| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 420 City Center Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 2006 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
420 City Center Dr, Rohnert Park CA Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep in this Urban Core pocket of Rohnert Park, according to WDSuite’s CRE market data, supporting stable performance for well-managed assets. Metrics cited reflect neighborhood conditions, not the property itself.
Located in the Santa Rosa–Petaluma metro, the immediate neighborhood carries an A- rating and ranks 26 of 138 locally, placing it in the top quartile among metro neighborhoods. For investors, that translates into solid fundamentals and consistent renter interest rather than outsized volatility.
Daily-needs amenities are a clear strength: cafés and grocery access rank near the top of the metro (both competitive at or near the top 5 locally) and test in the upper percentiles nationally. Pharmacy availability is also high. The primary trade-off is limited park space within the neighborhood, which may require positioning amenities on-site or highlighting access to regional recreation.
Multifamily performance indicators are constructive. Neighborhood occupancy is elevated (above metro median and top decile nationally), and median contract rents have trended higher over five years, consistent with stronger Urban Core submarkets. With a renter-occupied share that is among the highest in the metro, the depth of the tenant base supports leasing velocity and renewal capture for professionally operated assets. The 2006 construction vintage positions this property newer than the neighborhood average (1984), which can enhance competitiveness versus older stock while still warranting targeted system updates or common-area refresh for positioning.
Within a 3-mile radius, demographics show modest population growth to date and increases in households, with forecasts pointing to additional population and household gains over the next five years. This suggests a larger tenant base and continued renter pool expansion, supporting occupancy stability. Home values are elevated relative to incomes (high national percentile for value-to-income), indicating a high-cost ownership market that tends to reinforce reliance on multifamily housing. At the same time, rent-to-income levels indicate some affordability pressure, which argues for disciplined lease management and amenity-value alignment.
School ratings data for the neighborhood are limited in this cut, so operators should underwrite based on broader district performance and tenant profile rather than relying on a single school-score signal.
Neighborhood safety benchmarks read slightly better than the national average overall, with composite crime measures testing around the 60th percentile nationwide. That places the area somewhat safer than many U.S. neighborhoods while still requiring standard multifamily security and lighting practices.
Within the Santa Rosa–Petaluma metro (138 neighborhoods total), the area’s crime rank sits above the metro median, reflecting comparatively favorable local positioning. Recent trend data show an improvement in estimated property offenses over the last year, while violent-offense readings ticked higher from a low base. For underwriting, this mix supports a balanced approach: lean on the positive property-crime trend and metro-relative standing, but plan for routine safety measures and community engagement to maintain stability.
The employment base spans logistics and blue-chip financial and technology headquarters within commutable distance, which supports renter demand and retention for workforce and professional households. The list below reflects the most relevant nearby employers referenced here.
- FedEx Headquarters — logistics (12.4 miles)
- Wells Fargo — financial services (41.8 miles) — HQ
- Salesforce.com — software (41.9 miles) — HQ
- PG&E Corp. — utilities (42.1 miles) — HQ
- McKesson — healthcare distribution (42.1 miles) — HQ
This 60-unit property, built in 2006, benefits from a neighborhood that ranks in the top quartile within the Santa Rosa–Petaluma metro and posts high occupancy with strong renter concentration. The vintage is newer than the neighborhood average, offering relative competitiveness versus older stock and potential to capture rent premiums with targeted upgrades. Elevated home values and a high-cost ownership landscape underpin multifamily demand, while amenity density strengthens day-to-day livability.
According to CRE market data from WDSuite, neighborhood occupancy runs above metro averages and tests in the top decile nationally, while 3-mile household growth and forecasts point to a larger tenant base ahead. Operators should match pricing to local rent-to-income dynamics and continue modest capital plans to preserve competitive standing against older stock.
- High neighborhood occupancy and deep renter base support leasing stability
- 2006 vintage offers competitive positioning with selective value-add upside
- Elevated ownership costs reinforce reliance on multifamily housing
- Risk: limited park access and affordability pressure require thoughtful amenity and lease management