| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 45th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 781 E Cotati Ave, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1993 |
| Units | 50 |
| Transaction Date | 2013-05-08 |
| Transaction Price | $604,000 |
| Buyer | TOWER 2 APARTMENTS L P |
| Seller | EAST COTATI AVENUE PARTNERS |
781 E Cotati Ave, Rohnert Park Multifamily Investment
Neighborhood occupancy trends sit near the metro midpoint yet above national medians, while elevated ownership costs sustain renter reliance, according to WDSuite’s CRE market data.
Rohnert Park’s Urban Core setting offers daily convenience and steady renter demand drivers. Restaurant and grocery access are strengths, with the neighborhood ranked competitive among 138 Santa Rosa–Petaluma neighborhoods for overall amenities and in the top quartile nationally for both restaurant and grocery density. Cafés and pharmacies are less concentrated within the immediate area, though broader city access helps fill those gaps.
Neighborhood occupancy is around the metro midpoint and above the national median, indicating generally stable demand. The renter-occupied share of housing units is 36.8% (above the metro median by rank), which supports a durable tenant base for multifamily assets without overreliance on transient demand. Median rent levels rank high nationally, while a rent-to-income profile near 0.23 suggests relatively lower affordability pressure compared with many peer markets—useful for renewal strategies and lease retention.
Schools score above the metro median by rank and sit around the national midpoint, appealing to a broad renter profile. The average construction year across the neighborhood is 1981; against that backdrop, a 1993 vintage positions the asset relatively newer than local stock, which can reduce near-term capital intensity while still offering targeted value-add through systems modernization and common-area updates.
Within a 3-mile radius, demographics show population growth over the past five years and a projected increase in both population and households through 2028, pointing to a larger tenant base and continued renter pool expansion. Household sizes are edging lower in the outlook, which can favor multifamily absorption and support occupancy stability. Elevated home values and a high value-to-income ratio at the neighborhood level indicate a high-cost ownership market—conditions that tend to sustain multifamily demand and support pricing power in stabilized assets.
Specific neighborhood crime statistics are not available in WDSuite for this location. Investors typically benchmark conditions against Rohnert Park and Sonoma County trends and incorporate third-party due diligence, property lighting, and access controls into underwriting and operations. Absent comparable rank or percentile data, safety should be evaluated through local reports, management records, and lender-required assessments.
Proximity to North Bay logistics and greater Bay Area corporate hubs supports commuter access and renter demand. The employment base includes logistics and major financial and technology headquarters within commuting range.
- FedEx — logistics (13.9 miles)
- Wells Fargo — financial services (40.3 miles) — HQ
- Salesforce — software/technology (40.5 miles) — HQ
- PG&E Corp. — utilities (40.6 miles) — HQ
- McKesson — healthcare distribution (40.6 miles) — HQ
This 50-unit, 1993-vintage asset sits in a neighborhood with mid-pack metro positioning and above-median national occupancy, with renters supported by strong local amenities and an ownership market characterized by elevated home values. Being newer than the neighborhood’s average 1981 vintage provides relative competitive positioning and potential to capture operational upside through focused renovations rather than heavy system overhauls.
Renter demand is reinforced by a substantial renter concentration and a rent-to-income profile that indicates manageable affordability pressure, aiding renewal and retention strategies. According to CRE market data from WDSuite, neighborhood-level occupancy has been generally stable near metro norms, while 3-mile demographic trends point to continued population and household growth—favorable for absorption and leasing velocity. Key watch items include modest softening in occupancy over the past five years and limited café/pharmacy density within the immediate area.
- 1993 construction is newer than local average, reducing near-term capital exposure while preserving value-add pathways.
- Elevated home values and high ownership costs sustain reliance on rental housing, supporting pricing power.
- Amenity access is strong for restaurants and groceries, aiding renter retention and livability.
- 3-mile growth in population and households expands the tenant base and supports occupancy stability.
- Risks: recent modest occupancy softening; limited café/pharmacy density; commuting distances to several major employers.