| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 57th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1163 Hopper Ave, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1975 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1163 Hopper Ave Santa Rosa Multifamily Opportunity
Neighborhood occupancy remains firm and renter demand is supported by a high-cost ownership market, according to WDSuite s CRE market data. For investors, the area s steady leasing backdrop and strong local amenities point to durable performance potential.
This suburban pocket of Santa Rosa ranks in the top quartile among 138 metro neighborhoods, reflecting a balanced mix of livability and investment fundamentals. Neighborhood occupancy is solid and above many national benchmarks, suggesting a stable leasing environment rather than heavy turnover. The local renter-occupied share is roughly three in ten housing units, indicating a meaningful tenant base without excessive concentration, which can help support steady absorption across unit types.
Amenities skew favorable for daily convenience: restaurants and grocery options are comparatively dense for the metro, and park access is competitive. Café density is strong, which often correlates with foot traffic and service employment. Notable gaps include limited pharmacy and childcare presence in the immediate area, which may influence household-oriented demand but does not appear to undermine overall tenant interest.
Relative cost dynamics favor multifamily demand. Neighborhood rents are high versus many U.S. locations, and home values sit at the upper end for the region, reinforcing reliance on rental housing and potential pricing power for well-positioned assets. At the same time, rent-to-income measures indicate some affordability pressure, so proactive lease management and product positioning remain important for retention.
Within a 3-mile radius, recent data show essentially flat population trends but increasing family counts and higher median household incomes, with forecasts pointing to population growth and a larger household base by 2028. This implies a gradually expanding renter pool and supports occupancy stability for properties that compete on quality and convenience. These dynamics, based on commercial real estate analysis from WDSuite, suggest durable demand drivers with selective risks to watch.
Neighborhood safety indicators compare slightly better than national norms overall, with violent incidents trending down year over year and property crime also improving. In metro context, the area places around the middle of the pack among 138 Santa Rosa–Petaluma neighborhoods, signaling neither a standout safe haven nor an outlier on risk.
For underwriting, the recent downward trend in incidents is a constructive signal; however, investors should continue to monitor property-crime exposure and evaluate on-site measures (lighting, access control, and visibility) as standard risk mitigation for leasing stability.
The immediate employment base includes logistics and corporate services that support steady renter demand through commute convenience and diversified hourly and salaried roles.
- FedEx logistics & corporate offices (3.7 miles)
Built in 1975 with 42 units averaging about 600 square feet, the asset is older than the neighborhood s typical vintage. That positioning can present value-add potential through targeted renovations and systems upgrades, while the smaller average unit size can cater to renters prioritizing location and monthly cost. According to CRE market data from WDSuite, neighborhood occupancy is healthy and supported by a high-cost ownership backdrop, which tends to reinforce multifamily demand.
Local amenities are favorable for day-to-day living, and a 3-mile demographic view points to rising incomes and a projected expansion in households by 2028 a supportive setup for tenant retention and leasing. Key risks include affordability pressure as rents run high relative to incomes, and the property s age, which requires disciplined capital planning to maintain competitiveness.
- Stable neighborhood occupancy and expanding 3-mile renter pool support leasing durability
- 1975 vintage offers value-add upside via interior and systems modernization
- High-cost ownership market underpins demand for well-positioned rental product
- Amenity density (food, grocery, parks) aligns with renter convenience expectations
- Risks: affordability pressure and age-related CapEx; ongoing safety monitoring recommended