| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 Baywood Dr, Petaluma, CA, 94954, US |
| Region / Metro | Petaluma |
| Year of Construction | 1972 |
| Units | 111 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1100 Baywood Dr Petaluma Multifamily Investment Thesis
Neighborhood occupancy is strong and home values are elevated, pointing to steady renter demand and pricing resilience, according to WDSuite’s CRE market data. The 1972, 111-unit asset sits in an Inner Suburb location where ownership costs support multifamily retention while still requiring disciplined lease management.
Located in Petaluma’s Inner Suburb, the area shows high neighborhood occupancy and durable renter demand relative to broader national trends, per commercial real estate analysis derived from WDSuite. The neighborhood is ranked 12 out of 138 metro neighborhoods for occupancy, placing it in the top quartile nationally, while the renter-occupied share of housing units is moderate (32.5%), implying a stable but not overly saturated tenant base.
Local daily needs are well served by groceries (competitive among Santa Rosa–Petaluma neighborhoods), with restaurants above the metro median. Parks, pharmacies, cafes, and childcare are thinner immediately nearby, so marketing may lean on convenient retail and highway access rather than walkable lifestyle amenities. Overall neighborhood standing is below the metro median (rank 86 of 138; C+), suggesting investors should underwrite conservatively on operations while recognizing the submarket’s occupancy strength.
Home values in the neighborhood are elevated versus national benchmarks, and value-to-income ratios are high. This ownership landscape generally supports renter reliance on multifamily housing and can aid lease retention. At the same time, a rent-to-income ratio near 0.23 indicates affordability pressure is manageable today, but operators should monitor renewal strategies to sustain occupancy stability.
Demographic statistics are aggregated within a 3-mile radius. Households have expanded while population has been essentially flat, signaling smaller average household sizes and a gradual broadening of the renter pool. Projections indicate continued increases in households and incomes over the next five years, which can translate into a larger tenant base and support for rent growth if operators maintain unit quality.
The neighborhood’s average construction year is around 1970, and the subject property was built in 1972. The vintage implies potential capital expenditure needs and value-add upside through modernization of interiors, building systems, and amenities to compete against newer stock.
Safety indicators are mixed and should be framed comparatively. Within the Santa Rosa–Petaluma metro, the neighborhood’s overall crime rank sits near the middle of the pack (rank 99 out of 138), indicating conditions roughly around the metro median. Nationally, violent offense levels are comparatively favorable (top half of neighborhoods), while property offense rates track closer to national averages.
Recent trends show improvement in violent incidents (top quintile nationally for year-over-year decline) alongside a recent uptick in estimated property offenses. Investors should calibrate security measures and insurance assumptions accordingly, and monitor local policing and community initiatives as part of ongoing asset management.
Proximity to North Bay and San Francisco employment centers supports renter demand, with access to logistics, banking, utilities, cloud software, and healthcare distribution employers that can underpin leasing and retention.
- FedEx — logistics (21.7 miles)
- Wells Fargo — banking (32.6 miles) — HQ
- Salesforce.com — cloud software (32.7 miles) — HQ
- PG&E Corp. — utilities (32.8 miles) — HQ
- McKesson — healthcare distribution (32.8 miles) — HQ
This 111-unit, 1972 asset benefits from a neighborhood with high occupancy and elevated ownership costs, supporting steady multifamily renter demand and lease retention. According to CRE market data from WDSuite, the area ranks among the metro’s best for occupancy, while the renter-occupied share remains moderate—suggesting depth without overreliance on transient demand. Elevated home values and solid incomes point to continued reliance on rentals, with current rent-to-income dynamics allowing for disciplined pricing without overextending residents.
The vintage indicates value-add potential through modernization and system upgrades to sharpen competitiveness versus newer stock. Household growth within a 3-mile radius, alongside projections for rising incomes, reinforces a larger tenant base over time. Operators should account for mixed safety signals and a neighborhood ranking below the metro median by maintaining prudent expense, security, and renewal strategies.
- High neighborhood occupancy supports stability and leasing continuity.
- Elevated ownership costs and solid incomes reinforce multifamily demand and retention.
- 1972 vintage offers clear value-add potential through interior and systems updates.
- 3-mile household growth and income gains expand the tenant base over time.
- Risk: property offense trends and below-median neighborhood rank warrant conservative underwriting and active management.