| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Santa Alicia Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1974 |
| Units | 49 |
| Transaction Date | 1989-11-14 |
| Transaction Price | $2,102,300 |
| Buyer | KERSCH CHRISTOPHER J TR ET AL |
| Seller | --- |
201 Santa Alicia Dr Rohnert Park Multifamily Investment
Neighborhood occupancy remains elevated with a deep renter base, supporting leasing stability for this asset, according to WDSuite’s CRE market data. Strong amenity density and a high-cost ownership landscape in Sonoma County reinforce durable renter demand at the submarket level.
Rohnert Park’s Urban Core shows investor-friendly fundamentals. Neighborhood occupancy is competitive among Santa Rosa-Petaluma neighborhoods (ranked 21 of 138) and in the top decile nationally, indicating steady leasing conditions at the neighborhood level rather than at the property. A high renter-occupied share is among the metro’s highest, pointing to a sizable tenant base and depth for multifamily absorption.
Convenience anchors the value proposition: grocery, pharmacy, cafés, and restaurants rank near the top locally, which can support retention and day-to-day livability. Limited park acreage in the immediate area suggests outdoor space is scarcer, so on-site amenities or proximity to regional recreation may matter more in marketing and renewals.
Within a 3-mile radius, population and households have grown in recent years, with forecasts calling for further household gains by 2028. This trajectory expands the local renter pool and supports occupancy stability, while childcare access in the neighborhood is also competitive, aiding family-serving unit mixes.
Ownership costs are elevated relative to incomes in the neighborhood, and median asking rents have risen over the last five years. For investors, that combination tends to sustain reliance on rental housing and can support pricing power, though rent-to-income dynamics warrant attentive lease management to mitigate retention risk.
The property’s 1974 vintage is older than the neighborhood’s average construction year (1984). That age profile often points to capital planning needs alongside potential value-add upside through unit modernization and system upgrades to remain competitive against newer stock.
Compared with neighborhoods nationwide, overall safety signals are modestly favorable, with the area sitting around the 60th percentile nationally. Relative to the metro, crime levels are around the median among 138 Santa Rosa-Petaluma neighborhoods, providing a balanced risk profile for underwriting.
Property crime indicators are in the top quartile nationally, while violent offense levels score closer to the middle of national comparisons. Recent data shows a year-over-year uptick in violent offenses, so active monitoring and standard security measures may be prudent to support tenant comfort and retention.
The regional employment base includes logistics, banking, software, utilities, and healthcare distribution nodes within a commutable radius, supporting renter demand and lease retention for workforce households.
- FedEx Headquarters — logistics (12.9 miles)
- Wells Fargo — banking (41.3 miles) — HQ
- Salesforce.com — software/cloud (41.5 miles) — HQ
- PG&E Corp. — utilities (41.6 miles) — HQ
- McKesson — healthcare distribution (41.6 miles) — HQ
201 Santa Alicia Dr offers a mid-1970s, approximately 49-unit footprint in a neighborhood with strong occupancy and one of the highest renter concentrations in the metro. Amenity density is a differentiator locally, while a high-cost ownership market in Sonoma County tends to reinforce renter reliance on multifamily housing, supporting pricing power and lease-up consistency when product is well maintained.
Based on commercial real estate analysis from WDSuite, the neighborhood’s occupancy outperforms metro medians and ranks strongly nationwide, while 3-mile population and household growth expands the tenant base through 2028. The 1974 vintage implies near- to medium-term capital planning and value-add potential via unit/interior upgrades to compete with newer stock, with affordability pressure a manageable watch item for lease management rather than a structural demand headwind.
- High neighborhood occupancy and deep renter base support leasing stability
- Amenity-rich location (grocery, pharmacy, cafés, restaurants) aids retention
- High-cost ownership context reinforces multifamily demand and pricing power
- 1974 vintage presents value-add upside with targeted renovations and systems upgrades
- Risks: limited nearby park acreage and affordability pressure require thoughtful amenity and lease strategies