| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 41st | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1421 Range Ave, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2007 |
| Units | 107 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1421 Range Ave Santa Rosa Multifamily Investment
Neighborhood occupancy remains solid and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. Investors should view this as a stabilized location with durable tenant depth and room for selective upgrades.
The property sits in an Urban Core pocket of Santa Rosa that is competitive among metro neighborhoods (ranked 25 out of 138, A-). Amenity access is a clear advantage: grocery, restaurants, cafes, childcare, and pharmacies all score above metro medians, with several categories in the top quartile nationally. This density of daily-needs retail supports convenience-driven retention and leasing.
Multifamily fundamentals in the neighborhood point to healthy performance. Neighborhood occupancy is 95.2% and sits in the upper tier nationally, helping underpin cash flow predictability. Renter concentration at the neighborhood level is elevated (67.9% of housing units are renter-occupied), indicating depth in the tenant base and steady demand for professionally managed apartments.
Home values in the neighborhood are elevated relative to national norms and the value-to-income ratio trends high, which typically reinforces reliance on rentals and supports pricing power rather than encouraging rapid move-outs to ownership. Median asking rents in the neighborhood have risen meaningfully over five years, adding evidence of sustained demand; investors should monitor affordability pressure to manage renewals and retention.
Within a 3-mile radius, demographic statistics show near-flat population in recent years but a projected increase in both households and income through 2028, implying a larger tenant base and potential for continued lease-up stability. Average household size is easing, which can translate to consistent demand for one- and two-bedroom units. The submarket’s amenity strength offsets a noted drawback: limited proximate park acreage, which may matter for some renters and should be considered in amenity programming on site.
Safety indicators are mixed in a metro context. The neighborhood’s composite crime rank is 102 out of 138 Santa Rosa–Petaluma neighborhoods, which trails the metro median. Nationally, the area tracks around mid-tier overall, with property offense measures weaker than national norms. That said, recent trends are constructive: estimated property offenses declined by roughly a third year over year, and violent offense estimates also improved.
For investors, the key takeaway is trajectory. While current levels warrant prudent security and operational attention, the improvement trend suggests incremental normalization. Positioning the asset with visible on-site management and access control can help sustain leasing and retention relative to nearby options.
Nearby logistics employment provides commute convenience and helps support renter demand from shift-based and distribution roles referenced below.
- FedEx — logistics (5.6 miles)
Built in 2007, the asset is newer than much of the surrounding housing stock, positioning it competitively versus older properties while leaving room for modernization of common areas and building systems over the hold. Neighborhood occupancy is strong and renter concentration is high, and the local ownership market is costly relative to incomes—factors that collectively support demand stability for professionally managed units. Based on CRE market data from WDSuite, amenity access is a differentiator at this address, although limited park access and safety metrics that trail the metro median should be underwritten with appropriate operating plans.
Forward-looking demographics within a 3-mile radius indicate growth in households and incomes, which can expand the renter pool and support steady absorption. With rents rising over the past five years and ownership costs elevated, the property’s larger 2007-vintage units can serve move-up renters seeking quality finishes without the price point of new construction.
- 2007 vintage offers competitive positioning versus older stock, with selective modernization potential
- Neighborhood occupancy at 95.2% supports cash flow durability and lease stability
- Elevated home values reinforce renter reliance on multifamily, supporting pricing power
- Strong amenity access (grocery, pharmacies, childcare, dining) enhances retention
- Risks: limited nearby park space and safety metrics below metro median warrant proactive operations