| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 29th | Poor |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1751 Dorado Ct, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1989 |
| Units | 23 |
| Transaction Date | 1988-08-02 |
| Transaction Price | $220,000 |
| Buyer | MARONA PROPERTIES INC |
| Seller | --- |
1751 Dorado Ct, Santa Rosa — 23-Unit Multifamily
Neighborhood occupancy is high and renter demand is durable for this Urban Core pocket of Santa Rosa, according to WDSuite’s CRE market data, supporting a steady leasing backdrop for a smaller 23-unit asset.
Positioned in Santa Rosa’s Urban Core, the neighborhood posts strong renter fundamentals: renter-occupied housing accounts for a large share of units (above metro median and top quartile nationally), and neighborhood occupancy is high with a rank of 20 out of 138 metro neighborhoods—competitive locally and strong by national comparison. These are neighborhood-level indicators that suggest depth of the tenant base and support for occupancy stability rather than property-specific performance.
Daily-needs access is a relative strength. Grocery density ranks 6 out of 138 metro neighborhoods (top quartile locally and high nationally), and cafes and restaurants are similarly competitive (ranks 9 and 15, both top quartile in the metro). However, limited parks, pharmacies, and childcare options in the immediate area may constrain family-oriented appeal; investors should consider this when planning amenities and positioning.
The area skews newer than much of the metro’s legacy housing stock. With an average neighborhood construction year around the mid-1970s, a 1989-vintage asset can compete well against older comparables while still warranting targeted system upgrades and common-area refreshes to sustain pricing power.
Within a 3-mile radius, demographics point to a stable to expanding renter pool. While recent population was roughly flat, households and families are projected to increase over the next five years, indicating more households entering the market and potential renter pool expansion that can support occupancy and absorption. Median household incomes have trended higher, and home values are elevated relative to many U.S. neighborhoods, which tends to reinforce reliance on multifamily rentals and can aid lease retention. Rent-to-income levels indicate some affordability pressure, so operators should balance renewal strategies with value-oriented upgrades.
Safety indicators are mixed and should be viewed in context. Overall crime ranks 108 out of 138 Santa Rosa–Petaluma neighborhoods, suggesting the area is weaker than the metro median, while sitting near the national middle (around the 47th percentile). Property crime has eased year over year, improving more than many peers (above the national median for improvement), which is constructive for operations and resident satisfaction.
Violent offense levels benchmark slightly better than the national middle (around the 56th percentile), but the most recent year showed an uptick versus the prior year. Investors should underwrite enhanced lighting, access control, and community engagement measures typical for Urban Core locations and track neighborhood trends over time rather than relying on a single-year reading.
Proximity to regional logistics employment supports working-household demand and commute convenience for renters. Notable nearby employer includes:
- FedEx Headquarters — logistics operations (4.9 miles)
This 1989-vintage, 23-unit property benefits from neighborhood-level occupancy that ranks in the top quartile among 138 metro neighborhoods and a high renter-occupied share, indicating a deep tenant base and support for leasing stability. Elevated ownership costs in the area tend to sustain multifamily demand and can help retention, while café/restaurant and grocery access add to day-to-day convenience. According to CRE market data from WDSuite, neighborhood performance metrics compare favorably to both metro and national benchmarks on occupancy, while amenity access is a relative strength.
Forward-looking demographics within a 3-mile radius point to growth in households and families, signaling a larger pool of renters over the next five years. As a late-1980s asset competing against older local stock, targeted value-add—systems modernization and unit/interior updates—can enhance rentability without overextending capital. Operators should also account for Urban Core risk factors, including mixed safety trends and measured affordability pressure when planning rents and renewals.
- High neighborhood occupancy and strong renter concentration support stable leasing
- Amenity-rich daily needs (groceries, cafes, restaurants) bolster resident convenience
- 1989 vintage offers value-add potential versus older local stock
- 3-mile household growth outlook expands the renter pool, aiding occupancy
- Risks: mixed safety readings and affordability pressure require prudent rent and OPEX management