| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 128 Santa Alicia Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1977 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
128 Santa Alicia Dr Rohnert Park Multifamily Investment
Neighborhood-level occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable cash flow potential for a 60-unit asset in Sonoma County.
The property sits in an Urban Core neighborhood rated A- and competitive among Santa Rosa-Petaluma neighborhoods (26 out of 138), with a dense amenity base that strengthens day-to-day livability for renters. Grocery, pharmacy, restaurant, and cafe density rank near the top of the metro, aligning with renter preferences and helping support lease retention. Limited park access is a trade-off investors should note. Average school ratings in the area are comparatively low, which may influence unit mix strategies aimed at younger households and professionals.
Neighborhood occupancy is high and has been steady, placing the area in the top quartile nationally for occupied housing. Importantly, the neighborhood’s renter-occupied share is elevated, indicating a deep tenant base and reinforcing demand for multifamily product; this refers to the neighborhood, not the property. Median home values are elevated relative to incomes (high value-to-income readings), which tends to sustain reliance on rentals and supports pricing power for well-managed assets.
Within a 3-mile radius, recent population and household growth have been positive and projections call for further increases over the next five years, implying a larger tenant base and supporting occupancy stability. Median household incomes in the 3-mile area have been rising, which can underpin rent levels, while current rent-to-income readings suggest some affordability pressure that owners should manage through renewal strategy and product positioning.
The asset’s 1977 vintage is older than the neighborhood average (1984), pointing to capital planning needs and potential value-add opportunity through targeted renovations and system upgrades. Well-executed improvements can enhance competitive positioning versus newer stock while maintaining operational efficiency.
Safety indicators are mixed when viewed against metro and national benchmarks. Overall crime levels compare modestly better than the national average (around the 60th percentile nationwide), suggesting relatively favorable conditions versus many U.S. neighborhoods.
Trend signals diverge: property offenses have declined sharply year over year and show above-metro-average improvement among 138 Santa Rosa-Petaluma neighborhoods, while violent offense trends have moved higher over the same period. Investors should evaluate recent, localized reports and lean on updated comps to calibrate operating assumptions rather than block-level conclusions.
Proximity to regional employers supports a stable renter base, with access to parcel logistics, banking, wealth management, cloud software, and utility corporate offices that broaden the commuting workforce referenced below.
- FedEx Headquarters — parcel logistics (12.9 miles)
- Wells Fargo — banking (41.3 miles) — HQ
- Ameriprise Financial — wealth management (41.4 miles)
- Salesforce.com — cloud software (41.5 miles) — HQ
- PG&E Corp. — utilities (41.6 miles) — HQ
This 60-unit, 1977-vintage asset benefits from a neighborhood with high occupancy, a strong renter-occupied housing share, and dense daily-needs amenities that support retention and leasing velocity. Elevated home values relative to incomes indicate a high-cost ownership market, which generally sustains multifamily demand and underpins long-term rent performance when operations are disciplined. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends track above national norms, reinforcing the case for steady cash flow.
Investor focus should center on targeted renovations to capture value-add upside versus newer stock, while calibrating pricing and renewals to local rent-to-income conditions. Within a 3-mile radius, recent and projected increases in households point to renter pool expansion over the next five years, supporting occupancy stability and leasing momentum.
- High neighborhood occupancy and deep renter base support stable operations
- Dense daily-needs amenities (grocery, pharmacy, restaurants, cafes) bolster retention
- 1977 vintage offers value-add potential via unit and system upgrades
- Population and household growth within 3 miles support leasing momentum
- Risks: rent-to-income pressure, mixed safety trends, and limited park access