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.