| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Poor |
| Demographics | 73rd | Good |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1671 Canyon Run, Healdsburg, CA, 95448, US |
| Region / Metro | Healdsburg |
| Year of Construction | 2000 |
| Units | 51 |
| Transaction Date | 2021-04-20 |
| Transaction Price | $11,000,000 |
| Buyer | MONTE VINA LP |
| Seller | HEALDSBURG FAMILY APARTMENTS INVR LP |
1671 Canyon Run Healdsburg Multifamily Investment
Positioned in a high-cost ownership pocket of Healdsburg, this 51-unit asset benefits from steady renter demand supported by elevated neighborhood home values and strong incomes, according to WDSuite’s CRE market data.
Healdsburg’s suburban neighborhood context carries a C+ rating and ranks 83 of 138 metro neighborhoods, signaling performance below the metro median but with clear demand drivers for rentals. Elevated ownership costs (home values in the 97th percentile nationally) and a renter-occupied share of housing units at 32.4% indicate a meaningful tenant base relative to similarly priced ownership markets. Rents index high versus national peers (upper percentiles), supporting achievable pricing while requiring disciplined lease management to sustain occupancy.
The property’s 2000 vintage is newer than the neighborhood’s average construction year of 1971. That positioning typically improves competitiveness versus older local stock, while investors should still plan for selective modernization of systems and finishes to maintain rentability over a longer hold.
Local amenities are mixed: restaurants and parks are present but not dense, while cafes, childcare, and pharmacies are limited relative to metro peers. These dynamics point to quieter residential appeal rather than lifestyle-driven walkability, which can align with stable tenancy but may temper rent premiums tied to amenity convenience.
Within a 3-mile radius, the population edged down modestly over the last five years, while household counts increased and are projected to grow further, suggesting smaller household sizes and a near-term expansion of the renter pool. Median and mean household incomes have risen and are forecast to continue increasing, reinforcing purchasing power that can support rent growth. In this context, multifamily property research framed by WDSuite’s data indicates demand resilience driven more by income strength and ownership costs than by amenity density.
Safety trends are comparatively favorable for the region: this neighborhood ranks 46 out of 138 within the Santa Rosa–Petaluma metro, which is competitive among metro neighborhoods, and it sits around the 63rd percentile for safety nationally. Recent data also show notable year-over-year declines in both property and violent offense rates, indicating an improving trajectory rather than a one-off reading.
Investors should view these signals as supportive of lease retention and marketing, while continuing routine diligence on submarket and street-level patterns over time.
Proximity to logistics employment provides commute convenience that can support workforce renter demand, with accessible access to a major parcel carrier.
- FedEx — logistics (9.3 miles)
This 51-unit, 2000-vintage asset in Healdsburg competes against an older neighborhood housing stock, leveraging a high-cost ownership environment and solid income levels to support ongoing renter demand. While neighborhood occupancy runs softer than many metro peers, pricing power is aided by elevated home values and an expanding household base within 3 miles, which points to a larger tenant pool and supports occupancy stability over time. Based on commercial real estate analysis from WDSuite, the submarket shows improving safety trends and rent positioning that remains strong versus national benchmarks.
Forward-looking demographics show rising incomes and growth in households even as population trends are flat to slightly negative, implying smaller household sizes and continued reliance on rental options. Execution focus should remain on targeted upgrades to keep the 2000 construction competitive, disciplined leasing to manage seasonality, and marketing to households priced out of ownership.
- Newer 2000 vintage relative to local stock supports competitive positioning with moderate capex for modernization
- High-cost ownership market sustains rental demand and pricing leverage versus national peers
- Within 3 miles, rising household counts and incomes expand the renter pool and support lease-up/renewals
- Improving safety metrics enhance marketing and tenant retention prospects
- Risks: softer neighborhood occupancy and limited amenity density require disciplined leasing and asset management