| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 56th | Fair |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 141 Healdsburg Ave, Cloverdale, CA, 95425, US |
| Region / Metro | Cloverdale |
| Year of Construction | 1990 |
| Units | 28 |
| Transaction Date | 2005-03-01 |
| Transaction Price | $4,520,000 |
| Buyer | DIVINE SENIOR APARTMENTS ASSOCIATES |
| Seller | DIVINE INSPIRATION APARTMENT ASSOCIATES |
141 Healdsburg Ave Cloverdale Multifamily Investment
This 28-unit property built in 1990 sits in a neighborhood with strong occupancy fundamentals, as neighborhood-level occupancy rates reach 97.3% according to CRE market data from WDSuite.
The Cloverdale neighborhood demonstrates solid rental market fundamentals within the Santa Rosa-Petaluma metro, ranking in the top quartile nationally for occupancy stability at 97.3%. Demographics within a 3-mile radius show a growing population base with household income increases of 55.4% over five years, reaching a median of $99,975, supporting rental demand in this suburban setting.
Built in 1990, this property aligns with the neighborhood's average construction year of 1966, positioning it as newer stock that may require less immediate capital expenditure compared to older area buildings. The local rental market shows 43.2% of housing units are renter-occupied, ranking in the 83rd percentile nationally, indicating strong rental demand dynamics.
Median contract rents in the neighborhood sit at $963, though this reflects neighborhood-level data rather than property-specific pricing. The area shows resilience with occupancy rates improving 4.8% over five years, while home values have increased 66.8% to a median of $616,828, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Amenity access remains moderate, with grocery stores and cafes providing basic tenant convenience. The neighborhood earned a B- rating with above-average performance in housing metrics, though amenity density ranks in the middle tier among 138 metro neighborhoods.
Safety data for this specific neighborhood is not currently available in the provided market analysis. Investors should conduct independent due diligence on local crime trends and consider engaging with local law enforcement or security professionals to assess safety conditions that may impact tenant retention and property operations.
The employment base in the broader region includes corporate headquarters that provide workforce stability for the rental market.
- FedEx — logistics and shipping headquarters (23.1 miles)
This 28-unit property benefits from neighborhood-level occupancy stability at 97.3%, ranking in the top quartile nationally and demonstrating consistent rental demand in the Santa Rosa-Petaluma market. The 1990 construction year positions the asset as newer than the neighborhood average, potentially reducing near-term capital expenditure needs while maintaining competitive positioning.
Demographics within a 3-mile radius show population growth of 20.5% over five years with household income increases of 55.4%, expanding the renter pool and supporting occupancy fundamentals. Projected household growth of 38.9% through 2028 suggests continued demand for multifamily housing, while elevated home values at $616,828 median reinforce rental market participation as ownership costs remain elevated.
- Strong occupancy fundamentals with 97.3% neighborhood-level rates
- 1990 construction reduces immediate capital expenditure risk
- Growing household base with 38.9% projected growth through 2028
- Risk consideration: Limited major employment anchors within immediate proximity