| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 73rd | Good |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1570 Grove St, Healdsburg, CA, 95448, US |
| Region / Metro | Healdsburg |
| Year of Construction | 1999 |
| Units | 81 |
| Transaction Date | 1997-11-21 |
| Transaction Price | $1,050,000 |
| Buyer | AHA OAK GROVE LLC |
| Seller | HEALDSHURG OAK GROVE LP |
1570 Grove St, Healdsburg CA Multifamily Investment
High-cost home values in Healdsburg support sustained renter demand and pricing discipline, according to WDSuite’s CRE market data. Neighborhood-level occupancy trends are mixed, so durable performance will hinge on asset quality and tenant retention.
Healdsburg is a suburban pocket within the Santa Rosa–Petaluma metro where ownership costs are elevated relative to income, with the neighborhood’s median home values among the highest nationally. For multifamily investors, this high-cost ownership market tends to reinforce reliance on rental housing and can support rent growth and retention, especially for well-maintained assets.
At the neighborhood level, renter-occupied housing represents 32.4% of units, indicating a thinner immediate renter base; however, demographics aggregated within a 3-mile radius show a broader 40.7% renter share and a modest increase in households over the past five years. Even with slight population contraction, the combination of rising household counts and an expanding higher-income cohort points to a stable tenant pool for well-positioned properties.
Amenity density inside the immediate neighborhood is modest, with limited cafes and childcare and average grocery and park access. Investors should underwrite accordingly for on-site conveniences and resident experience, which can be differentiators in locations where walkable options are thinner.
Vintage matters here: the average neighborhood construction year skews older (1971). A 1999-built asset generally competes well against older stock, though investors should still plan for system updates and select modernization to sustain leasing momentum and limit downtime.
Neighborhood rent levels are comparatively high for the metro, and rent-to-income metrics indicate manageable affordability pressure in this location. Forward-looking household growth within 3 miles and a deep professional-income profile support occupancy stability, while metro-wide dynamics suggest steady, albeit selective, demand for quality units based on multifamily property research from WDSuite.
Safety indicators compare favorably to many areas nationwide, with overall crime positioning closer to the safer side of the spectrum. Year over year, property offenses in the neighborhood declined by roughly 60%, and violent offense estimates also moved lower, suggesting recent momentum in the right direction. These are neighborhood-level signals and may not reflect conditions at any specific block or property.
Within the Santa Rosa–Petaluma metro’s 138 neighborhoods, recent trends indicate competitive safety positioning versus peers, while national percentiles point to above-average safety compared with neighborhoods across the country. Investors should still incorporate standard risk management and on-site security practices in underwriting and operations.
Proximity to regional logistics provides a steady employment base that can support leasing and retention for workforce and professional households nearby. The following employer anchors reflect accessible commutes from the neighborhood.
- FedEx Headquarters — logistics (9.3 miles)
Built in 1999 with 81 units, the property offers scale and a more contemporary vintage than much of the surrounding housing stock, supporting competitive positioning versus older assets. High ownership costs in Healdsburg bolster rental demand, and household growth within a 3-mile radius expands the prospective renter pool even as overall population trends flatten. According to commercial real estate analysis from WDSuite, neighborhood rent levels and rent-to-income dynamics point to pricing power for quality assets, while investors should plan for standard mid-life capital items.
Key considerations include a thinner immediate renter concentration at the neighborhood level and modest amenity density, which place a premium on on-site features and asset management. With targeted updates and strong operations, the asset can lean into regional income strength to drive occupancy stability and renewal capture.
- 1999 vintage competes well against older neighborhood stock; plan selective system upgrades
- High-cost ownership market supports renter reliance and potential pricing power
- Expanding household counts within 3 miles enlarge the tenant base and support occupancy
- Risk: thinner neighborhood renter concentration and modest amenity density require strong on-site offering