| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 50th | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2133 Kawana Ter, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2001 |
| Units | 48 |
| Transaction Date | 2016-08-26 |
| Transaction Price | $43,000,000 |
| Buyer | DAV N RENAISSANCE LLC |
| Seller | RENAISSANCE L CAL LLC |
2133 Kawana Ter Santa Rosa Multifamily Investment
High-cost homeownership and solid neighborhood occupancy point to durable renter demand, according to WDSuite’s CRE market data.
Situated in suburban Santa Rosa, the neighborhood rates in the top quartile among 138 metro neighborhoods, reflecting balanced livability with investor-relevant fundamentals. Parks and everyday services are competitive versus national benchmarks, and cafe density is stronger than average, while immediate grocery options are thinner—an operational consideration for marketing and resident experience.
Multifamily dynamics are constructive: neighborhood occupancy trends sit above national norms, and asking rents benchmark higher than many U.S. areas, based on CRE market data from WDSuite. Elevated home values relative to incomes signal a high-cost ownership market that can sustain reliance on rental housing—supporting tenant retention and pricing discipline when managed carefully.
Within a 3-mile radius, households have grown in recent years with median incomes trending higher, expanding the qualified renter pool. Renter-occupied share is just over half of housing units in this radius, indicating a deep base of renters that can support leasing velocity and stabilize turnover.
School quality in the surrounding area trends below national norms, which some family renters may weigh; however, proximity to parks and everyday amenities can offset for certain tenant profiles. For a 2001 vintage, the asset is older than the neighborhood’s average construction year, suggesting potential value-add through interior upgrades and selective capital planning to sharpen competitive positioning against newer stock.
Safety indicators are competitive among Santa Rosa-Petaluma neighborhoods (ranked favorably relative to 138 areas) and land in the upper tiers versus U.S. neighborhoods overall, according to WDSuite. Nationally, the area reads safer than average, with property crime near the national midpoint and violent crime better than national norms.
Trend signals are constructive: estimated violent offense rates improved markedly year over year, placing the neighborhood in a top quartile improvement cohort nationally. As always, investors should underwrite with submarket and asset-level diligence and monitor citywide trends for confirmation.
Nearby logistics employment provides commute-ready renter demand and supports retention for workforce-oriented units, led by FedEx.
- FedEx — logistics (9.0 miles)
This 48-unit, 2001-vintage asset benefits from a renter-reliant location where ownership costs are elevated and neighborhood occupancy trends support stable operations. Based on commercial real estate analysis from WDSuite, local rents benchmark above national levels while occupancy stands above the U.S. average, reinforcing near- to medium-term cash flow durability when coupled with disciplined leasing and renewals.
The asset’s vintage skews older than nearby deliveries, creating a clear value-add path through targeted interior upgrades and systems modernization to compete with newer stock. Within a 3-mile radius, rising household counts and higher median incomes point to a larger and more qualified tenant base, which can aid leasing velocity and retention even as some families may weigh below-average school ratings and limited immediate grocery options.
- Occupancy above national norms supports income stability
- High-cost ownership market sustains rental reliance and pricing power
- 2001 vintage offers value-add potential versus newer neighborhood stock
- 3-mile renter concentration and income growth deepen the tenant base
- Risks: below-average nearby school ratings and thinner grocery access