| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 51st | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7272 Camino Colegio, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1989 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7272 Camino Colegio Rohnert Park Multifamily Investment
This 120-unit property benefits from strong neighborhood occupancy rates at 95.6% and solid rental demand fundamentals, according to CRE market data from WDSuite.
The property sits within a neighborhood that ranks in the top quartile among 138 Santa Rosa-Petaluma metro neighborhoods for housing metrics, with a B- overall rating. Built in 1989, the property aligns with the neighborhood's average construction year of 1977, positioning it within established rental stock that may present value-add opportunities through targeted renovations and unit improvements.
Rental demand fundamentals appear stable with 50.1% of housing units occupied by renters, ranking 22nd among metro neighborhoods and placing in the 88th percentile nationally. The neighborhood maintains a 95.6% occupancy rate, above the 74th percentile nationally, though rates have declined modestly over five years. Contract rents average $2,078 with 30% growth over five years, suggesting pricing power despite some occupancy softening.
Within a 3-mile radius, the area serves 55,635 residents with projected population growth to 63,162 by 2028 - a 13.5% increase that supports expanding renter demand. Median household income of $98,614 is forecast to rise 47% to $145,233, while renter households are expected to grow 39% over five years. This demographic expansion strengthens the tenant base for multifamily properties.
Amenity access shows mixed results, with strong grocery store density ranking 24th metro-wide but limited cafe and park options. The neighborhood scores in the 40th percentile nationally for overall amenities. Childcare availability ranks well at 23rd among metro neighborhoods, supporting family-oriented renter retention.
Crime data for this specific neighborhood is not available in the current dataset, limiting direct safety assessments. Investors should conduct independent due diligence on local crime trends and security considerations as part of their property evaluation process.
The property benefits from proximity to major corporate employers in the broader Bay Area market, providing workforce housing opportunities for regional commuters.
- FedEx — logistics and shipping (13.7 miles)
- Wells Fargo — financial services (40.5 miles) — HQ
- Ameriprise Financial — financial services (40.5 miles)
- Salesforce.com — technology (40.6 miles) — HQ
- McKesson — healthcare services (40.8 miles) — HQ
This 120-unit property constructed in 1989 presents a solid foundation for multifamily investment in the Santa Rosa-Petaluma market. The neighborhood demonstrates strong occupancy fundamentals with 95.6% rates and substantial rental demand, supported by 50.1% renter-occupied housing that ranks in the top quartile nationally. Projected population growth of 13.5% and household income increases of 47% through 2028 indicate strengthening demand drivers for rental housing.
The property's vintage positions it for potential value-add strategies through unit renovations and property improvements. With neighborhood rents averaging $2,078 and 30% growth over five years, there appears to be pricing power in the market. However, investors should monitor the modest occupancy decline over recent years and evaluate competitive positioning within the broader rental market.
- Strong neighborhood occupancy at 95.6% with high renter concentration
- Projected 39% growth in renter households supports demand expansion
- 1989 construction year offers value-add renovation opportunities
- Risk: Recent occupancy softening requires competitive positioning assessment