| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
781 E Cotati Ave Rohnert Park Multifamily Investment
This 50-unit property built in 1993 benefits from strong neighborhood-level occupancy of 93.4% and elevated rental demand driven by high home values limiting ownership accessibility. The area shows solid commercial real estate analysis fundamentals with above-metro rental shares supporting tenant retention.
The property sits in an Urban Core neighborhood ranked 71st among 138 metro neighborhoods, earning a B- rating with strong amenity access. The area demonstrates exceptional grocery store density at 4.43 stores per square mile, ranking in the top quartile nationally, while restaurant density of 17.7 per square mile ranks in the 96th percentile nationwide. These amenities support tenant attraction and retention for multifamily properties.
Built in 1993, this property aligns closely with the neighborhood's average construction year of 1981, suggesting consistent building stock that may require strategic capital planning for renovations and value-add opportunities. The area maintains 36.8% of housing units as renter-occupied, ranking in the 76th percentile nationally and indicating strong rental demand fundamentals.
Demographics within a 3-mile radius show a population of approximately 54,800 with projected growth to 63,300 by 2028, representing a 15.5% increase that supports expanding renter pools. Median household income of $98,270 has grown 44% over five years, with forecasts projecting continued income growth to $144,623 by 2028. The current median rent of $2,039 reflects 38.5% growth over five years, with additional increases projected through 2028.
Home values averaging $555,512 create elevated ownership costs that sustain rental demand, with a value-to-income ratio of 6.2 ranking in the 89th percentile nationally. The neighborhood's rent-to-income ratio of 0.23 suggests manageable affordability for tenants while supporting lease retention, though investors should monitor potential affordability pressure as rents continue rising.
Safety data for this neighborhood is not currently available in the provided metrics. Investors should conduct independent due diligence on local crime trends and security considerations when evaluating this property. The neighborhood's Urban Core designation suggests typical urban density patterns that may warrant review of security measures and tenant safety protocols.
The area benefits from proximity to major corporate offices within commuting distance, supporting workforce housing demand for professional tenants.
- FedEx — logistics and shipping (13.9 miles)
- Wells Fargo — financial services (40.3 miles) — HQ
- Salesforce.com — technology (40.5 miles) — HQ
- PG&E Corp. — utilities (40.6 miles) — HQ
- McKesson — healthcare distribution (40.6 miles) — HQ
This 1993-built, 50-unit property offers stable cash flow potential with neighborhood-level occupancy of 93.4% and strong rental demand supported by elevated home values. According to CRE market data from WDSuite, the area's high grocery and restaurant density ranks in the top quartile nationally, enhancing tenant appeal. Population growth projections of 15.5% through 2028 within the 3-mile radius, combined with continued household income increases, support expanding renter pools and lease-up stability.
The property's 30-year vintage presents value-add renovation opportunities while maintaining alignment with neighborhood construction patterns. Strong rental demand fundamentals are reinforced by the area's 36.8% renter-occupied housing share, ranking in the 76th percentile nationally, and home values that limit ownership accessibility for many households.
- Stable occupancy environment with 93.4% neighborhood-level occupancy supporting cash flow consistency
- Strong population growth projections of 15.5% through 2028 expanding potential tenant base
- Value-add potential from 1993 construction year enabling strategic renovations and rent optimization
- Elevated home values sustaining rental demand by limiting ownership accessibility
- Risk consideration: Continued rent growth may create affordability pressure requiring careful lease management