| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 75th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8280 Lancaster Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1973 |
| Units | 105 |
| Transaction Date | 2018-11-09 |
| Transaction Price | $41,050,000 |
| Buyer | WSRH ROHNERT PARK LLC |
| Seller | REDWOOD INVESTMENTS ASSOCIATES |
8280 Lancaster Dr Rohnert Park Multifamily Investment
This 105-unit property built in 1973 offers value-add potential in a neighborhood ranking top 15% among 138 metro neighborhoods. Strong occupancy rates at 96.3% support rental demand stability, according to CRE market data from WDSuite.
This Rohnert Park property sits in an A-rated neighborhood ranking 20th among 138 metro neighborhoods, placing it in the top 15% for overall investment metrics. The 1973 construction year aligns closely with the neighborhood average of 1983, indicating potential for strategic capital improvements and renovation upside to capture higher rents in this established market.
Occupancy fundamentals remain strong with neighborhood-level rates at 96.3%, ranking in the 79th percentile nationally. Median contract rent of $1,859 has grown 30% over five years, while the rent-to-income ratio of 0.19 suggests manageable affordability for tenants. With 35.8% of housing units occupied by renters, the area maintains a solid rental base without oversaturation.
Demographics within a 3-mile radius show a stable tenant pool with median household income of $98,282, up 44% over five years. Population growth of 4.2% over the past five years supports expanding renter demand, while projected household growth of 41% through 2028 indicates significant expansion in the local tenant base. High home values with a median of $701,183 reinforce rental demand as elevated ownership costs keep households in the multifamily market.
The neighborhood offers strong amenity access with park density ranking 3rd among metro neighborhoods at 4.25 parks per square mile. Restaurant and cafe density performs well above metro averages, supporting tenant retention through walkable conveniences. School ratings average 3.0 out of 5, providing competitive but not premium educational access for family-oriented renters.
Safety metrics show mixed but improving trends for the neighborhood. Property crime rates rank 2nd lowest among 138 metro neighborhoods at 10.3 incidents per 100,000 residents, placing the area in the 90th percentile nationally for property crime safety. More significantly, property crime has declined 58% over the past year, indicating strengthening security conditions.
Violent crime rates are also favorable, ranking 9th lowest among metro neighborhoods and reaching the 80th percentile nationally. While violent crime showed a modest 8% decline over the past year, the overall crime profile supports tenant retention and leasing stability in this Sonoma County location.
The employment base benefits from proximity to major corporate headquarters and offices within the broader Bay Area corridor, supporting workforce housing demand for commuting professionals.
- FedEx Headquarters — logistics and shipping (14.0 miles)
- Wells Fargo — financial services (40.2 miles) — HQ
- Ameriprise Financial — financial services (40.3 miles)
- Salesforce.com — technology services (40.4 miles) — HQ
- PG&E Corp. — utilities (40.5 miles) — HQ
This 105-unit property presents a compelling value-add opportunity in a top-tier Rohnert Park neighborhood. Built in 1973, the vintage provides renovation upside potential while benefiting from strong fundamentals including 96.3% neighborhood occupancy rates and 30% rent growth over five years. Multifamily property research indicates the area's A-rating among 138 metro neighborhoods reflects consistent investment performance drivers.
Demographic projections support long-term rental demand with 41% household growth expected through 2028 and median incomes rising 44% over the past five years. High home values at $701,183 median reinforce renter reliance on multifamily housing, while strong safety metrics including top 10% property crime rankings enhance tenant retention prospects.
- Value-add potential through strategic renovations of 1973-vintage units
- Strong occupancy fundamentals at 96.3% neighborhood-level rates
- Projected 41% household growth through 2028 expanding tenant base
- Top 10% safety ranking for property crime supports retention
- Risk: Distance from major employment centers may limit tenant pool