| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 41st | Poor |
| Amenities | 11th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2121 Stony Point Rd, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1999 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2121 Stony Point Rd Santa Rosa Multifamily Investment
Neighborhood-level data points to stable renter demand and full utilization of existing units, according to WDSuite’s CRE market data. Elevated ownership costs in Sonoma County support pricing power and lease retention for well-managed assets.
Situated in suburban Santa Rosa, the property benefits from a high-cost ownership market and steady renter demand. The neighborhood’s reported occupancy rate ranks 1st among 138 metro neighborhoods (top nationally by WDSuite’s measure), signaling tight local supply conditions that can support leasing stability. Median home values sit in the 91st percentile nationally, a high-cost ownership context that tends to reinforce reliance on rental housing and bolster tenant retention.
Amenity density is mixed: restaurants score around the 66th percentile nationally, while cafes, grocery, parks, and pharmacies rank near the bottom of the metro distribution (often 138th of 138), indicating a more auto-oriented location. Average school ratings around 3.0 land near the 61st percentile nationally, which can help broaden the family renter pool versus lower-rated areas. These neighborhood metrics are measured for the neighborhood, not the property.
Tenure data indicate a renter-occupied share of roughly 36% at the neighborhood level, suggesting a defined but not saturated multifamily renter base; at the same time, within a 3-mile radius, renters comprise roughly half of occupied housing units, supporting depth for leasing across product types. With the property built in 1999—newer than the neighborhood’s average construction year of 1995—investors can position the asset competitively against older stock, while planning for selective modernization as systems age.
Demographics within a 3-mile radius show recent population and household expansion with additional household growth projected, implying a larger tenant base over time and support for occupancy stability. Rising median incomes in the area also create room for rent levels that align with local earning power, aiding collections and retention when paired with disciplined lease management and thoughtful finishes.
Safety indicators compare favorably at the national level while remaining mixed within the metro context. The neighborhood scores around the 65th percentile for safety nationwide, and year-over-year trends show improvement with estimated violent offenses down about 55% and property offenses down roughly 32%, according to WDSuite. Within the Santa Rosa–Petaluma metro, property offense safety ranks in the higher tier (98th of 138 neighborhoods), suggesting comparatively better outcomes than many local peers; crime ranks overall are lower in the metro stack in some measures (e.g., 43rd of 138), so investors should underwrite to submarket-level variability rather than block-level assumptions.
The local employment base includes logistics operations that support workforce renters and commute convenience for service and distribution roles. The example below illustrates an employer presence within a practical drive of the property.
- FedEx Headquarters — logistics (7.5 miles)
This 70-unit, 1999-vintage asset aligns with a submarket characterized by tight utilization and a high-cost ownership landscape. Based on commercial real estate analysis from WDSuite, neighborhood occupancy is effectively full, indicating limited immediate supply pressure and supporting stable leasing. Elevated home values relative to national benchmarks reinforce reliance on rental housing, while rent-to-income levels signal manageable affordability pressure that can aid retention with prudent renewals.
Within a 3-mile radius, recent and projected growth in households expands the potential renter pool, and rising incomes provide headroom for well-executed renovations. Given its late-1990s vintage, the property is positioned to compete against older stock with targeted modernization focused on interiors, common areas, and efficiency upgrades—balancing rent lift potential with capital planning discipline.
- Tight neighborhood utilization supports occupancy stability and lease retention.
- High-cost ownership market sustains renter reliance and pricing power.
- 1999 vintage offers value-add potential via selective modernization and efficiency upgrades.
- 3-mile household growth and rising incomes broaden the tenant base for future leasing.
- Risks: amenity scarcity in immediate area and mixed metro safety ranks warrant underwriting for concessions and marketing spend.