Stratton

Location:

3884 1/2 Caminito Aguilar
San Diego, California

Property Management:

Fairfield Properties
(858) 278-5200

Click here to visit the Fairfield website.

Project Description:

Consists of 24 two-story garden style apartment buildings. There are 312 units -- 276 two-bedrooms and 36 three-bedrooms. Approximately 70% of the units are rented to families earning 60% or less area median income. Rent levels for the remaining units are for families earning 85% area median income.

Background & Status:

Purchased in June 2000. Property renovation of over $3 million was completed in December 2001. A limited partnership between Wakeland and Fairfield Residential. Wakeland is the managing general partner; Fairfield the co-general partner.

Financing Sources:

Tax-exempt bonds, tax credits and a loan from the San Diego Housing Commission.

Resident Services:

Resident Services include community events and a Business Center with internet access and self-paced job skill training program.