| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 75th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2315 Lomitas Ave, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2004 |
| Units | 28 |
| Transaction Date | 2025-12-02 |
| Transaction Price | $3,424,500 |
| Buyer | DEANGELIS CONSTRUCTION INC |
| Seller | GARY L AND DEBORAH J POPE FAMILY TRUST |
2315 Lomitas Ave Santa Rosa Multifamily Investment
Neighborhood occupancy remains near the mid‑90s and renter demand is supported by a high renter-occupied share in the immediate area, according to WDSuite’s CRE market data. Positioning in Santa Rosa’s Urban Core offers durable leasing fundamentals with room for operational optimization.
Santa Rosa’s Urban Core location provides everyday convenience that supports renter retention. Neighborhood amenity access tests above the metro median (rank 23 of 138), with grocery coverage in the top quartile locally (rank 4 of 138; 97th percentile nationally) and a strong restaurant presence (rank 13 of 138; 94th percentile nationally). Childcare density also scores competitively (rank 13 of 138). Counterbalancing these strengths, park and cafe availability ranks at the bottom of the metro, which may modestly reduce lifestyle appeal for some renter cohorts.
Income-producing stability is reinforced by an above-median neighborhood occupancy rate (94.9%; rank 66 of 138) and a 71st national percentile reading, signaling generally steady lease-up and renewals. Median contract rents benchmark in the 84th national percentile, while the rent-to-income ratio around 0.20 sits below the national midpoint, suggesting room for disciplined revenue management without materially elevating affordability pressure.
Vintage is a differentiator: the asset’s 2004 construction is newer than the neighborhood’s older housing stock (average vintage 1953). Newer physical plant typically compares well against legacy product, which can aid competitive positioning; investors should still underwrite routine modernization and systems lifecycle planning to sustain performance.
Renter concentration is a notable tailwind: approximately 58.5% of housing units in the neighborhood are renter-occupied (rank 13 of 138), placing it in the top quartile locally and indicating depth in the tenant base. Within a 3‑mile radius, recent data show a small population decline and slightly smaller household sizes, while forward-looking projections through 2028 point to population growth and an increase in households—factors that can expand the renter pool and support occupancy stability. Elevated home values (94th percentile nationally) and a high value‑to‑income ratio (97th percentile) characterize a high-cost ownership market, which tends to sustain reliance on rental housing and can support pricing power for well-managed multifamily assets.
Neighborhood safety indicators sit modestly above national norms (crime 55th percentile nationwide), while the local metro rank (80 of 138) suggests conditions are competitive but not top-tier within Santa Rosa-Petaluma. Recent trends are constructive: both property and violent offense rates have declined year over year, with improvements that score in favorable national percentiles. For investors, this mix points to broadly stable operating conditions with continued emphasis on standard security measures and resident engagement to support retention.
Proximity to logistics and corporate services provides a steady employment base that can bolster renter demand and retention. Nearby employers reflect commutable access for a broad workforce.
- FedEx Headquarters — corporate offices (5.4 miles)
This 28‑unit, 2004‑built asset benefits from a renter‑heavy neighborhood, above‑median occupancy, and strong everyday amenities that support leasing durability. Elevated ownership costs in the area reinforce reliance on multifamily housing, while national‑percentile positioning for rents and occupancy points to revenue stability with careful lease management. Based on commercial real estate analysis from WDSuite, the neighborhood performs above the metro median on several fundamentals, which supports a steady, operations‑focused thesis.
Forward indicators within a 3‑mile radius suggest population growth and a notable increase in households over the next five years, expanding the tenant base. While parks and cafe access are limited and safety ranks mid‑pack within the metro, recent crime trends are improving, and newer vintage relative to the submarket’s older stock provides a competitive edge with manageable capital planning.
- Newer 2004 vintage versus older neighborhood stock supports competitive positioning with routine modernization planning.
- Above‑median neighborhood occupancy and strong renter concentration underpin demand depth and leasing stability.
- High‑cost ownership market sustains reliance on rentals, aiding pricing power for well‑managed units.
- 3‑mile outlook indicates population growth and more households, expanding the tenant base over the medium term.
- Risks: limited parks/cafes and mid‑pack metro safety call for active resident programming and standard security practices.