| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 51st | Poor |
| Amenities | 48th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2400 McBride Ln, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1975 |
| Units | 60 |
| Transaction Date | 1994-06-01 |
| Transaction Price | $627,000 |
| Buyer | PHELPS BASKIN INVESTMENT GROUP INC |
| Seller | OAKS VINTAGE |
2400 McBride Ln Santa Rosa Multifamily Investment
Neighborhood indicators point to durable renter demand supported by a high renter-occupied share and elevated ownership costs, according to CRE market data from WDSuite. Investors should view the area s steady occupancy and income growth as supportive of stable leasing, with pricing power tempered by household affordability.
Located in Santa Rosa s Urban Core, the neighborhood carries a B rating and shows balanced fundamentals that matter for multifamily. Neighborhood occupancy is reported at 88.9% (neighborhood-level, not the property), and the area has a very high renter-occupied share at 79.6% a depth signal for tenant demand and potential leasing durability based on CRE market data from WDSuite.
Local dynamics are competitive within the Santa Rosa-Petaluma metro. Amenity positioning ranks 38 out of 138 neighborhoods competitive among metro peers with strong park access (98th percentile nationally) and a diverse restaurant presence (91st percentile). Immediate neighborhood counts for cafes, groceries, and pharmacies are limited, so residents typically rely on nearby corridors for daily needs. Median contract rents in the neighborhood sit well above national norms (83rd percentile), reinforcing the submarket s revenue potential.
Vintage context: the property s 1975 construction is slightly older than the neighborhood s average 1976 stock. Investors should underwrite for ongoing capital planning and selective renovations to enhance competitiveness and capture value-add upside against newer comparables.
Demographic statistics are aggregated within a 3-mile radius. Over the last period, population edged down while household counts increased modestly, indicating smaller household sizes and a stable base of renters. Looking ahead to 2028, forecasts point to population growth and a sizable increase in households, supporting renter pool expansion and potential occupancy stability. Household incomes have grown meaningfully alongside rent levels, which supports collections while still requiring careful lease management.
Ownership context matters: median home values are high for the neighborhood (96th percentile nationally) and the value-to-income ratio sits in the 95th percentile. This high-cost ownership market tends to reinforce reliance on rental housing, though the rent-to-income ratio indicates affordability pressure that operators should manage through renewal strategies and amenity-driven retention.
Safety trends are mixed but improving. The neighborhood s overall crime positioning sits around the metro middle (ranked 68 out of 138 Santa Rosa-Petaluma neighborhoods), while nationally it performs slightly better than average (58th percentile). Recent estimates indicate a meaningful year-over-year decline in both property and violent incidents, suggesting momentum in the right direction without implying block-level conditions.
For investors, this translates to conditions that are broadly comparable to the metro median with a positive trendline. Operators can lean on prudent security measures and community engagement to support resident retention while monitoring shifts at the submarket level.
Proximity to logistics and distribution employment supports a commuter-friendly renter base and helps underpin weekday occupancy and lease retention.
- FedEx logistics (5.0 miles)
2400 McBride Ln offers exposure to a renter-heavy Urban Core location where elevated ownership costs and steady neighborhood occupancy underpin demand. According to CRE market data from WDSuite, neighborhood contract rents sit above national norms and the renter-occupied share is high, supporting a deep tenant base and potential leasing stability. The property s 1975 vintage suggests value-add potential via systems upgrades and unit/interior enhancements to stay competitive against newer stock.
Within a 3-mile radius, households are projected to grow alongside incomes, indicating a larger tenant base over the next cycle. That said, affordability pressures (reflected in rent-to-income metrics) and mid-pack neighborhood safety warrant disciplined pricing, renewal strategies, and targeted capital improvements to protect occupancy and retention.
- Renter-heavy neighborhood supports depth of demand and leasing stability
- Elevated neighborhood rents vs. national norms offer revenue potential
- 1975 vintage creates value-add and modernization upside
- 3-mile household growth outlook supports a larger tenant base
- Risk: affordability pressure and mid-pack safety require disciplined lease and capex management