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  • Other
  • Exterior
  • Kitchen
  • Living
  • Bath
  • Bedroom

1124 Union Ave, Fairfield, CA 94533

  • $2,095,000

  • bed

  • bath

  • 6,912

    Sqft ($303/Sqft)

Multi-family pending
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About 1124 Union Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 10,703 Sqft
Rental estimate
Property description
Rarely available 12-unit apartment complex with many recent upgrades located in desirable central Fairfield, CA. Highlighted by a coveted unit mix of all 2-bedroom, 1-bath units, this two-story property features dual-paned windows, individual water heaters, and individual electric meters. Comprised of two six-unit buildings situated on a street-to-street I-shaped lot, this excellent investment property has separate access from Union Ave or Washington St. Most of the efficient 2-bedroom units have been remodeled by the current ownership. Some of the recent property improvements include upgraded electrical panels, new sewer laterals, upgraded courtyard areas, and newer exterior paint. With extremely limited inventory for multi-family investment property in Fairfield over the last few years, the subject property provides an exceptional opportunity to acquire an upgraded asset in a coveted rental location. Located in central Fairfield, this apartment complex is close to Heritage Park Shopping Center, Solano Town Center, schools, restaurants and shopping. The property also provides easy access to both Interstate 80 and Hwy 12. Situated on the I-80 corridor between two of the strongest rental markets in the country, Fairfield is in an excellent position to continue benefiting from the unprecedented rent growth in Northern California. This property is located in one of the most affordable and fastest growing markets within the Bay Area.
Listed by
Listing Agent - Steven Level
Listing Office - Berkshire Hathaway
Source: BAREIS mls logo
MLS#326022185 • last updated 1 month ago
Movoto checked BAREIS for data 1 hour ago
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Overview
Cooling/AC Wall Unit(s)
Heating Wall Furnace
Levels/Style 0
SqFt 6912
SubType 5 Or More Units
Type Residential Income
Year Built 1962
MLS # 326022185
Status Pending
On Market Date 2026-03-18
Lot Size (Acres) 0.2457
Lot Size (SqFt) 10703
Interior
Laundry Other
Exterior
Foundation Concrete Perimeter, Slab
Roof Flat
# Parking Spaces 12
Parking Off Street, Uncovered
Lot Desc Cul-De-Sac, Curb(s), Shape Regular
Amenities / Utilities
Water Source Public
Sewer/ Septic Public Sewer
Location
Area Fairfield 7
County Solano
APN 0030-092-340
Multifamily Details
# of 2-BR Occupied 12
2-BR: Rent Range $1, 595 - $1, 675
# of Units 12
# of 2-Bedroom Units 12
Total # of Buildings 2
Separate Meters Electricity, Gas
Gross Rent Multiplier 8.96
Gross Scheduled Income $ 233700
Cap Rate 6.4
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  • Real Estate
  • CA
  • Solano County
  • Fairfield
  • 94533
  • 1124 Union Ave

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