| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 48th | Poor |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1945 Zinfandel Ave, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2006 |
| Units | 30 |
| Transaction Date | 2002-12-20 |
| Transaction Price | $650,000 |
| Buyer | BURBANK HOUSING DEVELOPMENT CORP |
| Seller | DARGENZIO DINO LOUIS |
1945 Zinfandel Ave Santa Rosa Multifamily Investment
2006-vintage asset in an inner-suburban pocket where neighborhood occupancy trends run above the metro median, according to WDSuite’s CRE market data. The newer construction relative to area stock positions the property competitively while supporting stable renter demand.
Situated in Santa Rosa’s inner suburbs, the property benefits from everyday convenience rather than destination retail. Neighborhood data show strong access to parks, groceries, and pharmacies, with restaurants reasonably represented, though cafe density is limited. For investors, this mix favors day-to-day livability and lease retention more than experiential foot-traffic.
The asset’s 2006 construction stands out against an area average vintage from the 1970s. Newer buildings typically compete well versus older inventory on curb appeal and systems, though investors should still underwrite periodic modernization to keep finishes and mechanicals current over a long hold.
Neighborhood renter-occupied share is closer to one-third of housing units, indicating a smaller immediate renter base. Within a 3-mile radius, the renter share is closer to half and is projected to edge higher by the forecast horizon, pointing to a broader tenant pool for leasing and renewals. Household counts within 3 miles have risen in recent years and are expected to expand further as average household size trends lower—conditions that support absorption and occupancy stability.
Elevated ownership costs characterize the area, with home values high relative to national norms. In practice, a high-cost ownership market reinforces reliance on rental housing, which can sustain depth of demand. Rents in the neighborhood are also elevated nationally, but rent-to-income metrics indicate relatively manageable burdens locally, a combination that can aid lease retention and measured pricing power.
Safety indicators for the neighborhood sit below the national median, based on WDSuite’s benchmarking. Recent trends are mixed: estimated property offenses have eased year over year, while reported violent offenses increased over the same period. Investors should compare these dynamics to submarket alternatives and consider property-level measures that support resident comfort and retention.
Commuting access to a regional logistics employer helps support a steady renter base, particularly for workforce housing seeking drive-time convenience.
- FedEx — logistics and distribution (5.0 miles)
This 2006-vintage multifamily positions ahead of much of the surrounding inventory, balancing competitive appeal with manageable capital planning. Neighborhood occupancy is above the metro median and local rent burdens are relatively moderate for the region, which, according to CRE market data from WDSuite, supports stability in renewal capture and day-one leasing. High home values point to a sustained renter reliance on multifamily, while 3-mile household growth and a gradually rising renter share indicate a widening tenant base.
Key considerations include below-median safety benchmarks and weaker school ratings relative to national comparisons, both of which warrant underwriting discipline for family-focused demand. Even so, the combination of newer construction, day-to-day amenity access, and durable regional employment underpins a pragmatic long-term thesis.
- 2006 construction competes well versus older local stock, with clear modernization pathways over time
- Neighborhood occupancy above metro median supports leasing stability and renewals
- High-cost ownership market sustains renter demand and depth of tenant pool
- 3-mile household growth and an increasing renter share expand the addressable renter base
- Risks: below-median safety and weaker school ratings may temper family-driven demand