| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 69th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 Petaluma Blvd N, Petaluma, CA, 94952, US |
| Region / Metro | Petaluma |
| Year of Construction | 2013 |
| Units | 66 |
| Transaction Date | 2008-03-14 |
| Transaction Price | $2,000,000 |
| Buyer | BURBANK HOUSING DEVELOPMENT CORP |
| Seller | GAVRILOFF MARTIN A A |
1200 Petaluma Blvd N Petaluma Multifamily Investment
Newer-vintage units in an A+ inner-suburb neighborhood with strong amenity access and a moderate renter base support durable demand, according to WDSuite’s CRE market data. Neighborhood occupancy and fundamentals point to steady leasing potential rather than outsized volatility.
Situated in Petaluma’s A+–rated inner suburb (ranked 4 out of 138 metro neighborhoods), the property benefits from a well-established environment where everyday needs are close at hand. Amenity access is a notable strength, with neighborhood measures landing in the top quartile nationally and competitive among Santa Rosa–Petaluma submarkets. Grocery, dining, parks, and pharmacies are well represented in the immediate area, reinforcing day‑to‑day convenience for residents and supporting tenant retention.
The neighborhood’s housing stock is older on average (1951), while this asset was built in 2013. That newer vintage positions the property competitively versus legacy inventory, with modern layouts and systems that can reduce near-term capital exposure; investors should still plan for routine mid‑life systems and common‑area refreshes over the hold.
Renter concentration in the neighborhood is in the upper range for the region (about two‑fifths of housing units are renter‑occupied), indicating a meaningful tenant base for multifamily product. Neighborhood occupancy is in the low‑90% range, which supports leasing stability; compared with national multifamily property research trends, this suggests steady absorption rather than rapid swings. Within a 3‑mile radius, households have risen modestly while average household size has edged down, pointing to a larger pool of smaller households—an ongoing tailwind for apartment demand.
Home values in the neighborhood are elevated relative to national norms, and the value‑to‑income profile is high. In practice, this high‑cost ownership market tends to sustain renter reliance on multifamily housing and can support pricing power for well‑maintained assets, while prudent lease management remains important where rent‑to‑income is tightening.
Safety indicators in the neighborhood track around the national middle overall, with violent‑offense measures closer to mid‑range nationally but property‑offense indicators weaker than average. Within the Santa Rosa–Petaluma metro (138 neighborhoods), crime ranks below the metro median, signaling an area where investors should underwrite routine security, lighting, and access‑control measures.
Recent trend data show improvement in violent‑offense rates year over year, while property‑offense rates have ticked up. For underwriting, this mix suggests attention to physical security and unit/parking controls, balanced by the directional improvement on violent incidents. As always, compare site‑level history and management practices to neighborhood trends when assessing risk.
Proximity to major corporate employers supports a diverse commuter tenant base and reinforces weekday occupancy. The employment draw here includes parcel logistics, banking, wealth management, and technology—drivers that can aid leasing stability for workforce and professional households.
- FedEx Headquarters — parcel logistics (20.2 miles)
- Wells Fargo — banking (34.0 miles) — HQ
- Ameriprise Financial — wealth management (34.0 miles)
- Salesforce.com — software (34.1 miles) — HQ
- PG&E Corp. — utilities (34.3 miles) — HQ
Delivered in 2013 with 66 units, this asset competes favorably against an older neighborhood base while leveraging strong amenity access and an A+ location. Neighborhood renter concentration and low‑90s occupancy support demand depth and leasing consistency. Elevated ownership costs in the area reinforce renter reliance on apartments, and within a 3‑mile radius, a slight shift toward smaller households points to continued multifamily need. According to CRE market data from WDSuite, local rent levels and incomes are broadly supportive of sustained occupancy, with value preserved through routine capital planning rather than heavy repositioning.
Key considerations include mixed safety signals—improving violent‑offense trends but softer property‑offense readings—and careful attention to ongoing operating controls. As a newer‑vintage asset approaching its second decade, investors should budget for mid‑life systems, common‑area refreshes, and targeted in‑unit updates to maintain competitive standing versus both legacy product and newer deliveries.
- 2013 construction provides competitive positioning versus older neighborhood stock
- A+ inner‑suburb location with strong amenity access supports retention
- Elevated ownership costs sustain renter demand and pricing power for well‑kept units
- Household size trending lower within 3 miles expands the renter pool over time
- Risks: below‑metro‑median safety rankings and rising property‑offense readings warrant security and asset‑management focus