| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 45th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 290 Harvest Ln, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1985 |
| Units | 96 |
| Transaction Date | 1995-12-22 |
| Transaction Price | $4,600,000 |
| Buyer | CONDIOTTI DANIEL |
| Seller | DEBRA INVESTMENT CORP |
290 Harvest Ln Santa Rosa Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable, according to WDSuite’s CRE market data, supporting steady cash flow potential for well-managed assets in Santa Rosa’s inner-suburban corridor.
This inner-suburban pocket of Santa Rosa rates highly for daily-needs convenience, with neighborhood amenities ranking in the top quartile nationally and especially strong access to parks, childcare, groceries, and pharmacies. School quality trends slightly above national norms, which can support family-oriented renter retention and longer average stays.
Renter-occupied housing accounts for roughly mid-40s of neighborhood units, indicating a meaningful tenant base without oversaturation. Neighborhood occupancy is competitive among Santa Rosa-Petaluma neighborhoods (52 of 138; top quartile nationally), which points to stable leasing and limited downtime when units turn.
Property vintage trends older in this area (average construction year 1972). At 290 Harvest Ln, a 1985 build is newer than the neighborhood average, which can improve competitive positioning versus older stock; however, investors should still plan for system updates or targeted renovations to meet current renter expectations.
Within a 3-mile radius, households have increased modestly in recent years and are projected to expand further, implying a larger tenant base over the medium term. Median incomes are trending higher locally, and neighborhood median rents have risen meaningfully over the last five years; combined with a relatively manageable rent-to-income profile, this supports pricing power while keeping lease management focused on retention rather than frequent turnover.
Home values in the neighborhood sit in a higher national percentile, reflecting a high-cost ownership market for Sonoma County. That context typically reinforces reliance on multifamily rentals and can help sustain demand depth and lease-up velocity, particularly for well-located, professionally managed communities.
Safety indicators for the neighborhood track below national medians (national percentile around the 40th), and the area ranks 121 out of 138 Santa Rosa-Petaluma neighborhoods—indicating comparatively higher crime than many parts of the metro. That said, recent trends show an improvement in property offenses on a year-over-year basis, which may support incremental stability if the trajectory continues. Investors should calibrate underwriting for security measures and resident experience, while monitoring whether the improving trend persists.
The 96-unit, 1985-vintage asset at 290 Harvest Ln aligns with a neighborhood that exhibits competitive occupancy and solid amenity access, supporting durable renter demand. Being newer than the local average construction year provides relative competitiveness versus older stock, while selective modernization can capture value-add upside. Based on commercial real estate analysis from WDSuite, neighborhood-level rents and incomes have strengthened, and the 3-mile area shows expectations for household growth—factors that can support occupancy stability and measured rent growth.
At the same time, the high-cost ownership landscape in Sonoma County typically sustains multifamily demand, while a balanced renter concentration provides depth without signaling overreliance on transient tenants. Key risks include local safety metrics trending below national norms and the need for ongoing capital planning consistent with mid-1980s systems.
- Competitive neighborhood occupancy supports steady leasing and reduced downtime.
- 1985 vintage is newer than local average, with scope for targeted renovations and value-add.
- Household and income growth within a 3-mile radius expands the tenant base and supports rent levels.
- High-cost ownership market reinforces reliance on rentals, aiding demand depth and lease retention.
- Risk: Safety metrics lag metro peers; prudent security and resident-experience investments are important.