| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 60th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7450 Cristobal Rd, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1987 |
| Units | 32 |
| Transaction Date | 2024-03-20 |
| Transaction Price | $1,200,000 |
| Buyer | MICHAEL JACOBS AND ELLEN FUERST TRUST |
| Seller | GERALD HILL AND NADINE B HILL REVOCABLE |
7450 Cristobal Rd Rohnert Park Multifamily Investment
This 32-unit property built in 1987 benefits from neighborhood occupancy rates of 98.3%, ranking in the top quartile among 138 Santa Rosa-Petaluma metro neighborhoods according to WDSuite's CRE market data.
Located in an inner suburb neighborhood with a B+ rating, this Rohnert Park property sits in a market characterized by strong occupancy fundamentals and steady rental demand. The neighborhood ranks 27th of 138 metro neighborhoods for occupancy rates at 98.3%, placing it in the 91st national percentile for occupancy stability. With 47.5% of housing units renter-occupied, the area maintains a substantial rental base that supports consistent tenant demand.
The 1987 construction year aligns closely with the neighborhood average of 1989, suggesting potential value-add opportunities through strategic capital improvements and unit modernization. Median household income within a 3-mile radius reaches $98,525, with 46.3% of housing units occupied by renters. Population growth projections show a 13.8% increase expected through 2028, expanding the potential tenant base and supporting long-term occupancy stability.
Rental market dynamics reflect solid fundamentals, with median contract rents at $2,060 in the broader area and 34.2% rent growth over the past five years at the neighborhood level. Home values averaging $747,727 with 48.2% appreciation over five years create elevated ownership costs that reinforce rental demand and sustain renter reliance on multifamily housing. The rent-to-income ratio of 0.22 suggests manageable affordability for tenants while supporting lease retention.
Amenity access includes moderate restaurant density at 5.56 per square mile, ranking in the 82nd national percentile, though childcare and park amenities are limited. The neighborhood's top quartile housing ranking nationally reflects strong residential fundamentals that support investment stability in this Sonoma County submarket.
Crime metrics show favorable trends for the neighborhood, with property offense rates at 86.7 per 100,000 residents ranking 34th among 138 metro neighborhoods, placing it in the 68th national percentile. More notably, violent crime rates are substantially lower at 7.4 per 100,000 residents, ranking 20th in the metro and achieving the 74th national percentile for safety.
Recent trends indicate improving conditions, with property offense rates declining 4.8% year-over-year and violent crime dropping significantly by 47.7%, suggesting strengthening neighborhood stability. These safety fundamentals support tenant retention and can contribute to sustained occupancy rates in this inner suburb location.
The property benefits from proximity to major corporate employers, with FedEx operations nearby supporting workforce housing demand in this Sonoma County submarket.
- FedEx — logistics and distribution (13.8 miles)
- Wells Fargo — financial services (40.4 miles) — HQ
- Salesforce.com — technology (40.5 miles) — HQ
- PG&E Corp. — utilities (40.7 miles) — HQ
- McKesson — healthcare distribution (40.7 miles) — HQ
This 32-unit Rohnert Park property presents a value-add opportunity in a neighborhood demonstrating exceptional occupancy stability and favorable rental market dynamics. Built in 1987, the property offers potential for strategic capital improvements to capture upside in a market where neighborhood occupancy rates of 98.3% rank in the top quartile among Santa Rosa-Petaluma metro neighborhoods. Population growth projections of 13.8% through 2028 within a 3-mile radius support expanding renter demand, while elevated home values reinforce rental housing reliance in this Sonoma County submarket.
According to multifamily property research from WDSuite, the combination of strong occupancy fundamentals, improving safety trends with violent crime declining 47.7% year-over-year, and substantial rent growth of 34.2% over five years creates a compelling investment framework. The 885-square-foot average unit size provides competitive positioning for workforce housing, though investors should monitor the limited amenity infrastructure and assess capital expenditure requirements given the property's 1987 vintage.
- Neighborhood occupancy rates of 98.3% rank in top quartile among 138 metro neighborhoods
- Population growth of 13.8% projected through 2028 supports expanding tenant base
- Value-add potential through strategic improvements to 1987 vintage property
- Elevated home values reinforce rental demand in Sonoma County submarket
- Risk: Limited neighborhood amenities and potential capital expenditure requirements