| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 26th | Poor |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2425 Corby Ave, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1972 |
| Units | 22 |
| Transaction Date | 2019-12-26 |
| Transaction Price | $3,875,000 |
| Buyer | GREENBERG PROPERTY INVESTMENTS 2 LP |
| Seller | SOUVERCAZE JOANNE |
2425 Corby Ave Santa Rosa Multifamily Opportunity
Neighborhood occupancy trends appear steady and renter concentration is elevated, suggesting durable tenant demand according to WDSuite’s CRE market data. Pricing and income dynamics point to stable lease-up potential with thoughtful management of affordability and retention.
The property sits within Santa Rosa’s Urban Core, where neighborhood occupancy is above the metro median among 138 neighborhoods and renter-occupied housing share is high. This depth of renter households supports a consistent tenant base, while lease management should account for measured affordability pressure in the area.
Local amenity access skews practical: grocery and parks density rank in the top quartile nationally, while cafes and pharmacies are limited. For residents, this translates to convenient daily needs and open space nearby, though lifestyle variety may be thinner than in premier core submarkets.
Within a 3-mile radius, demographics show modest population growth and a larger household count over the past five years, with forecasts calling for additional household expansion by the mid‑term. Rising incomes in the area expand the potential renter pool and help support rent levels relative to the metro, based on CRE market data from WDSuite.
Ownership costs are elevated compared with many U.S. neighborhoods, which tends to reinforce reliance on multifamily rentals and can aid pricing power. At the same time, rent-to-income ratios indicate some affordability pressure, so operators should emphasize retention and targeted renewals to sustain occupancy.
Compared with the broader Santa Rosa–Petaluma metro, this neighborhood ranks closer to the higher-crime end of the spectrum (133rd out of 138), indicating safety outcomes below the metro average. Nationally, indicators sit around the lower middle of the pack, with property crime weaker than top-performing areas.
Recent data also show a year‑over‑year uptick in estimated violent offenses. For investors, underwriting should incorporate prudent security measures, community engagement, and operational practices that support resident comfort and retention without overreliance on rapid improvement assumptions.
Regional employment is anchored by logistics and distribution within a drivetime commute, supporting workforce renter demand and day‑to‑day leasing stability. Nearby, the following employer presence contributes to the area’s employment base.
- FedEx — logistics (8.0 miles)
This 22‑unit asset benefits from a renter‑heavy neighborhood, steady occupancy above the metro median, and convenient access to daily‑needs amenities. Elevated ownership costs in the area tend to sustain demand for rentals, while the 3‑mile radius shows population stability and growing household counts that support a larger tenant base. According to commercial real estate analysis from WDSuite, these fundamentals align with durable leasing, provided operators actively manage affordability and renewals.
Key considerations include safety outcomes that trail metro averages and a limited mix of lifestyle amenities, both of which call for thoughtful property operations and resident programming. With disciplined expense control and targeted unit positioning, the location’s practical conveniences and workforce access can underpin consistent cash flow.
- Renter‑concentrated area supports a deep tenant base and occupancy stability
- Elevated ownership costs reinforce sustained demand for multifamily units
- Daily‑needs access (grocery, parks) aids resident retention and leasing
- Risk: Safety outcomes below metro average require proactive operations
- Risk: Affordability pressure suggests careful rent growth and renewal strategy