| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 69th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Graylawn Ave, Petaluma, CA, 94952, US |
| Region / Metro | Petaluma |
| Year of Construction | 1984 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Graylawn Ave Petaluma Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy at the area level, according to WDSuite’s CRE market data, with an A+ neighborhood rating and a renter-occupied share in line with a stable tenant base. While property-level performance may vary, neighborhood occupancy is reported at solid levels, supporting income consistency for well-managed assets.
The property sits in an Inner Suburb location within the Santa Rosa–Petaluma metro, where the neighborhood ranks 4 out of 138 metro neighborhoods with an A+ rating — competitive among Santa Rosa–Petaluma neighborhoods and indicative of strong local livability for multifamily. Amenity access is a local strength, with grocery, dining, parks, and pharmacies performing in high national percentiles, reinforcing daily convenience that supports leasing and retention.
Construction trends skew older across the neighborhood (average 1951), and this asset’s 1984 vintage is newer than much of the nearby stock — a relative advantage for leasing competitiveness while still leaving room for targeted modernization to enhance NOI. Neighborhood rents are elevated versus many U.S. areas, and home values are high in the metro context; in practice, the high-cost ownership market (nationally high value-to-income ratio) tends to sustain reliance on multifamily housing and supports pricing power when units are well-finished and well-located.
Tenure data suggests a meaningful renter base: neighborhood-level renter-occupied share is in the upper tiers locally, which indicates depth for multifamily demand and supports occupancy stability through normal cycles. At the same time, the neighborhood rent-to-income ratio benchmarks favorably in national context, implying manageable affordability pressure that can aid lease retention and reduce turnover costs for operators.
Demographic statistics aggregated within a 3-mile radius show a modest population slip in recent years alongside an increase in household counts and smaller household sizes. For investors, that mix typically implies a stable or expanding renter pool over time, more one- and two-person households entering the market, and support for absorption of well-configured units. Forward-looking figures point to continued household growth and higher incomes, which can underpin demand for renovated product and measured rent growth based on commercial real estate analysis from WDSuite.
Safety metrics are mixed in comparative terms. Within the Santa Rosa–Petaluma metro, the neighborhood’s overall crime position ranks 114 out of 138 neighborhoods, which is weaker than the metro median and suggests investors should underwrite prudent security and lighting upgrades as part of standard operations. Nationally, the area tracks around the middle of the pack on violent offense measures, with recent data showing a year-over-year decrease in violent incidents — a constructive trend for long-term stabilization.
Property offense measures trend softer versus national benchmarks, so operators typically budget for routine loss-prevention and package management solutions. As always, block-level conditions can vary; comparative metro and national trends offer helpful context, but on-site diligence remains important to refine risk assumptions.
Regional employment anchors within commuting range include logistics, finance, software, and life sciences — a diversified base that can support renter demand and lease retention for workforce and professional households.
- FedEx — logistics (20.2 miles)
- Ameriprise Financial — financial services (34.0 miles)
- Wells Fargo — financial services (34.0 miles) — HQ
- Salesforce.com — software/CRM (34.1 miles) — HQ
- Pfizer — pharmaceuticals (34.2 miles)
This 76-unit, 1984-vintage asset offers scale in a high-performing Petaluma neighborhood where amenity access is strong and renter demand is supported by a high-cost ownership environment. Newer relative to much of the surrounding stock, the property should compete well with thoughtful upgrades targeting interiors and common areas, while household growth and smaller household sizes within a 3-mile radius point to a steady renter pipeline. According to CRE market data from WDSuite, neighborhood occupancy trends are solid and the renter-occupied share is supportive, reinforcing income stability when paired with disciplined operations.
Investor considerations include underwriting for capital planning consistent with a mid-1980s build, managing affordability pressure thoughtfully even as rent-to-income benchmarks are favorable in this area, and monitoring safety metrics that track below metro leaders. With strong local amenities and diversified regional employers, the thesis centers on durable demand, operational execution, and targeted value-add to capture retention and pricing power.
- 1984 vintage is newer than neighborhood average, offering competitive positioning with value-add potential
- Strong local amenities and A+ neighborhood rating support leasing and retention
- High-cost ownership market reinforces renter reliance and pricing power for well-finished units
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Risks: below-metro safety rankings and mid-1980s systems warrant prudent security and CapEx planning