| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 51st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2305 McBride Ln, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1973 |
| Units | 40 |
| Transaction Date | 2000-05-31 |
| Transaction Price | $1,683,000 |
| Buyer | MCBRIDE LN APTS LLC |
| Seller | 2305 MCBRIDE LLC |
2305 McBride Ln, Santa Rosa Multifamily Investment
Renter demand is durable in this Urban Core pocket with a high share of renter-occupied units and a homeownership market that remains high cost, according to WDSuite’s CRE market data. The asset’s 1973 vintage suggests value-add potential through targeted renovations to improve competitiveness and retention.
The neighborhood rates B and is competitive among Santa Rosa-Petaluma neighborhoods (58 of 138). Renter-occupied concentration is notably high, indicating a deep tenant base for multifamily leasing and potential stability in day-to-day occupancy at the neighborhood level.
Lifestyle access skews toward parks and dining: park density ranks 6 of 138 in the metro (top quartile nationally), and restaurants are also competitive (18 of 138; high national percentile). By contrast, in-neighborhood cafes, groceries, and pharmacies rank near the bottom within the metro, so residents typically rely on nearby corridors for those needs.
Home values sit at elevated levels versus national norms (near the top decile nationally), which tends to reinforce reliance on multifamily housing and supports pricing power when managed carefully. Median contract rents in the neighborhood are above the national median, so active lease management and renewals should balance growth with affordability pressure to sustain retention.
The property’s 1973 construction is slightly older than the area’s average build year (mid-1970s). That age profile points to straightforward value-add opportunities—unit refreshes, common-area upgrades, and system modernization—to command stronger effective rents versus older stock while planning for near- to medium-term capital needs.
Within a 3-mile radius, households have grown modestly in recent years and are projected to expand further alongside rising incomes, supporting a larger tenant base over time. Forecasts indicate additional population and household gains through the next five years, which can support occupancy stability and absorption for well-positioned units.
Neighborhood safety indicators are mixed but improving. The area sits modestly above national averages by percentile, and its metro crime rank places it around the middle of 138 Santa Rosa-Petaluma neighborhoods—neither a standout for safety nor an outlier for risk.
Recent trends are constructive: estimated violent offense rates declined sharply year over year and property offenses moved lower as well, according to WDSuite’s datasets. These improvements, while not a guarantee of future conditions, can support leasing confidence when combined with prudent on-site security and resident engagement.
Logistics and distribution employment nearby provides steady commuter demand that can support renter retention for workforce-oriented units.
- FedEx Headquarters — logistics operations (5.0 miles)
This 40-unit, small-format asset (average unit size ~383 SF) in Santa Rosa’s Urban Core benefits from a high neighborhood share of renter-occupied housing, elevated regional home values that sustain reliance on rentals, and strong park and dining access that enhances livability. Based on CRE market data from WDSuite, neighborhood rent levels are above national norms while occupancy sits around the metro middle, suggesting room for operational outperformance through disciplined leasing and renewals.
Built in 1973, the property offers clear value-add potential via interior upgrades and systems modernization to enhance competitiveness against aging stock. Within a 3-mile radius, projected gains in households and incomes point to a larger tenant base, which can support occupancy stability and absorption, while acknowledging affordability pressure means active retention strategies will be important.
- High renter-occupied concentration supports a deep tenant base and day-to-day leasing stability.
- Elevated home values in the area reinforce reliance on multifamily housing and pricing power for well-positioned units.
- 1973 vintage provides value-add upside through targeted renovations and building system updates.
- 3-mile forecasts show population and household growth, supporting renter pool expansion and occupancy stability.
- Risks: affordability pressure (high rent-to-income at the neighborhood level), amenity gaps for groceries/pharmacies, and mid-pack safety require disciplined operations and resident retention.