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1650 Park Ln
Fairfield, CA 94533

Parkside Villa Apartments · Multifamily Property For Sale · 64 Units

PROPERTY FACTS

No. Units 64
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 3.66 AC
Building Size 59,976 SF
Average Occupancy 91%
No. Stories 2
Year Built 1979
Parking Ratio 1.47/1,000 SF

Site Amenities

  • Clubhouse
  • Laundry Facilities
  • Playground
  • Property Manager on Site

About 1650 Park Ln , Fairfield, CA 94533

Parkside Villa Apartments is a 64-unit, garden-style multi-family property located at 1650 Park Lane in Fairfield, California. The property is in Solano County approximately 40 miles north of the city of Oakland and 40 miles south of Sacramento; it is also about 50 miles north of San Francisco. Currently, Parkside Villa Apartments is being operated as an affordable housing community with a Project-Based Section 8 Housing Assistance Payments contract. Sixty-two of the units are subsidized and there are two non-subsidized employee units. The contract was renewed in September 2016 and runs for a period of five years. Built in 1979, Parkside Villa Apartments is comprised of 16 two-story residential buildings, a leasing office, recreation room and maintenance building situated on a 3.66-acre site. The community offers two-bedroom units that average 874 square feet and three-bedroom units that measure approximately 1,076 square feet. The property’s amenity package includes a community room with a kitchen, two laundry facilities, and manicured grounds. The units are well-maintained and ownership has implemented a refurbishment program to replace flooring, fixtures, and appliances as necessary. The property is near schools, parks, shopping, and other amenities. Sheldon Elementary School (grades K-8) is about three-quarters of a mile from the subject and Amijo High School (grades 9-12) is a little over one mile east of the site. There are several shopping centers located within walking distance of Parkside Villa Apartments on Texas Street and Beck Avenue. Target, Food Maxx, Walgreens, 99 Cents Only and CVS are all nearby, in addition to many restaurants and other retailers. About one mile from the property is Solano Town Center, a regional shopping center anchored by Macy’s, Sears, and JC Penney. Allan Witt Park, the Fairfield Aquatic center, and Fairfield-Suisun Skate Park are all located adjacent to Parkside Villa Apartments.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 44 $1,447 874
3+2 20 $1,539 1,076

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0031-181-390
Land Assessment
$3,216,605
Improvements Assessment
$14,690,008
Total Assessment
$17,906,613

zoning

Zoning Code HWT
HWT
  • Listing ID: 12514584

  • Date on Market: 5/9/2018

  • Last Updated:

  • Address: 1650 Park Ln, Fairfield, CA 94533

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