| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Best |
| Demographics | 71st | Good |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2951 Tachevah Dr, Santa Rosa, CA, 95405, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1974 |
| Units | 33 |
| Transaction Date | 2007-10-17 |
| Transaction Price | $4,000,000 |
| Buyer | REDWOOD EQUITIES INVESTMENTS LLC |
| Seller | ALEXANDER RAYA D |
2951 Tachevah Dr Santa Rosa Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. Strong local incomes and elevated ownership costs support retention and pricing discipline for a 33-unit asset in Sonoma County.
The property sits in an Inner Suburb of Santa Rosa with an A+ neighborhood rating and broad amenity access. Restaurants, groceries, pharmacies, and parks score in the upper tiers nationally (pharmacies around the 95th percentile and restaurants near the high 80s), signaling daily convenience that supports leasing and renewal activity. Café density is thinner, but overall amenity availability ranks competitive among 138 metro neighborhoods.
Neighborhood occupancy is in the top quartile among 138 Santa Rosa–Petaluma neighborhoods, a positive indicator for revenue stability. Median contract rents in the neighborhood benchmark high nationally, while the rent-to-income ratio trends on the lower side versus U.S. norms—conditions that can support retention and measured rent growth. Elevated home values (upper 80s nationally) indicate a high-cost ownership market, which tends to sustain reliance on multifamily housing.
The building’s 1974 vintage is slightly older than the neighborhood average (1976), suggesting prudent capital planning and selective renovations could realize value-add potential and keep the asset competitive against newer stock. NOI per unit trends strong for the neighborhood (top-quartile nationally), reinforcing the area’s income profile from an investor standpoint.
Demographic statistics within a 3-mile radius show modest population growth in recent years and a projected small decline ahead, while households are expected to increase meaningfully with slightly smaller household sizes. For multifamily owners, that pattern typically expands the tenant base even as headcounts level, supporting occupancy and steady leasing velocity. Renter-occupied housing shares sit in the mid-40% range locally, indicating a substantial renter pool and depth of demand for market-rate units.
Safety indicators for the neighborhood track above national averages (around the low 60s nationally), placing it competitive among Santa Rosa–Petaluma neighborhoods (138 total). Recent trends show year-over-year declines in both property and violent offense estimates, which supports a stable operating environment for multifamily holdings.
These are neighborhood-level metrics rather than property-specific conditions and should be considered alongside standard due diligence and on-the-ground assessments.
Proximity to regional logistics employment supports renter demand and commute convenience for workforce tenants in this part of Santa Rosa.
- FedEx Headquarters — logistics and parcel services (9.1 miles)
2951 Tachevah Dr benefits from high neighborhood occupancy, strong income profiles, and elevated ownership costs that reinforce multifamily demand. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally for occupancy and shows nationally strong amenity access, with daily-needs retail and services supporting retention. The 1974 vintage points to targeted value-add and systems modernization opportunities to enhance rentability versus newer comparables.
Within a 3-mile radius, households are projected to expand even as population levels edge down, implying smaller household sizes and a larger renter pool over time. With neighborhood rents positioned high nationally but rent-to-income ratios still relatively manageable, operators can focus on measured rent growth and resident retention while monitoring macro cycles and capital planning.
- High neighborhood occupancy and income profile support revenue stability
- Elevated local home values sustain reliance on rental housing
- 1974 vintage offers value-add and modernization potential
- Household growth (3-mile) indicates a larger tenant base despite flat population
- Risks: older building capex needs; modest café presence; monitor macro and local safety trends