| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 76th | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 306 Mountain View Ave, Petaluma, CA, 94952, US |
| Region / Metro | Petaluma |
| Year of Construction | 1991 |
| Units | 25 |
| Transaction Date | 1988-07-08 |
| Transaction Price | $170,000 |
| Buyer | PETALUMA ECUMENICAL PROPERTIES |
| Seller | --- |
306 Mountain View Ave, Petaluma CA Multifamily Investment
Neighborhood occupancy trends and a sizable renter base point to durable leasing fundamentals, according to WDSuite s CRE market data, with elevated ownership costs in Petaluma supporting sustained renter demand.
Located in an Inner Suburb pocket of Petaluma, the neighborhood rates A+ and ranks 2nd among 138 metro neighborhoods, placing it in the top quartile locally and supported by strong amenity access (93rd percentile nationally). Dense restaurant and grocery options (both competitive at the top of the metro, 99th and 97th percentiles nationally) help sustain renter appeal and day-to-day convenience for residents.
The area s multifamily performance metrics are solid: neighborhood occupancy is above the metro median, and per-unit NOI is among the highest in the metro (ranked 3rd of 138), indicating historically strong operating potential. The neighborhood s renter-occupied share is 57.8% of housing units, signaling depth in the tenant base and support for demand stability.
For context, demographic statistics within a 3-mile radius show relatively flat population levels in recent years alongside an increase in households and smaller average household sizes. This shift typically broadens the renter pool and supports occupancy stability, while income levels remain healthy and rents have trended upward over the past five years. School ratings sit around the national midpoint, which is adequate for many renters but not a primary demand driver.
Vintage context matters: the property s 1991 construction is newer than the neighborhood s older average housing stock (1962). That provides a competitive edge versus legacy assets, though investors should still plan for targeted modernization or systems updates to maintain leasing velocity and support rent positioning.
Home values are elevated relative to incomes (high national percentile for value-to-income), reinforcing renter reliance on multifamily housing rather than ownership. Coupled with rent-to-income levels that remain manageable for many local households, this backdrop supports tenant retention and measured pricing power when supported by asset quality.
Safety indicators should be evaluated with care. Compared with 138 neighborhoods across the Santa Rosa Petaluma metro, this area s crime rank sits closer to the higher end of the spectrum, indicating relatively more reported incidents than many peers. Nationally, the neighborhood s safety profile aligns below average, with violent and property offense percentiles indicating weaker comparative safety versus neighborhoods nationwide.
Trend signals are mixed: estimates suggest violent offenses decreased year over year, while property offenses rose. For investors, this calls for pragmatic asset management from lighting, access control, and resident engagement to insurance and security budgeting to support resident experience and retention.
Regional employment access spans major corporate offices within commuting range, supporting renter demand and lease retention for workforce and professional tenants. Notable nearby employers include FedEx, Wells Fargo, Ameriprise Financial, Salesforce, and Pfizer.
- FedEx corporate offices (21.8 miles)
- Wells Fargo corporate offices (32.4 miles) HQ
- Ameriprise Financial corporate offices (32.4 miles)
- Salesforce.com corporate offices (32.5 miles) HQ
- Pfizer corporate offices (32.7 miles)
306 Mountain View Ave benefits from a high-performing neighborhood context: top-tier amenity access, above-median occupancy for the metro, and historically strong per-unit NOI among Santa Rosa Petaluma neighborhoods. The 1991 vintage is newer than much of the local housing stock, supporting competitive positioning versus older assets while leaving room for targeted value-add upgrades. Elevated home values in the area reinforce renter demand, and 3-mile demographics indicate a larger household count and smaller household sizes, which typically expand the renter pool and support occupancy stability.
Rents have moved higher in recent years and remain supported by income trends, while rent-to-income levels suggest scope for disciplined lease management rather than aggressive pushes. According to CRE market data from WDSuite, the neighborhood s renter concentration and NOI benchmarks compare favorably within the metro, but investors should underwrite prudent operating practices given mixed safety signals and maintain a focus on asset quality to sustain pricing power.
- Competitive neighborhood: top local rank with strong amenities and above-median occupancy
- 1991 construction: newer than area average, with potential for targeted modernization
- Elevated ownership costs sustain renter demand and support retention
- Household growth and smaller household sizes expand the renter pool within 3 miles
- Risk: below-average safety nationally warrants proactive operations and security budgeting