| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 60th | Fair |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2300 Waltzer Rd, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1999 |
| Units | 42 |
| Transaction Date | 2012-12-28 |
| Transaction Price | $872,727 |
| Buyer | BADEN PROPERTIES LLC |
| Seller | BROSNAN FAMILY PARTNERSHIP |
2300 Waltzer Rd Santa Rosa Multifamily Investment
Built in 1999, this 42-unit property benefits from above-average neighborhood occupancy at 94.8% and strong median household incomes exceeding $139,000, according to CRE market data from WDSuite.
This suburban Santa Rosa neighborhood ranks in the top quartile among 138 metro neighborhoods for housing fundamentals, with occupancy rates of 94.8% supporting rental stability. The area maintains a 35.9% share of renter-occupied housing units, indicating solid multifamily demand within the broader ownership-oriented market. Median household incomes of $139,928 rank in the top quartile regionally and 92nd percentile nationally, providing strong tenant quality and rent collection prospects.
Built in 1999, the property aligns with the neighborhood's average construction year of 1993, positioning it within the established building stock without significant vintage disadvantages. Median contract rents of $2,725 reflect the area's premium positioning, ranking 12th among metro neighborhoods and in the 98th percentile nationally. The rent-to-income ratio of 0.23 suggests manageable affordability for the high-income tenant base.
Demographics within a 3-mile radius show a stable population of approximately 63,200 residents, with forecasts indicating 6% population growth and 32% median income growth through 2028. The area's 55.2% homeownership rate, combined with median home values of $858,483, reinforces rental demand as elevated ownership costs limit accessibility to homebuying. Amenity access remains moderate, with limited retail density but adequate childcare and park access supporting family-oriented renters.
Property crime rates in the neighborhood are estimated at 294 incidents per 100,000 residents, ranking 86th among 138 metro neighborhoods and in the 48th percentile nationally, indicating moderate safety conditions relative to comparable markets. Violent crime rates of 34 incidents per 100,000 residents rank similarly at 82nd metro-wide and 50th percentile nationally.
Both property and violent crime rates showed improvement over the past year, declining 5% and 7.9% respectively, suggesting positive safety trends that may support tenant retention and property appeal. These metrics position the neighborhood competitively among Santa Rosa-Petaluma area submarkets for investor consideration.
The area benefits from proximity to corporate employment, with FedEx maintaining headquarters operations within commuting distance to support workforce housing demand.
- FedEx — logistics and shipping headquarters (3.4 miles)
This 42-unit property built in 1999 offers exposure to Santa Rosa's high-income rental market, with neighborhood median household incomes exceeding $139,000 and occupancy rates of 94.8% indicating stable demand fundamentals. The suburban location benefits from limited new supply risk given established zoning patterns, while projected 6% population growth and 32% income growth through 2028 support long-term rental demand expansion.
Multifamily property research indicates the neighborhood's premium rent positioning at $2,725 median reflects strong tenant quality, though investors should monitor affordability pressures and potential competition from the 55.2% homeownership market. The 1999 vintage provides modern functionality while avoiding the highest construction costs of newer properties.
- High-income tenant base with $139,928 median household income supports rent collection stability
- Above-average occupancy at 94.8% indicates strong rental demand in suburban Santa Rosa
- Projected population and income growth through 2028 supports long-term fundamentals
- 1999 construction year provides modern amenities without premium new-build costs
- Risk factors include high ownership rates and potential affordability pressure at premium rent levels