| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 63rd | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1405 Caulfield Ln, Petaluma, CA, 94954, US |
| Region / Metro | Petaluma |
| Year of Construction | 1992 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1405 Caulfield Ln Petaluma Multifamily Investment
High neighborhood occupancy and a high-cost ownership market suggest durable rental demand, according to WDSuite’s CRE market data, supporting a stable baseline for this 23-unit asset in Petaluma. The property’s 1992 vintage positions it competitively versus older local stock while still allowing for targeted upgrades.
Set in Petaluma’s Inner Suburb (neighborhood rating: B), the immediate area shows strong renter demand signals: the neighborhood’s occupancy rate ranks 22 out of 138 metro neighborhoods and sits in the 92nd percentile nationally, per commercial real estate analysis from WDSuite. While this speaks to demand depth for the neighborhood rather than the property, it supports expectations for leasing stability.
Livability is balanced. Parks are a relative strength (ranked 10 of 138; top national percentile), while cafes, groceries, and pharmacies are less dense locally. Average school ratings are above the metro median (ranked 13 of 138) with a 3.0 average, offering families reasonable options without being a singular draw.
Ownership costs are elevated (median home values in the 95th national percentile and a high value-to-income ratio), which typically sustains reliance on multifamily rentals and can support pricing power when managed against rent-to-income. The neighborhood rent-to-income ratio trends lower (national percentile 22), a constructive sign for retention and collections.
Within a 3-mile radius, demographics indicate a modest recent dip in population alongside growth in household counts, pointing to smaller household sizes and a diversified tenant base. Forecasts show population growth and further household increases, which, if realized, would expand the local renter pool and support occupancy stability, based on CRE market data from WDSuite.
Vintage context: the average neighborhood construction year is 1981, while the asset was built in 1992. That relative youth can be a competitive advantage versus older inventory, though investors should still plan for system updates and selective modernization to meet today’s renter expectations.
Safety metrics should be reviewed as part of underwriting. The neighborhood’s crime rank places it 124 out of 138 Santa Rosa–Petaluma neighborhoods, indicating higher incident levels relative to much of the metro. Nationally, overall indicators align closer to mid-pack (around the 38th–49th percentiles), suggesting conditions are below the national average but not among the most severe.
Recent year trend signals are mixed: property offense estimates are roughly mid-range, while violent offense estimates show a recent increase. These data points can be volatile at the neighborhood scale, so investors often account for lighting, access control, and community programming in operating plans and compare trends to submarket and citywide patterns over multiple years.
Regional employment access supports renter demand, with distribution and finance/tech headquarters reachable by car for commuters. The employers below represent nearby nodes that can underpin leasing and retention.
- FedEx — distribution & logistics (21.1 miles)
- Wells Fargo — banking & financial services (33.2 miles) — HQ
- Salesforce — enterprise software (33.3 miles) — HQ
- PG&E Corp. — utilities & energy services (33.4 miles) — HQ
- McKesson — healthcare distribution (33.5 miles) — HQ
1405 Caulfield Ln is a 23‑unit 1992‑vintage community in an Inner Suburb setting where the neighborhood occupancy rate trends in the top quartile nationally. This, combined with elevated ownership costs in Petaluma, points to durable renter demand and supports a thesis centered on steady leasing and measured rent growth. According to CRE market data from WDSuite, neighborhood rent-to-income levels are comparatively manageable, which can aid retention and collections.
Relative to the area’s older average vintage (1981), the asset’s 1992 construction offers competitive positioning against aging stock, while still presenting value‑add opportunities via unit modernization and systems upgrades. Within a 3‑mile radius, household counts have grown and are projected to expand further, implying a larger tenant base even as household sizes trend smaller—an alignment with the property’s modest average unit size that can capture demand from singles and downsizers. Key risks include uneven amenity density and neighborhood safety metrics that warrant active management.
- Top‑quartile neighborhood occupancy supports leasing stability
- High‑cost ownership market reinforces sustained multifamily demand
- 1992 vintage vs. older local stock enables targeted value‑add
- Growing 3‑mile household base expands the renter pool and retention potential
- Risks: thinner amenity density and below‑average safety metrics require active operations