Fairway Village is located one mile off of Highway 680 on Alcosta Boulevard in San Ramon.  The surrounding area offers a complimentary mixture of major employment, retail and shopping venues, large parks, lakes and other recreational facilities. The property was purchased in April 2005 and was a tired asset that although in good condition, required an upgrade to enhance its curb appeal.  Bascom conducted a modest $.66M renovation of approximately $11,000/unit to improve the marketability of the property through a multi-color exterior paint scheme, landscaping enhancements, enhanced leasing office.  In addition, Bascom added a fitness center adjacent to the pool and upgraded interiors including adding washers and dryers to the townhouse units.  The property was sold in August 2005 as part of 1031 exchange.

City
San Ramon, California
Units
60
Renovation Budget
$.66M ($11,000/ unit)
Debt Partner

US Bancorp

Equity Partner

Individual Private Investors