| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 49th | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 758 Laguna Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | 1996-12-19 |
| Transaction Price | $400,000 |
| Buyer | MUIRFIELD APARTMENTS |
| Seller | CODDING ENTERPRISES |
758 Laguna Dr Rohnert Park Multifamily Investment
Stabilized renter demand and a competitive Inner Suburb location support occupancy resilience, according to CRE market data from WDSuite. Neighborhood metrics indicate steady leasing fundamentals with room for value-add execution at the asset level.
Positioned in Rohnert Park (Santa Rosa–Petaluma metro), the neighborhood holds a B+ rating and ranks 37 out of 138 metro neighborhoods—competitive among Santa Rosa–Petaluma neighborhoods. Amenity access trends above national midpoints, with restaurants and cafes in higher national percentiles, supporting day-to-day convenience and renter appeal.
The neighborhood occupancy rate is 95.1%, and about 55.6% of housing units are renter-occupied. For investors, this indicates a deep tenant base and supports leasing stability across cycles. Median contract rents in the area sit at higher national percentiles, suggesting pricing power but also the need for thoughtful lease management.
At the property level, 1999 construction is newer than the neighborhood’s average 1989 vintage, which can enhance competitive positioning versus older stock. Investors should still plan for targeted modernization and systems updates over the hold to sustain rent premiums.
Within a 3-mile radius, population has edged up in recent years and households are projected to rise by roughly 35% by 2028, pointing to renter pool expansion and support for occupancy stability. Household incomes have trended higher, while home values in the neighborhood are elevated relative to income (high national percentile), reinforcing reliance on multifamily rentals and aiding tenant retention.
Local amenities are reasonably accessible: restaurants and cafes benchmark well nationally, with grocery and pharmacy access above average. School quality indices are lower on average, which can matter for certain segments; investors should calibrate unit mix and marketing accordingly.
Neighborhood safety signals are mixed when compared across geographies. Within the Santa Rosa–Petaluma metro, the neighborhood’s crime rank is 111 out of 138, indicating it sits in the lower tier locally. Nationally, overall crime metrics trend below the midpoint, with property incidents sitting modestly better than national median percentiles while violent incident measures track below national averages.
Recent momentum diverges by category: estimated property offenses have declined year over year, while estimated violent offenses have increased. Investors should underwrite to current local trends, consider security and lighting enhancements typical for similar assets, and monitor city-level initiatives and policing resources over time.
Proximity to logistics and Bay Area corporate headquarters broadens the employment base and supports renter demand via commute access. The nearby employers below represent logistics, banking, technology, utilities, and healthcare distribution.
- FedEx — logistics (12.4 miles)
- Wells Fargo — banking (41.9 miles) — HQ
- Salesforce.com — enterprise software (42.1 miles) — HQ
- McKesson — healthcare distribution (42.2 miles) — HQ
- PG&E Corp. — utilities (42.2 miles) — HQ
This 24-unit, 1999-vintage asset benefits from neighborhood occupancy around the mid-90s and a renter-occupied share above half of local housing units, indicating a durable tenant base. Elevated ownership costs in the neighborhood support sustained reliance on rentals, while current rent levels suggest pricing power balanced by measured affordability management. According to commercial real estate analysis from WDSuite, area rents and incomes track in higher national percentiles, reinforcing leasing stability.
Forward-looking fundamentals are constructive: within a 3-mile radius, households are projected to expand meaningfully by 2028, pointing to renter pool growth that can help sustain occupancy and support measured rent performance. The 1999 construction should remain competitive against older local stock, with targeted modernization offering value-add potential without the scope of a full repositioning.
- Competitive 1999 vintage versus older neighborhood stock, reducing near-term capex pressure
- High renter concentration and mid‑90s neighborhood occupancy support demand depth and retention
- 3‑mile household growth outlook through 2028 underpins leasing stability and rent durability
- Risks: below-median safety signals locally and lower school ratings require prudent underwriting and asset-level mitigation