| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2290 Bethards Dr, Santa Rosa, CA, 95405, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1974 |
| Units | 25 |
| Transaction Date | 1997-05-22 |
| Transaction Price | $1,600,000 |
| Buyer | HOCK INVESTMENT COMPANY INC |
| Seller | STERN JOAN C |
2290 Bethards Dr Santa Rosa Multifamily Investment
This 25-unit property sits in a top-tier Santa Rosa neighborhood with 98.4% occupancy and strong rental demand. Commercial real estate analysis from WDSuite shows the area ranks among the top 5% of neighborhoods regionally for housing fundamentals.
Built in 1974, this property aligns with the neighborhood's average construction vintage of 1976, indicating consistent building stock that may present value-add renovation opportunities for investors seeking to enhance unit appeal and rental premiums. The slightly older vintage suggests potential for strategic capital improvements to capture upside in this strong rental market.
The neighborhood demonstrates exceptional rental market fundamentals, ranking 6th among 138 Santa Rosa metro neighborhoods with an A+ rating. Occupancy reaches 98.4%, placing it in the 92nd national percentile and well above typical market levels. With 46.3% of housing units renter-occupied, the area maintains strong rental demand while median contract rents of $2,155 rank in the 94th national percentile, indicating robust pricing power for multifamily operators.
Demographic data within a 3-mile radius shows a stable tenant base with median household income of $102,342 and moderate population growth of 2.2% over five years. The area's high home values averaging $591,705 reinforce rental demand by keeping ownership costs elevated, supporting tenant retention in multifamily properties. Forward-looking projections indicate continued household formation with a 35% increase in total households forecast through 2028, expanding the potential renter pool.
Amenity density supports tenant retention with strong grocery store access ranking in the 84th national percentile and restaurant density in the 88th percentile. The neighborhood's inner suburb classification provides convenient access to employment centers while maintaining residential appeal, contributing to the area's competitive occupancy rates and rental stability.
Safety metrics show the neighborhood performing competitively among Santa Rosa area neighborhoods, ranking 53rd out of 138 neighborhoods for overall crime levels, which places it in the 61st national percentile. Property offense rates of 285 per 100,000 residents rank in the middle tier locally, while violent crime remains relatively low at 17 incidents per 100,000 residents, positioning above the metro median.
Recent trends indicate improving conditions, with property offenses declining 35% year-over-year and violent offenses down 8%, suggesting positive momentum in neighborhood security. These crime reduction trends may support tenant retention and lease renewal rates, particularly important considerations for multifamily operators focused on occupancy stability.
The Santa Rosa area provides access to corporate employment anchors within commuting distance, supporting workforce housing demand for multifamily properties.
- FedEx — logistics and shipping services (9.2 miles) — HQ
This Santa Rosa property offers compelling fundamentals anchored by exceptional neighborhood-level occupancy of 98.4% and strong rental pricing power with median rents in the 94th national percentile. The 1974 construction year presents value-add opportunities through strategic renovations while demographic projections show household growth of 35% through 2028, expanding the tenant base. According to CRE market data from WDSuite, the neighborhood's A+ rating and top-6 ranking among 138 metro neighborhoods reflects superior housing market dynamics that support long-term rental demand.
High home values averaging $591,705 reinforce rental demand by maintaining elevated ownership costs, while the area's 46.3% renter-occupied share indicates established multifamily acceptance. The inner suburb location provides employment access while recent crime reductions of 35% for property offenses enhance neighborhood appeal for tenant retention.
- Exceptional 98.4% neighborhood occupancy ranking in 92nd national percentile
- Strong rental pricing with median rents in 94th national percentile
- 35% projected household growth through 2028 expanding renter pool
- Value-add potential from 1974 vintage in appreciating neighborhood
- Risk: Rent-to-income ratio of 0.25 may limit rental growth pace