Strategic Location: Centrally located between Northern California's largest metropolitan hubs, residents of Waterscape enjoy easy access to key employment centers in the East Bay and San Francisco to the west, as well as Davis and Sacramento to the east. The world-renowned Napa Valley wine region is also just a 20-minute drive away.
Spillover of Demand: Apartment rents in Fairfield are currently at a significant discount compared to neighboring core markets to the south and west. Waterscape represents a relatively affordable option for residents priced out of the East Bay's core markets, which will continue to drive aggressive rent growth and promote landlord pricing power.
Value-Add Opportunity: While current ownership has invested more than $3.9 million in capital improvements over the past five years, a future owner has the ability to implement additional interior and exterior enhancements to drive rental income. Competing assets with newer vintage or higher-end finishes demonstrate significant rent premiums.
Well-Appointed Community and Favorable Unit Mix: Situated on 14.65 acres, Waterscape boasts an appealing low density setting with an extensive community amenity package highlighted by a two-story fitness center, swimming pool, spa, playground, clubhouse, and private garages. The property offers large, well-designed one- and two-bedroom floor plans averaging 978 square feet.