1917 Grande Cir. - Fairfield, CA 94533
PROPERTY Stats
96%
Occupancy
2005
Placed in Service
41,444
sF
PROPERTY OVERVIEW
Fairfield Heights is a 52-unit affordable housing community located in Fairfield, CA. The property is conveniently located minutes from major retailers, including Walmart Supercenter, Target, Solano Town Center, and Ralphs. Numerous restaurants, outdoor recreation, entertainment, and health care facilities are nearby as well.
The property was built in 1974 and renovated with tax credits and placed in service in 2005 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 50% and 60% of the Area Median Income (AMI) limits, which are provided by the California Tax Credit Allocation Committee. The property is beyond its initial compliance period and has extended use restrictions in place until 2060.
Fairfield Heights offers one and two bedroom apartment homes featuring a fully equipped kitchen, air conditioning, and ample storage. Community amenities include a swimming pool, on-site laundry facility, and a playground.
Terrific rental upside going forward as there is 12.2% of embedded growth in the rental limits based on the 2025 HUD Fair Market Rent
Fairfield is located 46 miles from Downtown Sacramento and 50 miles from San Francisco, making it convenient for residents to enjoy quiet residential living while being able to enjoy big city amenities
The Vallejo-Fairfield, CA MSA has been experiencing strong rent growth as evidenced by the 48.4% increase in the average HUD FMR's across one- and two-bedroom units since 2020
Incredibly well-performing asset with a vacancy rate less than 3% over the trailing twelve months
INVESTMENT HIGHLIGHTS
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
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52
UNITS
41,444
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Managing Director
504.722.1999
chris.crump@berkadia.com
Chris Crump
Senior Managing Director
504.458.1626
tim.leonhard@berkadia.com
Tim Leonhard
MORTGAGE BANKERS
Director
Affordable Housing
WA License #22019732
425.999.1152
adam.tomberg@berkadia.com
ADAM TOMBERG
Senior Managing Director
Affordable Housing
WA License #26367
253.653.3313
brandon.grisham@berkadia.com
BRANDON GRISHAM
INVESTMENT SALES
601 Union St.
Suite 3909
Seattle, WA 98101
seattlE
Contacts & Office Locations
Managing Director
504.722.1999
chris.crump@berkadia.com
Chris Crump
Senior Managing Director
504.458.1626
tim.leonhard@berkadia.com
Tim Leonhard
MORTGAGE BANKERS
Managing Director
Multifamily
CA License #01422005
415.835.9206
scott.macdonald@berkadia.com
Scott MacDonald
Senior Managing Director
Affordable Housing
WA License #26367
253.653.3313
brandon.grisham@berkadia.com
BRANDON GRISHAM
Senior Finacial Analyst
Affordable Housing
CA License #02092504
949.303.9114
scott.timpani@berkadia.com
SCOTT TIMPANI
INVESTMENT SALES
bruce.furniss@berkadia.com
1 Post St.
Suite 1000
San Francisco, CA 94104
san francisco
601 Union St.
Suite 3909
Seattle, WA 98101
seattlE
Contacts & Office Locations
Senior Managing Director
Multifamily
CA License #01323188
415.835.9205
jason.parr@berkadia.com
Jason Parr
Director
Affordable Housing
WA License #22019732
425.999.1152
adam.tomberg@berkadia.com
ADAM TOMBERG