| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 75th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1111 14th St, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1998 |
| Units | 24 |
| Transaction Date | 1998-02-05 |
| Transaction Price | $315,000 |
| Buyer | LAKE LORENE M |
| Seller | DE ANGELIS CONSTRUCTION INC |
1111 14th St, Santa Rosa CA Multifamily Investment
Neighborhood occupancy sits above the metro median with a strong renter-occupied share, supporting stable leasing dynamics; according to WDSuite’s CRE market data, fundamentals point to durable renter demand in Santa Rosa’s urban core.
Situated in Santa Rosa’s Urban Core, the property benefits from neighborhood fundamentals that are competitive among Santa Rosa-Petaluma neighborhoods (rank 15 out of 138, A rating). Neighborhood occupancy is above the metro median (rank 66 of 138), a constructive signal for minimizing downtime between turns, while the renter-occupied share is in the top quartile nationally, indicating a deeper tenant base and supportive conditions for multifamily demand.
Access to daily needs is a strength: grocery availability ranks 4 out of 138 locally and near the 97th percentile nationally, with restaurants also performing well (13 of 138; 94th percentile). Pharmacy density is similarly strong (17 of 138; 85th percentile). Park and cafe density are limited in this immediate area, which may temper certain lifestyle appeal, but core conveniences are well covered for day-to-day living.
Home values are elevated for the neighborhood (near the 94th percentile nationally) and the value-to-income ratio is in a high national percentile, signaling a high-cost ownership market. For multifamily investors, this typically sustains renter reliance on apartments, supporting retention and pricing power when managed thoughtfully. Median contract rents in the neighborhood sit above national norms (84th percentile) while the rent-to-income ratio trends near the national middle, a setup that helps manage affordability pressure and lease stability.
Within a 3-mile radius, demographics show a stable population today with a forecast increase by 2028 and a notable rise in household counts, pointing to a larger prospective tenant base over time. Income levels have trended higher and are projected to grow further, which, paired with expected rent growth, supports occupancy stability and potential revenue management. These patterns, based on CRE market data from WDSuite, align with neighborhood NOI-per-unit readings that are competitive among metro peers (rank 13 of 138; 89th percentile nationally), though outcomes will vary by asset and execution.
Vintage context matters: the neighborhood’s average construction year skews older (1953 average; rank 123 of 138), while this asset’s 1998 vintage positions it newer than much of the surrounding stock—often an advantage in attracting tenants versus older product, while still planning for mid-life system updates and selective renovations.
Safety indicators for the neighborhood trend around the national middle to slightly safer overall (approximately the 55th percentile nationally), with violent offense measures closer to the national midpoint (about the 44th percentile). Importantly, recent trends show improvement: estimated property offenses declined meaningfully year over year, and violent offense estimates also fell, according to WDSuite’s CRE market data. These are neighborhood-level signals and can vary by block and over time; investors typically assess property-specific security, lighting, and access controls during due diligence.
Proximity to regional logistics and distribution employment supports workforce housing demand and commute convenience for renters, including access to FedEx operations.
- FedEx — logistics/distribution (6.5 miles)
Built in 1998, this 24-unit asset is newer than much of the surrounding stock, offering relative competitiveness versus older properties while leaving room for targeted updates to enhance rents and retention. Neighborhood occupancy runs above the metro median and the renter-occupied share is strong, supporting demand depth and leasing stability. Elevated home values in the area reinforce renter reliance on multifamily housing, and within a 3-mile radius, population and households are projected to increase, expanding the tenant base. According to CRE market data from WDSuite, neighborhood-level rent and NOI signals track above national norms, though performance remains contingent on execution and ongoing affordability management.
Key considerations include moderating any affordability pressure as rents trend upward, addressing 1998-vintage system needs over the hold, and recognizing that amenity gaps (limited parks/cafes nearby) may require on-site features or services to support retention.
- 1998 vintage offers a competitive edge versus older neighborhood stock, with value-add via targeted modernization.
- Neighborhood occupancy above the metro median supports leasing stability and reduced downtime.
- Elevated area home values sustain renter demand, reinforcing pricing power when managed prudently.
- 3-mile demographics indicate growth in households and incomes, expanding the tenant base and supporting rent performance.
- Risks: manage affordability pressure, plan for mid-life capital items, and offset limited nearby parks/cafes with on-site offerings.