| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 53rd | Poor |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 175 Lavell Village Cir, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1995 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
175 Lavell Village Cir Santa Rosa Multifamily Investment
This 22-unit property built in 1995 operates in a neighborhood with above-metro NOI performance and strong rent growth momentum. CRE market data from WDSuite indicates the area maintains competitive occupancy levels despite broader market softening.
The property sits in a suburban Santa Rosa neighborhood that ranks 56th among 138 metro neighborhoods, earning a B rating with solid fundamentals for multifamily investors. Built in 1995, this asset aligns with the neighborhood's average construction year of 1984, suggesting consistent building stock without significant capital expenditure pressures typical of much older properties.
Rental housing comprises 31% of neighborhood units, creating a stable tenant base within a 3-mile radius that includes nearly 40,000 residents. Demographics within this radius show household incomes averaging $120,257 with 42% of housing units occupied by renters. The area demonstrates resilience with NOI per unit averaging $7,266, ranking in the top quartile among metro neighborhoods and indicating strong operational performance relative to regional competitors.
Median contract rents of $1,825 have grown 31% over five years, outpacing many comparable markets while maintaining reasonable affordability with rent-to-income ratios at 0.18. Home values averaging $898,652 with 51% five-year appreciation reinforce rental demand as elevated ownership costs keep households in the rental market. Forward-looking demographics project 11% population growth and 53% household formation growth through 2028, expanding the potential tenant base and supporting occupancy stability.
The neighborhood offers moderate amenity density with restaurants at 2.25 per square mile and cafes ranking in the 75th percentile nationally. While grocery access remains limited at 0.13 stores per square mile, the area provides essential services including childcare and pharmacy access that support tenant retention and appeal to working families.
Property crime rates in the neighborhood show encouraging trends for investor consideration. Current property offense rates of 354 per 100,000 residents rank 95th among 138 metro neighborhoods, placing the area in the middle tier for property crime. More significantly, property crime has declined 61% over the past year, ranking 17th metro-wide for improvement and placing the neighborhood in the 92nd percentile nationally for crime reduction momentum.
Violent crime rates of 117 per 100,000 residents rank 132nd among metro neighborhoods, indicating higher levels relative to the region. However, violent crime has also decreased 31% year-over-year, demonstrating positive directional trends. These mixed safety metrics suggest investors should monitor local security conditions while recognizing the overall improvement trajectory in both property and violent crime categories.
The neighborhood benefits from proximity to established corporate operations that support workforce housing demand and commute convenience for tenants.
- FedEx — logistics and shipping headquarters (2.4 miles)
This 22-unit Santa Rosa property presents solid fundamentals within a neighborhood demonstrating above-average NOI performance and strong rent growth momentum. Built in 1995, the asset requires moderate capital planning typical of properties approaching 30 years, but benefits from neighborhood-level operational metrics that rank in the top quartile among 138 metro areas. According to multifamily property research from WDSuite, the area maintains competitive rental demand despite broader market challenges, with 31% rental occupancy supporting consistent tenant flow.
Forward-looking demographics within the 3-mile radius project 11% population growth and substantial household formation through 2028, expanding the renter pool and supporting occupancy stability. Median rents of $1,825 with 31% five-year growth indicate pricing power, while home values averaging $898,652 reinforce rental demand as elevated ownership costs keep households in the multifamily market. The neighborhood's B rating and improving crime trends provide additional stability factors for long-term hold strategies.
- Top quartile NOI performance among metro neighborhoods supports operational efficiency
- Strong rent growth of 31% over five years with room for continued increases
- Projected 11% population growth through 2028 expands tenant base
- High home values reinforce rental demand and tenant retention
- Risk: 1995 vintage approaching capital expenditure cycle for major systems