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May 24, 2022
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MULTIFAMILY NEWS
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Fairfield, CA Multifamily Trade Comes in Just Over $200k per Unit

1/10/22

Delta Court Apartments, a 177-unit residential property in Fairfield, CA, traded hands for $37.35 mil, or $210.5k/unit. Built in 1962, the property is located at 1350 Crowley Ln, east of I-80 roughly midway between San Francisco and Sacramento.

Delta Court Apartments is comprised of 10 two story buildings totaling 102.6k sf of space on just under five acres. The rental mix includes a single-family home, studios, one- and two-bedroom floor plans, along with two non-conforming units. The property boasts two swimming pools and laundry facilities.

Otto Ozen and Brian Nakamura of The Mogharebi Group represented both parties in the transaction. We’re told the listing generated multiple offers.





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