| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 45th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8040 Beverly Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1974 |
| Units | 28 |
| Transaction Date | 2013-04-05 |
| Transaction Price | $3,755,000 |
| Buyer | BHDC BEVERLY APTS LLC |
| Seller | BEVERLY GARDEN PARTNERS LLC |
8040 Beverly Dr Rohnert Park 28-Unit Investment
Neighborhood occupancy has held in the low-90s, according to WDSuite’s CRE market data, with strong access to groceries, parks, and restaurants supporting renter demand in this part of Rohnert Park.
Located in Sonoma County’s Urban Core, the neighborhood posts a B- rating and sits near the metro median (rank 71 of 138). For investors, the combination of steady neighborhood occupancy around the low-90s and a meaningful share of renter-occupied housing units (competitive among Santa Rosa–Petaluma neighborhoods at rank 45 of 138) signals a stable tenant base rather than transient demand.
Amenity access is a clear strength: grocery availability ranks 13 of 138 (top quartile in the metro and top quartile nationally), while restaurants rank 10 of 138 (also top quartile locally and strong nationally). Parks per square mile similarly test at the top of the metro (rank 12 of 138). By contrast, cafes and pharmacies are sparse within the immediate neighborhood footprint, which may modestly affect lifestyle convenience but is partly offset by the strong grocery and park presence.
Within a 3-mile radius, demographics point to a growing renter pool: population and households increased over the last five years, with further gains projected through 2028 alongside rising incomes. This expanding household base supports leasing depth and renewal prospects, while smaller average household sizes over time can favor demand for efficient units.
Ownership costs are elevated for the neighborhood relative to incomes (home values rank 126 of 138 in the metro and test in the high national percentiles), which tends to sustain reliance on rental housing and can aid pricing power. Median rents in the area have advanced over the past five years, and with a rent-to-income ratio near the low-20s, lease management should balance growth potential with affordability pressure to preserve retention.
The property’s 1974 vintage is older than the neighborhood’s average construction year (1981). Investors should plan for capital projects and consider value-add strategies that modernize interiors and building systems to strengthen competitive positioning against newer stock.
School ratings are competitive among Santa Rosa–Petaluma neighborhoods (rank 28 of 138) but roughly average nationally, which typically supports broad-based family appeal without being a primary rent driver. Overall, the local dynamics suggest durable renter demand supported by daily-needs amenities and metro-level employment access.
Comparable safety metrics for this specific neighborhood are not available in WDSuite’s current data release. Investors typically benchmark neighborhood safety trends against metro and national context when data are available, and supplement with local sources such as city reports, police department releases, and owner/manager feedback to inform underwriting assumptions.
Regional employment anchors within commuting range include logistics, banking, software, and life sciences offices, which can broaden the renter base and support retention. Notable nearby employers include FedEx, Ameriprise Financial, Wells Fargo, Salesforce, and Pfizer.
- FedEx Headquarters — parcel logistics (13.8 miles)
- Ameriprise Financial — financial services (40.4 miles)
- Wells Fargo — banking (40.4 miles) — HQ
- Salesforce.com — cloud software (40.5 miles) — HQ
- Pfizer — pharmaceuticals (40.6 miles)
The 28-unit asset at 8040 Beverly Dr benefits from a neighborhood with above-median national occupancy, strong daily-needs access, and an expanding 3-mile renter base. Elevated ownership costs relative to incomes in the neighborhood support sustained rental demand, while rent levels have grown over the past five years. The 1974 vintage suggests a clear value-add path through modernization to enhance competitiveness versus younger stock.
Based on commercial real estate analysis from WDSuite, the area’s amenity strengths (grocery, restaurants, parks) and balanced renter concentration underpin leasing stability, while household and income growth within 3 miles point to a larger tenant pool over the next several years. Prudent capital planning and affordability-aware lease management remain important to protect retention as rents continue to track higher.
- Stable neighborhood demand with national-above occupancy and a competitive renter concentration
- Strong daily-needs amenities (grocery, restaurants, parks) support leasing and renewal
- 1974 vintage offers value-add and systems modernization upside to improve positioning
- 3-mile population, household, and income growth expand the tenant base, aiding occupancy stability
- Risks: older plant and average national school ratings; manage affordability to maintain retention