| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 50th | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2220 Brookwood Ave, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2006 |
| Units | 32 |
| Transaction Date | 2014-06-03 |
| Transaction Price | $337,500 |
| Buyer | OSM ALDERBROOK HEIGHTS LP |
| Seller | SANTA ROSA 624 LP |
2220 Brookwood Ave, Santa Rosa Multifamily Investment
High ownership costs in the neighborhood support steady renter demand and help underpin occupancy, according to WDSuite’s CRE market data. The area’s renter-occupied share and above‑average national occupancy context suggest durable leasing fundamentals for a 32‑unit asset.
Located in suburban Santa Rosa, the neighborhood ranks in the top quartile among 138 metro neighborhoods for overall performance (A-), reflecting strong fundamentals relative to the region. Nationally, it trends above average on amenities, with cafes and parks landing in the top quartile, which supports day-to-day livability for residents and can aid retention.
From a housing context, neighborhood occupancy is 93.9% (64th percentile nationally), a sign of generally stable renter demand. Median contract rent sits in a higher national band (86th percentile), while the rent-to-income ratio is comparatively moderate (22nd percentile nationally), a profile that can support lease stability and measured rent growth management. Median home values are also elevated (94th percentile nationally), a high-cost ownership market that tends to reinforce renter reliance on multifamily housing.
Tenant depth is supported by unit tenure patterns: 36.7% of housing units in the neighborhood are renter-occupied, indicating a meaningful but not saturated renter concentration. Within a 3-mile radius, households grew over the last five years with additional population growth expected, which points to a larger tenant base over time and supports occupancy stability for professionally managed assets.
Amenities are mixed: cafes, parks, and pharmacies are competitive among metro peers (ranks near the top quartile out of 138), but grocery options are limited locally (near the bottom of the metro and low nationally). School ratings in the immediate neighborhood are weaker versus national benchmarks (around the 15th percentile), which may influence unit mix appeal for family renters but does not preclude demand given employment access and broader regional amenities.
Operationally, the neighborhood’s average NOI per unit ranks in the top tier locally (top decile among 138 neighborhoods and 94th percentile nationally), signaling historically strong income performance relative to peers. The local construction vintage skews relatively modern for the metro, which generally supports competitive positioning versus older stock, though property-level capital planning still matters for systems and finish updates.
Safety indicators present a mixed but improving picture. Within the Santa Rosa-Petaluma metro, the neighborhood’s crime rank sits on the less favorable side of the spectrum (below the metro median among 138 neighborhoods), indicating relatively higher crime compared with some suburban peers. Nationally, however, violent offense exposure trends better than average (roughly above the 60th percentile), and recent year data show notable declines in both violent and property offenses, according to CRE market data from WDSuite.
For investors, the combination of improving year-over-year trends and a nationally competitive violent offense profile can support leasing and retention, while the metro-relative standing warrants routine security best practices and tenant communication.
Regional employment is anchored by logistics and corporate services within commuting range, supporting renter demand through diversified job access.
- FedEx Headquarters — logistics and corporate offices (8.3 miles) — HQ
This 32‑unit asset is positioned in a suburban Santa Rosa neighborhood with nationally above‑average occupancy context, high-cost homeownership, and a renter base supported by regional employment. Within a 3‑mile radius, population and household growth, alongside a gradual reduction in average household size, point to a larger tenant base and ongoing multifamily demand, while a moderate rent-to-income profile supports lease retention and disciplined pricing. According to commercial real estate analysis from WDSuite, neighborhood income performance (NOI per unit) ranks near the top locally, reinforcing the market’s capacity to sustain operations.
Key considerations include limited nearby grocery options, weaker local school ratings, and a metro-relative safety profile that is improving but still calls for standard risk management. Overall, the combination of strong neighborhood income performance, high-cost ownership dynamics, and a deepening regional renter pool supports a durable, operations-first thesis.
- Above-average occupancy context and high-cost ownership market reinforce renter demand
- Strong neighborhood income performance (top-tier NOI per unit locally) aids operational stability
- 3-mile radius shows population and household growth, supporting a larger tenant base over time
- Moderate rent-to-income profile supports retention and measured pricing decisions
- Risks: limited grocery access, lower school ratings, and metro-relative safety that merits standard security practices