| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 53rd | Poor |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1130 Baywood Dr, Petaluma, CA, 94954, US |
| Region / Metro | Petaluma |
| Year of Construction | 1972 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1130 Baywood Dr Petaluma Multifamily Investment
This 63-unit property built in 1972 operates in a neighborhood with 99.4% occupancy rates, ranking in the top quartile among 138 metro neighborhoods according to CRE market data from WDSuite.
The Baywood Drive property sits in an inner suburb neighborhood that demonstrates strong occupancy fundamentals, with neighborhood-level occupancy at 99.4% ranking 12th among 138 Santa Rosa-Petaluma metro neighborhoods. The area maintains a 32.5% renter-occupied unit share, providing a stable tenant base for multifamily operations.
Demographics within a 3-mile radius show a mature market with median household income of $114,097 and population stability. The area's median contract rent of $2,240 reflects strong rental demand, though rent-to-income ratios suggest affordability considerations for lease management. Five-year projections indicate modest population growth of 2.2% and household formation increasing 48%, supporting expansion of the renter pool.
The property's 1972 construction year aligns with the neighborhood average vintage of 1970, indicating potential value-add opportunities through strategic capital improvements. The area ranks in the 95th percentile nationally for grocery store density with 4.69 stores per square mile, enhancing tenant convenience and retention appeal.
Home values averaging $705,748 with strong appreciation trends reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The neighborhood's housing fundamentals rank in the 80th percentile nationally, reflecting competitive positioning within the broader Santa Rosa-Petaluma market.
The neighborhood demonstrates moderate safety metrics relative to the Santa Rosa-Petaluma metro area. Property crime rates rank 121st among 138 local neighborhoods, placing it in the 31st percentile nationally. However, violent crime trends show improvement with a 40.2% decrease over the past year, ranking in the 81st percentile nationally for crime reduction.
Current violent offense rates of 17.3 per 100,000 residents rank 48th among metro neighborhoods, indicating performance near the regional median. Property offense trends increased 20.7% year-over-year, suggesting the need for standard security considerations in property management and tenant retention strategies.
The Petaluma location provides access to major corporate employers within commuting distance, supporting workforce housing demand from both local and San Francisco Bay Area employment centers.
- FedEx — logistics and distribution (21.7 miles)
- Wells Fargo — financial services (32.6 miles) — HQ
- Ameriprise Financial — financial services (32.6 miles)
- Salesforce.com — technology services (32.7 miles) — HQ
- McKesson — healthcare distribution (32.9 miles) — HQ
This 63-unit Petaluma property offers investors exposure to a stable rental market with exceptional neighborhood-level occupancy of 99.4%, ranking in the top 10% of metro neighborhoods. The 1972 vintage presents value-add potential through strategic renovations, while the area's strong grocery store density and moderate rent-to-income ratios support tenant retention. Demographic projections show household growth of 48% over five years, expanding the potential renter base.
According to multifamily property research from WDSuite, the neighborhood's housing fundamentals rank in the 80th percentile nationally, with home values supporting continued rental demand. The property benefits from proximity to major Bay Area employment centers while offering more attainable rents than core urban markets.
- Exceptional occupancy rates at 99.4% rank top 10% among metro neighborhoods
- Value-add potential through strategic capital improvements to 1972-vintage units
- Projected 48% household growth supports expanding renter pool over five years
- Strong amenity density with 95th percentile grocery store access enhances tenant retention
- Monitor property crime trends and implement appropriate security measures for tenant satisfaction