| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 181 Avram Ave, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1978 |
| Units | 40 |
| Transaction Date | 2018-11-09 |
| Transaction Price | $41,050,000 |
| Buyer | WSRH ROHNERT PARK LLC |
| Seller | REDWOOD INVESTMENTS ASSOCIATES |
181 Avram Ave, Rohnert Park, CA Multifamily Opportunity
Stabilized renter demand and strong neighborhood occupancy support consistent operations, according to WDSuite’s CRE market data. Investor focus centers on durable fundamentals in a high-cost ownership market that tends to reinforce multifamily retention.
Located in Rohnert Park’s Urban Core within the Santa Rosa–Petaluma metro, the property benefits from concentrated daily needs and dining amenities. Grocery and pharmacy access rank competitively among 138 metro neighborhoods and compare well versus national norms (both in the high-90s percentiles), while restaurants and cafes are also dense, supporting lifestyle convenience that helps leasing velocity. Park access is limited within the neighborhood, which may reduce recreation optionality but can be offset by private or nearby community amenities.
Neighborhood operations are anchored by a 98.6% occupancy rate, above most metro peers (ranked 21 of 138; 92nd percentile nationally), according to WDSuite. Renter-occupied housing concentration is high at 78.4% (ranked 4 of 138; 99th percentile nationally), indicating a deep tenant base and reinforcing demand for multifamily units. Median contract rents in the neighborhood have risen roughly 40% over five years, signaling pricing power but also the need for disciplined lease management.
Within a 3-mile radius, population and household counts have grown in recent years, and projections indicate further renter pool expansion through the next five years, which supports occupancy stability and absorption. Income levels in the 3-mile area skew higher and have been rising, adding depth to the qualified renter base; these dynamics align with investor expectations gleaned from multifamily property research, while still requiring attention to affordability.
Ownership costs in the neighborhood are elevated (median home values compare in the mid-80s national percentile and value-to-income ratios are high), which tends to sustain reliance on rental housing and can aid lease retention. With an average neighborhood construction year around 1984 and the subject’s 1978 vintage, investors should underwrite ongoing capital needs and potential value-add positioning to stay competitive against newer stock.
Safety indicators compare somewhat favorably to national norms overall (around the 60th percentile nationally), based on WDSuite’s data for the neighborhood. Property offense levels have trended down meaningfully year over year, and current readings compare well nationally (mid-80s percentile), which can support resident retention and steady operations.
At the same time, recent violent offense trends have been volatile, so prudent risk management is warranted. Investors should review updated local reports and monitor trend direction as part of ongoing asset management rather than relying on any single year snapshot.
Regional employment is diversified across logistics and San Francisco–based corporate offices, supporting commuter demand and lease retention for workforce and professional tenants. The employers below reflect nearby logistics and major corporate headquarters that underpin the broader renter base.
- FedEx Headquarters — logistics (12.9 miles)
- Wells Fargo — banking (41.4 miles) — HQ
- Ameriprise Financial — financial services (41.4 miles)
- Salesforce.com — software (41.5 miles) — HQ
- Pfizer — pharmaceuticals (41.6 miles)
- PG&E Corp. — energy utility (41.7 miles) — HQ
- McKesson — healthcare distribution (41.7 miles) — HQ
- McKesson Ventures — healthcare investment (41.7 miles)
- AIG — insurance (41.7 miles)
- Charles Schwab — financial services (41.8 miles)
181 Avram Ave is a 40-unit, 1978-vintage asset positioned in a high-demand renter neighborhood where occupancy remains elevated and the renter-occupied share is substantial. According to CRE market data from WDSuite, neighborhood operations benefit from strong amenity access, a high-cost ownership landscape, and a growing 3-mile renter base, which together support leasing stability. The 1978 construction suggests ongoing capital planning and selective renovations can enhance competitiveness versus newer stock.
For investors underwriting mid-term value creation, a combination of deep renter demand, rising incomes in the surrounding 3-mile radius, and neighborhood rent growth trends indicate potential to sustain occupancy while optimizing revenue through measured upgrades. Risk considerations include affordability pressure and monitoring recent safety trend volatility, balanced by improving property offense readings and durable employer depth across the broader Bay Area.
- Strong neighborhood occupancy and high renter-occupied share support leasing stability.
- Elevated ownership costs in the area reinforce reliance on multifamily housing and potential retention.
- 1978 vintage offers value-add potential with targeted renovations and capital planning.
- 3-mile demographic growth and rising incomes expand the qualified renter pool.
- Risks: affordability pressure and recent safety trend volatility warrant proactive lease and risk management.