| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 41st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1081 Jennings Ave, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2001-12-14 |
| Transaction Price | $350,000 |
| Buyer | GRANITE PLACE PARTNERS |
| Seller | --- |
1081 Jennings Ave Santa Rosa Multifamily Investment
Neighborhood occupancy has held in the mid-90s, according to WDSuite’s CRE market data, supporting stable leasing dynamics for a 24‑unit asset in Sonoma County.
The property’s 2002 vintage is newer than the neighborhood’s typical 1970s stock, which can offer a competitive edge versus older buildings while warranting mid‑life system planning for modernization or repositioning as needed. The surrounding neighborhood carries an A- rating and ranks 25th of 138 within the Santa Rosa–Petaluma metro, indicating performance that is competitive among Santa Rosa–Petaluma neighborhoods.
Local amenity access is a strength: cafes, restaurants, groceries, and pharmacies all index well, with amenity density placing the area in the top quartile nationally. Park access is limited within the immediate neighborhood. School ratings in this neighborhood dataset are minimal, so families may rely on specific program searches or alternative options rather than broad ratings. These context factors matter for retention and lease‑up assumptions when underwriting.
Occupancy in the neighborhood is about 95% and has been broadly stable over the last five years, while the share of renter‑occupied housing units is high, suggesting a deep tenant base for multifamily. Median contract rents and household incomes rank above metro medians, and elevated for‑sale home values relative to local incomes indicate a high‑cost ownership market—conditions that can reinforce renter reliance on multifamily housing and support pricing power with careful lease management.
Within a 3‑mile radius, demographics show households increasing alongside slightly smaller household sizes, with forecasts indicating further household growth over the next five years. This points to a larger tenant base and potential renter pool expansion, supporting occupancy stability. Based on multifamily property research from WDSuite, aligning underwriting with neighborhood‑level rent‑to‑income dynamics (roughly one‑fifth of income) can help balance demand depth with affordability pressure and retention risk.
Safety indicators are mixed. The neighborhood sits near the middle of the pack nationally overall, but within the Santa Rosa–Petaluma metro it ranks 102 out of 138, indicating crime levels that are higher than many metro peers. Property crime is comparatively elevated, though both violent and property offense estimates have eased year over year, which is a constructive trend to monitor. Investors should evaluate property‑level measures (lighting, access control, and visibility) in addition to neighborhood trends.
Proximity to logistics employment supports renter demand tied to commute convenience and workforce housing. The following nearby employer anchors the local employment base noted here.
- FedEx — logistics services (5.4 miles)
Built in 2002, this 24‑unit asset is newer than much of the neighborhood’s 1970s housing stock, positioning it well against older comparables while leaving room for targeted renovations and capital planning as systems mature. Neighborhood occupancy has trended stable around the mid‑90s and the area shows a high renter‑occupied share, indicating depth in the tenant base. Elevated home values relative to incomes underpin renter reliance on multifamily, and—per commercial real estate analysis from WDSuite—local rent levels align with roughly one‑fifth of household income, suggesting manageable affordability pressure for lease retention.
Amenity access is strong across daily‑needs retail and dining, while limited park space and middling metro safety rankings introduce considerations for property‑level security and resident experience initiatives. Within a 3‑mile radius, households are growing and average household size is edging lower, pointing to more renters entering the market and supporting occupancy stability over the medium term.
- 2002 vintage offers competitive positioning versus older local stock with value‑add and modernization upside
- Stable neighborhood occupancy near the mid‑90s and high renter concentration support demand depth
- Elevated for‑sale home values reinforce renter reliance on multifamily and pricing power with prudent lease management
- Strong access to daily‑needs amenities and dining aids retention and leasing velocity
- Risks: limited park access and higher‑than‑metro‑average crime levels warrant property‑level security focus and operating diligence