| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 47th | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2327 Summercreek Dr, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2004 |
| Units | 104 |
| Transaction Date | 2016-02-18 |
| Transaction Price | $30,500,000 |
| Buyer | Paul Kerr |
| Seller | Essex Harvest Park Apartments LP |
2327 Summercreek Dr Santa Rosa Multifamily Investment
Neighborhood occupancy remains tight with strong renter demand, according to WDSuite’s CRE market data, pointing to stable performance drivers for well-managed assets in this inner-suburban pocket of Santa Rosa.
The property sits in an Inner Suburb neighborhood rated A and ranked 16 out of 138 within the Santa Rosa-Petaluma metro, indicating competitive positioning versus most local peers. Neighborhood occupancy is high, and while it reflects area conditions rather than this specific asset, it supports the view that stabilized multifamily can maintain momentum in this submarket.
Daily needs are well covered: grocery and pharmacy access rank near the top among 138 metro neighborhoods, and restaurants are plentiful. Park access is also solid. Café density is thinner, but for residents prioritizing essentials and dining, the amenity mix is favorable. These attributes typically help with retention and leasing consistency.
Renter-occupied units account for a large share of neighborhood housing, placing the area above the metro median for renter concentration. For investors, that translates to a deeper tenant base and demand durability across cycles. By contrast, the local rent-to-income profile suggests some affordability pressure, which calls for disciplined lease management and thoughtful renewal strategies.
Home values in the surrounding area are elevated relative to many U.S. neighborhoods, which in turn sustains reliance on multifamily options. Compared with national trends, this high-cost ownership context generally supports renter demand and can bolster pricing power for properties that are well maintained and appropriately positioned.
Safety indicators are mixed when benchmarked against the metro and nation. Within the Santa Rosa-Petaluma metro (138 neighborhoods), this area sits below the metro average for safety, signaling investors should underwrite for proactive property management and on-site measures. Nationally, violent-offense levels track near the middle of the pack and have improved year over year, while property-offense measures are weaker than most neighborhoods nationwide.
Framed for underwriting, this suggests emphasis on lighting, access control, and resident engagement can help mitigate exposure. Trends should be monitored over time and compared alongside nearby submarkets to calibrate operating assumptions.
Proximity to regional logistics employment supports workforce housing demand and commute convenience for residents working in distribution and parcel operations.
- FedEx Headquarters — logistics (8.5 miles)
Built in 2004, the asset benefits from a newer vintage than much of the local stock, supporting competitive positioning while leaving room for targeted refreshes to systems and interiors over a long hold. The surrounding neighborhood shows tight occupancy and a high share of renter-occupied housing units, indicating a sizable tenant base and potential for steady leasing. Elevated ownership costs in the area further reinforce renter reliance on multifamily housing.
According to commercial real estate analysis from WDSuite, the neighborhood’s amenity coverage (groceries, pharmacies, restaurants, and parks) is a constructive backdrop for retention, while the rent-to-income profile argues for careful pricing and renewal strategies. Net takeaway: durable demand drivers with manageable risks tied to affordability pressures and local property-crime exposure.
- 2004 vintage offers competitive positioning with selective value-add potential
- High neighborhood occupancy supports stability for well-managed assets
- Elevated home values sustain renter demand and leasing depth
- Amenity-rich surroundings bolster retention and tenant appeal
- Risks: affordability pressure (rent-to-income) and property-crime exposure require active management