenant on a NNN lease
  • Recent Capital Improvements, including a new roof, paint, and renovated interior units
  • Strong Workforce Housing Demand driven by Travis Air Force Base and Sacramento/Bay Area/Napa Valley proximity
  • Stable Income Profile with diversified revenue streams from residential and government commercial tenancy

OVERVIEW

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Woolner Place Apartments, a well maintained and renovated mixed-use investment property located in the heart of Fairfield, California. The property consists of 19 residential units—comprised of 18 one-bedroom / one-bathroom units and one two-bedroom unit—alongside a preschool operating under a NNN lease, providing investors with a stable, diversified income stream. The asset has been thoughtfully upgraded and is truly turnkey, featuring renovated interiors, fresh exterior paint, and a recently replaced roof, allowing for immediate operational efficiency and minimal deferred maintenance. Woolner Place offers investors the rare opportunity to acquire a low-maintenance, stabilized asset with built-in income security through its NNN-leased preschool component, while still benefiting from the strong fundamentals of the Fairfield rental market. Though the asset is physically stabilized, the apartments have an approximately 9% loss to lease upside and the preschool has annual rent bumps. The unit mix—primarily one-bedroom apartments—caters to a broad tenant base including workforce housing, young professionals, and military-affiliated renters, creating consistent demand and occupancy. The property benefits from its close proximity to Travis Air Force Base and offers convenient access to major Northern California employment hubs throughout the San Francisco Bay Area and Sacramento region.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$425 USD /SF

# OF UNITS

20

PRICE/UNIT

$212,500

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woolner Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

HR

APN/PARCEL ID

0031-210-390

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

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Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.