| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Santa Alicia Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1981 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Santa Alicia Dr Rohnert Park Multifamily Investment
This 53-unit property built in 1981 sits in a neighborhood with 98.6% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates the area maintains above-average NOI performance and renter-dominated housing tenure.
Located in Rohnert Park's urban core, this neighborhood ranks in the top quartile among 138 metro neighborhoods for housing fundamentals and amenities. The area maintains exceptionally high occupancy at 98.6%, ranking 21st regionally and reaching the 92nd percentile nationally. With 78.4% of housing units renter-occupied, the neighborhood demonstrates strong rental market depth that supports consistent tenant demand.
The property's 1981 construction year aligns with the neighborhood average of 1984, positioning it within the established building stock while presenting potential value-add opportunities through strategic renovations. Demographic data aggregated within a 3-mile radius shows a stable population of approximately 57,000 residents with median household income of $97,841. Five-year projections indicate continued household growth of 39%, expanding the potential renter pool and supporting occupancy stability.
Neighborhood amenities rank in the 80th percentile nationally, with high density of grocery stores, pharmacies, and restaurants that enhance tenant retention appeal. The area's median contract rent of $1,821 reflects moderate rental pricing, though rent-to-income ratios suggest affordability considerations for lease management. Home values averaging $540,682 with elevated ownership costs help sustain rental demand by keeping households in the multifamily market rather than transitioning to ownership.
The neighborhood's crime profile shows mixed indicators that warrant monitoring. Property crime rates rank 6th among 138 metro neighborhoods, placing in the 86th percentile nationally for property crime safety. However, violent crime metrics present challenges, with recent increases noted in year-over-year trends. Overall crime performance ranks in the middle tier regionally at 59th of 138 neighborhoods.
For multifamily investors, the relatively strong property crime profile supports tenant appeal and retention considerations, while the violent crime trends may influence marketing strategies and security planning. These safety dynamics should be factored into lease-up assumptions and operational planning.
The property benefits from proximity to major corporate offices within the broader Bay Area employment corridor, providing diverse workforce housing opportunities for commuting professionals.
- FedEx — logistics and shipping (12.9 miles)
- Wells Fargo — financial services (41.3 miles) — HQ
- Ameriprise Financial — financial services (41.4 miles)
- Salesforce — technology (41.5 miles) — HQ
- PG&E Corp — utilities (41.6 miles) — HQ
This 53-unit property presents a stable cash flow opportunity anchored by exceptional neighborhood occupancy fundamentals and strong rental market dynamics. According to CRE market data from WDSuite, the area maintains 98.6% occupancy rates while ranking in the top quartile nationally for housing metrics. The 1981 construction year offers potential value-add upside through strategic capital improvements, while the neighborhood's 78.4% renter-occupied housing share demonstrates sustained multifamily demand depth.
Demographic projections within the 3-mile radius show household growth of 39% over five years, expanding the tenant base while median household incomes of $97,841 support rent collection stability. The property's location in Sonoma County provides access to Bay Area employment while maintaining more moderate rental pricing compared to core urban markets.
- Exceptional 98.6% neighborhood occupancy ranking in top quartile nationally
- Strong rental market with 78.4% renter-occupied housing units
- Value-add potential through 1981 vintage renovation opportunities
- Growing household base with 39% projected five-year expansion
- Risk consideration: Mixed safety profile requires operational monitoring