| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 186 Avram Ave, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1973 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
186 Avram Ave Rohnert Park Multifamily Investment
Near-full neighborhood occupancy and a high renter concentration point to durable tenant demand around 186 Avram Ave, according to WDSuite’s CRE market data. The submarket’s fundamentals favor steady leasing with potential value-add upside from an older 1970s asset profile.
Rated A- among Santa Rosa–Petaluma neighborhoods, this Urban Core location shows tight conditions: the neighborhood’s occupancy is strong (ranked 21 out of 138 locally and in the 92nd percentile nationally), supporting stable cash flow potential versus broader metro trends. Median contract rents in the neighborhood have risen over the past five years, while the rent-to-income ratio reads comparatively manageable, which can support retention even as owners test measured pricing.
Amenity access is a clear strength for multifamily. Grocery and pharmacy density ranks among the best in the metro (3rd and 2nd out of 138), with national percentiles around the high-90s, and restaurants and cafes are similarly abundant. These location advantages help sustain renter demand and day-to-day convenience, even with limited park coverage in the immediate area.
Renter-occupied share in the neighborhood is high, at 78.4% of housing units (ranked 4 out of 138), indicating a deep tenant base for multifamily assets and underpinning occupancy stability through different market cycles. Home values sit in a high-cost ownership context (national 86th percentile for values and a value-to-income ratio in the 93rd percentile), which tends to reinforce reliance on rental housing and can support leasing velocity and pricing power.
Within a 3-mile radius, population and households have grown in recent years, and forecasts point to continued population and household growth through 2028. This expected renter pool expansion supports the case for sustained absorption. Household sizes are edging smaller in projections, which can favor demand for well-designed multifamily units across a range of floor plans.
The property’s 1973 vintage is older than the neighborhood’s average construction year (1984). For investors, that typically translates to capital planning needs in systems and interiors, but it also opens the door to targeted renovations that can position the asset competitively against newer stock while aiming to capture the area’s robust occupancy.
Neighborhood safety benchmarks are comparatively favorable versus national norms, with overall crime measures around the 60th percentile nationally and above the metro median (ranked 59 out of 138 Santa Rosa–Petaluma neighborhoods). This suggests conditions that are competitive within the region from a risk-management standpoint.
Recent trends are mixed: property offense estimates improved notably year over year (in a stronger national percentile and showing a meaningful decline), while violent offense indicators show some volatility with a recent uptick. Investors should underwrite prudent security measures and monitor trendlines, recognizing that safety conditions can vary by block and evolve over time.
The location draws on a diversified employment base that supports renter demand, from parcel logistics to finance and technology. Nearby employers include FedEx, Wells Fargo, Ameriprise Financial, Salesforce, and PG&E.
- FedEx Headquarters — parcel logistics (12.9 miles)
- Wells Fargo — financial services (41.4 miles) — HQ
- Ameriprise Financial — financial services (41.4 miles)
- Salesforce.com — software & cloud (41.5 miles) — HQ
- PG&E Corp. — utilities (41.7 miles) — HQ
The investment case centers on durable renter demand and tight neighborhood conditions. According to CRE market data from WDSuite, neighborhood occupancy sits above metro medians and in a high national percentile, while a substantial share of housing units are renter-occupied—both supportive of steady leasing and retention. Elevated ownership costs locally help sustain reliance on rental housing, and amenity density enhances daily convenience that renters value.
Built in 1973, the asset is older than the neighborhood average, signaling the need for targeted capital improvements but also offering value-add potential to capture rent premiums versus dated peers. With population and household growth projected within a 3-mile radius, the tenant base is set to expand, which can support occupancy stability and measured rent growth under disciplined operations.
- Tight neighborhood occupancy and high renter concentration support stable leasing
- Amenity-rich Urban Core setting underpins demand and retention
- High-cost ownership market reinforces multifamily reliance and pricing power
- 1973 vintage offers value-add and repositioning potential with planned capex
- Risks: aging systems, safety trend variability, and sensitivity to rent affordability require active management