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Built in 1981
- Expiring Regulatory Agreement and Loss-to-Lease Upside: The property currently includes 33 units (~24%) at 80% of Area Median Income.
- Amenity, Operational, and Condo Conversion Upside: To further enhance rental income, future owners can implement common area improvements including multiple outdoor kitchen and dining areas.
- Spillover Effect: Apartment rents in Fairfield are currently at a significant discount to surrounding rental markets, ranging from 20% to 75% lower rents in cities such as Santa Rosa, Davis, and Napa.