| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 76th | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 579 Vallejo St, Petaluma, CA, 94952, US |
| Region / Metro | Petaluma |
| Year of Construction | 1998 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
579 Vallejo St, Petaluma Multifamily Opportunity
Situated in an Inner Suburb pocket with strong amenities and stable neighborhood occupancy, this 40-unit asset benefits from a high-cost ownership market that supports rental demand, according to WDSuite’s CRE market data.
The immediate neighborhood ranks near the top among 138 metro neighborhoods, with an A+ overall rating and standout amenity access. Dining and daily-needs coverage are especially strong, supported by high restaurant and grocery density, placing the area in the top quartile nationally for amenity convenience. For investors, this translates to durable renter appeal and fewer concessions to drive traffic.
Neighborhood occupancy is in the mid-90s and above the national median, signaling steady leasing performance rather than speculative demand. The share of housing units that are renter-occupied in the neighborhood is elevated, indicating a deep tenant base that can support absorption and renewal velocity. Median contract rents sit high relative to national levels, but the neighborhood’s rent-to-income ratio suggests manageable affordability pressure—supportive of retention and consistent collections.
Home values are elevated for the metro and nationally, reinforcing reliance on multifamily housing and sustaining renter demand. Schools trend around the national middle, which can broaden tenant profiles without capping demand to only family-renter segments. Based on multifamily property research from WDSuite, average NOI per unit in the neighborhood tracks among the strongest locally, underscoring competitive operating fundamentals.
Within a 3-mile radius, recent years show a slight population dip alongside growth in household counts and smaller average household sizes—factors that typically expand the renter pool and support occupancy stability. Forward-looking indicators point to additional household growth with continued income gains, which can underpin rent growth while keeping an eye on lease management and pricing strategy.
Vintage matters: built in 1998, the property is newer than much of the surrounding stock (which skews earlier). That positioning supports competitive appeal versus older assets while still warranting capital planning for system updates and selective modernization to protect rent premiums.
Safety metrics sit below the national median, with property crime more elevated than violent incidents. Within the Santa Rosa–Petaluma metro, the neighborhood ranks in the lower tier among 138 neighborhoods on safety measures. That said, recent trends indicate a year-over-year decline in estimated violent incidents, suggesting some improvement in the near term.
Investors should underwrite prudent security and operations practices (lighting, access control, resident engagement) and monitor local trends, as improving safety can aid retention and reduce non-revenue downtime.
A diversified regional employment base supports renter demand, with proximity to logistics, banking, software, utilities, and healthcare distribution nodes that can drive commute convenience and leasing stability at the neighborhood level.
- FedEx Headquarters — package logistics (21.2 miles)
- Wells Fargo — banking (33.0 miles) — HQ
- Salesforce.com — software (33.2 miles) — HQ
- PG&E Corp. — utilities (33.3 miles) — HQ
- McKesson — healthcare distribution (33.3 miles) — HQ
579 Vallejo St offers a 40‑unit configuration built in 1998—newer than much of the surrounding stock—providing competitive positioning versus older assets while allowing targeted modernization to capture premiums. The neighborhood exhibits above-median occupancy and strong amenity access, and elevated home values reinforce reliance on rentals, supporting depth of demand and lease retention. According to commercial real estate analysis from WDSuite, neighborhood NOI per unit benchmarks among the stronger performers locally, aligning with sustained renter appeal.
Within a 3-mile radius, household counts have increased even as average household size declined, pointing to a larger renter pool over time. Looking forward, forecasts indicate continued household growth and income gains that can support steady pricing power, provided operators balance rent growth with retention given the area’s rent levels and evolving safety trends.
- Newer 1998 vintage versus older neighborhood stock supports competitive leasing with selective value-add potential
- Elevated neighborhood renter-occupied share and above-median occupancy support absorption and renewals
- High-cost ownership market reinforces rental demand and helps sustain pricing power
- Amenity-rich Inner Suburb location enhances livability and reduces traffic-driving concessions
- Risk: safety ranks below metro average—underwrite security/operations and monitor local trends