| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 45th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7359 Boris Ct, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | 2015-04-21 |
| Transaction Price | $5,075,000 |
| Buyer | WORTH 1031 LLC |
| Seller | 7359 BORIS COURT APARTMENTS LLC |
7359 Boris Ct Rohnert Park Multifamily Investment
Neighborhood occupancy around the low-90s and a high-cost ownership market point to steady renter demand, according to WDSuite’s CRE market data. For investors, this suggests durable leasing with pricing supported by ownership alternatives in Sonoma County.
Rohnert Park’s neighborhood setting offers daily convenience that supports renter retention. Restaurant density ranks competitive among Santa Rosa-Petaluma neighborhoods (39 of 138 for overall amenities; restaurants rank 10 of 138) and is top quartile nationally for both restaurants and parks, while grocery access is similarly strong relative to national peers. These features typically help stabilize occupancy by reducing resident friction on essentials and recreation.
Neighborhood occupancy is 93.4% (rank 79 of 138), indicating broadly stable utilization of housing stock. Median asking rents benchmark high versus national norms, yet rent-to-income ratios sit on the lower side nationally, suggesting manageable affordability pressure that can aid lease retention and reduce turnover risk. The area’s renter-occupied share is 36.8% (rank 45 of 138), providing a meaningful tenant base for multifamily while still competing with a sizable owner segment.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with households expanding faster than population — a pattern that typically broadens the renter pool and supports occupancy stability. Forward-looking projections within the same radius indicate additional population and household gains, which can underpin leasing velocity and renewal depth for well-positioned assets.
Elevated home values relative to national benchmarks and a high value-to-income relationship characterize a high-cost ownership market. For multifamily investors, this context often sustains reliance on rental housing and can support pricing power for quality units. Average school ratings are around the middle of the pack locally, which may temper family-driven demand but does not negate the broader renter base supported by employment and amenity access.
The property’s 1973 vintage is older than the neighborhood’s average construction year. Investors should anticipate capital planning for systems and interiors; the flip side is clear value-add potential, where targeted renovations and curb appeal upgrades can improve competitive positioning against newer stock.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety by reviewing city and county trend lines alongside property-level history and management practices, rather than relying on block-level readings that can be noisy.
When underwriting, consider how neighborhood livability features (parks, restaurants, and grocery access) and resident mix relate to leasing stability, and pair that with third-party due diligence to validate on-the-ground conditions over multiple timeframes.
Regional employment access includes logistics, banking, cloud software, utilities, and healthcare distribution, supporting a diverse commuter renter base and aiding lease retention for workforce and professional tenants.
- FedEx — logistics (13.4 miles)
- Wells Fargo — banking (40.8 miles) — HQ
- Salesforce — cloud software (41.0 miles) — HQ
- PG&E Corp. — utilities (41.1 miles) — HQ
- McKesson — healthcare distribution (41.1 miles) — HQ
7359 Boris Ct offers an investor-friendly mix of steady neighborhood occupancy, strong everyday amenities, and a renter base supported by a high-cost ownership environment. Based on CRE market data from WDSuite, the neighborhood’s rent levels compare favorably to national norms while rent-to-income levels remain relatively manageable, a combination that can support renewal rates and pricing discipline. Demographic trends aggregated within a 3-mile radius point to continued population and household growth, expanding the tenant base and supporting leasing stability.
Built in 1973, the asset likely benefits from targeted value-add: modernizing interiors, addressing aging systems, and improving common areas to compete with newer stock. With restaurants, parks, and groceries ranking well locally and nationally, location fundamentals aid day-to-day livability — a useful lever for absorption and renewals. Key underwriting considerations include capital expenditures tied to vintage and the need to compete with a sizable ownership segment in a high-cost market.
- Stable neighborhood occupancy with nationally competitive amenity access supports leasing durability
- High-cost ownership market reinforces renter reliance and pricing power for quality units
- 1973 vintage offers clear value-add potential through system and interior upgrades
- Risks: capital expenditures tied to older construction and competition from owner-occupied housing