| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 23rd | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1909 Lazzini Ave, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1992 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1909 Lazzini Ave Santa Rosa Multifamily Investment
Neighborhood fundamentals point to durable renter demand and tight occupancy, according to WDSuite’s CRE market data, with renter-occupied housing near half of units in the immediate area. For investors, this suggests steady leasing conditions with room to manage rents alongside income growth.
Located in Santa Rosa’s Urban Core, the property benefits from a renter-occupied housing share around half of neighborhood units, which supports a deeper tenant base and steadier leasing. Neighborhood occupancy is strong at roughly 98%, placing it above the metro median among 138 Santa Rosa–Petaluma neighborhoods, based on CRE market data from WDSuite.
Daily-needs access is a relative strength: grocery availability is competitive within the metro (ranked better than many of the 138 neighborhoods), while dining, cafes, parks, and pharmacies are limited locally. For leasing and retention, this mix points to convenience for essentials but fewer walkable lifestyle amenities, which may require positioning toward value, parking, and in-unit features.
Within a 3-mile radius, population and households have grown in recent years, and forecasts indicate additional population growth and a notable increase in households by 2028. This trajectory implies a larger tenant base and supports occupancy stability for multifamily. Median household incomes have risen, and projected gains further reinforce demand for well-managed rental product.
Ownership costs are elevated locally (home values sit in a high national percentile, and the value-to-income ratio is among the higher readings nationwide). That context tends to sustain reliance on rental housing and can aid lease retention, while the neighborhood’s rent-to-income ratio near 0.19 suggests manageable rent levels that support collections and renewal strategies.
Vintage and competitiveness: Built in 1992, the asset is newer than the neighborhood’s average 1980s stock. Newer vintage can position the property more favorably versus older comparables, while investors should still underwrite selective modernization and system updates typical of early-1990s construction.
Safety indicators are mixed but improving in key areas. The neighborhood’s overall crime positioning is competitive among Santa Rosa–Petaluma’s 138 neighborhoods. Nationally, violent offense metrics sit in a higher (safer) percentile, and recent data show a substantial year-over-year decline in violent offenses, according to WDSuite. Property offense measures align closer to national mid-range levels, suggesting routine security, lighting, and property management practices remain important for risk mitigation.
Regional employment includes logistics operations that offer commute-friendly access for renters, supporting workforce housing demand. Notable nearby employer:
- FedEx Headquarters — logistics (7.1 miles)
This 50-unit, 1992-vintage community aligns with a submarket showing tight occupancy and a renter base near half of housing units. Elevated ownership costs in the neighborhood reinforce rental demand, while a rent-to-income profile around 0.19 supports collections and renewal strategies. According to CRE market data from WDSuite, the asset’s location is above the metro median for occupancy, with 3-mile demographic trends indicating population and household growth that can bolster the tenant pipeline.
Relative to older 1980s-area stock, 1990s construction can compete well on layout and systems, though investors should plan for targeted modernization to sustain rent positioning. Limited walkable amenities and below-average school scores argue for value-forward and convenience-driven positioning, while routine measures to address mid-range property crime risks can support retention.
- Tight neighborhood occupancy and renter depth support leasing stability
- Elevated ownership costs sustain multifamily demand and renewal potential
- 1992 vintage competes versus older stock; scope targeted updates for rent positioning
- 3-mile population and household growth expand the tenant base over time
- Risks: limited lifestyle amenities, lower school ratings, and mid-range property crime metrics