| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 75th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 298 E Cotati Ave, Cotati, CA, 94931, US |
| Region / Metro | Cotati |
| Year of Construction | 1981 |
| Units | 29 |
| Transaction Date | 2022-03-15 |
| Transaction Price | $3,781,000 |
| Buyer | BHDC WINDWOOD APARTMENTS LP |
| Seller | WINDWOOD CYPRESS ASSOCIATES LP |
298 E Cotati Ave, Cotati CA Multifamily Investment
Positioned in an inner-suburban pocket with steady renter demand and above-median neighborhood occupancy, this 29-unit asset offers durable income characteristics, according to WDSuite’s CRE market data.
Cotati’s inner-suburban setting delivers day-to-day convenience that supports leasing. Cafes and restaurants rank in the top quartile among 138 Santa Rosa–Petaluma neighborhoods, while grocery access is competitive within the metro. Parks density is also top quartile, adding livability that can aid retention and reduce turnover risk.
Neighborhood occupancy trends are above the metro median, per WDSuite’s CRE market data, and the share of housing units that are renter-occupied is competitive among Santa Rosa–Petaluma neighborhoods. Together, these indicators point to a stable tenant base for workforce and lifestyle renters.
Within a 3-mile radius, recent population and household growth signal a larger tenant base ahead, with forecasts indicating further household expansion by 2028. Smaller average household sizes over time suggest more one- and two-person households entering the market, which typically supports multifamily absorption and occupancy stability.
Elevated home values (high national percentile) reflect a high-cost ownership market, reinforcing reliance on rental housing and supporting pricing power when balanced against income levels. Median household incomes are strong by national standards, and the neighborhood’s rent-to-income ratio remains investor-manageable, aiding lease retention with disciplined revenue management.
Schools benchmark near the metro’s top quartile with an average rating around mid-scale, providing a reasonable baseline for family renters. Overall, the neighborhood’s combination of amenity access, incomes, and occupancy compares favorably to metro and national commercial real estate analysis benchmarks.
Based on WDSuite’s data, the area benchmarks in the top quartile nationally for safety, comparing favorably to many U.S. neighborhoods. Property offenses show a notable year-over-year decline, and violent offense measures trend better than national norms—conditions that can support leasing consistency and resident retention.
Investors should still underwrite block-level variation typical of the North Bay, but the broader pattern indicates safety performance above metro averages and supportive of long-term operations.
Proximity to North Bay and San Francisco employment hubs supports commuter demand and leasing depth, with nearby anchors in logistics, banking, enterprise software, utilities, and healthcare distribution.
- FedEx — logistics (14.0 miles)
- Wells Fargo — banking (40.3 miles) — HQ
- Salesforce.com — enterprise software (40.4 miles) — HQ
- PG&E Corp. — utilities (40.6 miles) — HQ
- McKesson — healthcare distribution (40.6 miles) — HQ
This Cotati asset benefits from neighborhood fundamentals that are competitive within the Santa Rosa–Petaluma metro: above-median occupancy, a renter-occupied housing share that supports leasing depth, and amenity access in the top quartile for food, beverage, and parks. Elevated ownership costs relative to incomes point to sustained reliance on rental housing, which can underpin occupancy stability and measured rent growth over time.
Within a 3-mile radius, recent gains in population and households—and forecasts for further household expansion by 2028—imply a growing tenant base. Incomes benchmark well nationally while the rent-to-income ratio remains around investor-manageable levels, supporting retention. According to CRE market data from WDSuite, these dynamics position the property to compete effectively against both metro and national peer sets, provided capital plans prioritize operational quality and resident experience.
- Competitive location: above-median neighborhood occupancy with top-quartile amenity access supports leasing stability
- Demand drivers: 3-mile population and household growth expand the tenant base through 2028
- Pricing resilience: high-cost ownership market reinforces renter reliance and supports revenue management
- Income alignment: strong local incomes with an investor-manageable rent-to-income ratio aid retention
- Risks: service gaps (childcare, pharmacy) and mid-scale school ratings warrant conservative underwriting and asset-level improvements