| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 41st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1080 Jennings Ave, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2007 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1080 Jennings Ave Santa Rosa Multifamily Investment
This 55-unit property built in 2007 sits in a neighborhood ranking top quartile nationally for housing fundamentals, with strong rental demand indicated by 67.9% renter occupancy according to CRE market data from WDSuite.
Located in Santa Rosa's urban core, this neighborhood ranks 25th among 138 metro neighborhoods with an A- rating. The area demonstrates strong rental fundamentals with 67.9% of housing units renter-occupied, ranking 6th regionally and placing in the 96th national percentile. Neighborhood-level occupancy remains stable at 95.2%, though slightly below the 73rd national percentile.
Demographics within a 3-mile radius show a mature rental market with 113,000 residents and median household income of $91,866. The area benefits from high amenity density, ranking in the top quartile nationally for grocery stores, childcare facilities, and restaurants per square mile. Contract rents average $1,614, with modest 5-year growth of 43.4%, while home values at $656,764 median create ownership cost barriers that reinforce rental demand.
The 2007 construction year aligns with neighborhood averages, positioning the property competitively without immediate capital expenditure pressures typical of older vintage assets. Projected household growth of 41.7% through 2028 and median income increases to $131,473 support expanding renter demand, though investors should monitor the area's limited park amenities which rank last among metro neighborhoods.
Crime metrics present a mixed profile for investor consideration. The neighborhood ranks 102nd of 138 metro neighborhoods for overall crime, placing at the 50th national percentile. Property crime rates of 1,370 per 100,000 residents rank 130th regionally (17th national percentile), though this represents a 32.9% year-over-year improvement trending in a positive direction.
Violent crime rates are more favorable at 64 incidents per 100,000 residents, ranking 120th regionally but achieving the 39th national percentile. Both violent and property crime rates showed declines over the past year, with violent offenses down 18.4%. Investors should factor these safety metrics into tenant retention and leasing velocity considerations while noting the improving trend trajectory.
The local employment base provides workforce housing demand supported by corporate presence in the broader region.
- FedEx — logistics and shipping headquarters (5.5 miles) — HQ
This 55-unit Santa Rosa property offers exposure to a high-density rental market with 67.9% renter occupancy that ranks in the 96th national percentile. The 2007 vintage provides competitive positioning without immediate capital needs, while projected household growth of 41.7% through 2028 and median income increases to $131,473 support tenant demand expansion. Home values at $656,764 median create ownership cost barriers that sustain rental market participation.
Commercial real estate analysis from WDSuite indicates neighborhood-level NOI averaging $10,251 per unit, ranking 17th regionally and 81st percentile nationally. However, investors should consider crime metrics that rank below metro median and limited park amenities when evaluating tenant retention and competitive positioning against newer developments in safer submarkets.
- Top-quartile rental demand with 67.9% renter occupancy
- 2007 construction provides competitive vintage without immediate capital needs
- Projected 41.7% household growth through 2028 supports tenant base expansion
- High ownership costs at $656,764 median home value sustain rental demand
- Risk consideration: Crime metrics rank below metro median requiring tenant retention focus