| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 51st | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 914 Joanne Ct, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1977 |
| Units | 44 |
| Transaction Date | 2005-12-28 |
| Transaction Price | $5,675,000 |
| Buyer | PEPPER TREE APARTMENTS |
| Seller | SONOMA INVESTORS LTD |
914 Joanne Ct, Rohnert Park Multifamily Investment
Neighborhood occupancy is in the mid-90s, supporting steady renter demand in Rohnert Park according to WDSuite’s CRE market data.
Positioned in Rohnert Park’s Urban Core, the neighborhood carries a B- rating and posts occupancy around 95%, which is above metro median among 138 Santa Rosa–Petaluma neighborhoods. Median contract rents have trended higher over five years while rent-to-income sits on the lower end nationally, indicating manageable affordability pressure that can aid retention and lease stability.
Amenity access is mixed: grocery availability ranks competitive among the 138 metro neighborhoods, and childcare density is similarly strong, while parks, pharmacies, and cafes are limited within the immediate area. For investors, this combination points to everyday convenience for residents with some lifestyle amenity gaps that may modestly influence leasing preferences.
Home values sit in a high national percentile and the value-to-income ratio is elevated, reflecting a high-cost ownership market in Sonoma County. That context typically sustains renter reliance on multifamily housing, reinforcing depth of the tenant base and supporting occupancy stability.
Tenure data show a renter-occupied share near one-half of housing units, signaling a sizable renter pool. Demographic indicators aggregated within a 3-mile radius show recent population and household growth with projections pointing to continued expansion, which can support demand for rental units and reduce volatility through the cycle.
Neighborhood-level safety metrics are not available in the current WDSuite release for this location. Investors typically benchmark reported trends against metro and national indices when data are updated to understand whether conditions align with the broader Santa Rosa–Petaluma area or diverge materially.
The employment base spans logistics, finance, software, energy, and healthcare administration, supporting commuter access and renter demand for workforce housing. Nearby anchors include FedEx, Wells Fargo, Salesforce, PG&E Corp., and McKesson.
- FedEx Headquarters — parcel logistics (12.9 miles)
- Wells Fargo — banking (41.3 miles) — HQ
- Salesforce.com — enterprise software (41.4 miles) — HQ
- PG&E Corp. — energy utility (41.5 miles) — HQ
- McKesson — pharmaceutical distribution (41.6 miles) — HQ
This 44-unit asset benefits from a neighborhood with above-median occupancy and a renter-occupied share near half of housing units, indicating depth in the tenant base. Elevated ownership costs in Sonoma County, coupled with competitive neighborhood NOI per unit, suggest durable rental demand and potential for stable cash flow; based on CRE market data from WDSuite, the area’s rent-to-income dynamics point to moderated affordability pressure that can support retention.
Amenities skew toward daily needs (groceries, childcare) rather than parks and cafes, and local school ratings are lower, which may require balanced leasing strategies. Still, 3-mile demographic trends show growing population and households with projections indicating continued renter pool expansion, underpinning long-term absorption potential.
- Above-median neighborhood occupancy supports leasing stability versus metro peers.
- High-cost ownership market reinforces reliance on rentals and depth of demand.
- Competitive neighborhood NOI per unit and manageable rent-to-income support cash flow durability.
- 3-mile population and household growth bolster the future renter pool.
- Risks: limited parks/cafes and lower school ratings may affect certain renter segments.