| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 49th | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 421 Laguna Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1995 |
| Units | 88 |
| Transaction Date | 1995-07-25 |
| Transaction Price | $4,000,000 |
| Buyer | LAGUNA EWA INVESTORS |
| Seller | --- |
421 Laguna Dr, Rohnert Park Multifamily Investment
Neighborhood occupancy is above the metro median, indicating stable renter demand for well-located assets, according to CRE market data from WDSuite. Elevated home values in the area further support sustained reliance on multifamily housing.
421 Laguna Dr sits in an Inner Suburb of the Santa Rosa–Petaluma metro, where neighborhood livability trends favor renter demand. Restaurant and cafe density ranks competitive among 138 metro neighborhoods and lands in the upper national percentiles, while grocery and park access are solid. Childcare options are limited locally. Average school ratings in the neighborhood trail national norms; investors should calibrate leasing expectations accordingly for family-oriented demand.
For income and housing context, the neighborhood’s home values place it in a high-cost ownership market nationally, which typically reinforces renter reliance on multifamily housing and supports lease retention. Median contract rents in the immediate area are also elevated, so operators should balance pricing power with affordability management to sustain occupancy and renewals.
Renter-occupied housing accounts for a majority share of units in the neighborhood (renter concentration above metro median), signaling a deep tenant base for an 88-unit community. Neighborhood occupancy is above the metro median and competitive nationally, supporting a case for stable cash flow, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics indicate recent population growth and an increase in households, with forecasts pointing to additional household gains and a slight reduction in average household size. This combination suggests a larger tenant base and steady absorption potential for multifamily units over the medium term. The property’s 1995 construction is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still warranting capital planning for aging systems and potential modernization to drive rents.
Safety indicators for the neighborhood are mixed when compared nationally. Overall crime levels sit around the mid-range nationally, and property offenses have declined year over year, which is a constructive trend for operational stability. However, recent data also shows an uptick in violent offense rates over the last year. Investors should underwrite to current conditions and monitor trend direction rather than relying on any single data point.
In metro context, use neighborhood comparisons as directional rather than definitive at the block level. Trend monitoring and standard on-site security practices can help mitigate variability typical of inner suburban nodes.
The employment base combines nearby logistics and broader Bay Area corporate headquarters, supporting commuter demand and lease retention. Featured employers include FedEx, Wells Fargo, Salesforce, McKesson, and PG&E Corp.
- FedEx Headquarters — logistics and distribution offices (12.5 miles)
- Wells Fargo — banking (41.8 miles) — HQ
- Salesforce.com — software (41.9 miles) — HQ
- McKesson — healthcare distribution (42.1 miles) — HQ
- PG&E Corp. — utilities (42.1 miles) — HQ
This 88-unit community, built in 1995 with larger-than-typical average unit sizes, benefits from a renter-heavy neighborhood and an ownership landscape characterized by elevated home values. Neighborhood occupancy trends are above the metro median and competitive nationally, supporting expectations for steady leasing and renewals, according to CRE market data from WDSuite. The property’s slightly newer vintage versus the neighborhood average provides a competitive edge against older stock, with scope for targeted modernization to enhance rent positioning.
Within a 3-mile radius, recent population growth, rising household counts, and forecasts for additional household expansion point to a growing tenant base. High-cost ownership conditions reinforce multifamily demand, while elevated local rents call for attentive lease management to balance pricing power with retention. These dynamics favor stable operations with value-add potential through selective upgrades and resident experience enhancements.
- Above-metro neighborhood occupancy supports stable leasing and cash flow.
- Renter-occupied share of housing indicates deep tenant demand for an 88-unit asset.
- 1995 vintage is newer than local average, offering competitive positioning with modernization upside.
- High-cost ownership market sustains reliance on rentals, aiding retention and pricing power.
- Risks: lower school ratings, mixed safety trends, and rent affordability pressures require prudent lease and capex planning.