| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 29th | Poor |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 Butterfly Ln, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1993 |
| Units | 72 |
| Transaction Date | 2006-03-23 |
| Transaction Price | $9,700,000 |
| Buyer | MARTIN KENNETH C |
| Seller | 310 BUTTERFLY LANE LLC |
310 Butterfly Ln Santa Rosa Multifamily Investment
This 72-unit property built in 1993 operates in a neighborhood with strong occupancy fundamentals and elevated rental share compared to regional averages. According to WDSuite's CRE market data, neighborhood-level occupancy reaches 95.8% with 56.5% of housing units serving rental tenants.
This Santa Rosa inner suburb neighborhood demonstrates solid rental market fundamentals, with neighborhood-level occupancy at 95.8% ranking above metro median among 138 Santa Rosa-Petaluma neighborhoods. The area maintains a 56.5% rental share, placing it in the top quartile nationally for rental housing concentration, which supports consistent tenant demand and lease-up velocity.
Built in 1993, the property represents newer construction compared to the neighborhood average of 1975, positioning it competitively within the local housing stock while potentially reducing near-term capital expenditure needs. Demographic data aggregated within a 3-mile radius shows a population of approximately 57,850 with projected growth to nearly 60,000 by 2028, supporting expansion of the renter pool over the investment horizon.
The neighborhood ranks competitively for grocery access with 1.83 stores per square mile, though amenity density overall remains below metro averages. Median household income within the 3-mile radius reaches $83,236 with projected increases to $110,064 by 2028, while median contract rents are forecast to rise from $1,838 to $2,196 over the same period. Home values averaging $317,860 may help retain households in the rental market rather than transitioning to ownership.
The neighborhood's safety profile reflects mixed trends typical of inner suburban markets. Property crime rates rank near the middle among Santa Rosa-Petaluma area neighborhoods, while recent data indicates an 11.8% decline in property offenses year-over-year, suggesting improving conditions that may support tenant retention and property values.
Violent crime metrics place the area below metro median, though investors should monitor ongoing trends as part of comprehensive due diligence. The neighborhood's safety ranking of 125th out of 138 metro neighborhoods indicates room for improvement, which may present both risk considerations and potential upside if local conditions continue to stabilize.
The regional employment base centers on corporate offices and logistics operations, providing diverse workforce housing demand within commuting distance of major employers.
- FedEx — logistics and shipping (9.4 miles)
- Wells Fargo — financial services (44.9 miles) — HQ
- Salesforce.com — technology and software (45.0 miles) — HQ
- PG&E Corp. — utilities (45.1 miles) — HQ
- McKesson — healthcare distribution (45.2 miles) — HQ
This 72-unit Santa Rosa property presents stable fundamentals supported by strong neighborhood-level occupancy at 95.8% and elevated rental housing concentration at 56.5%. The 1993 construction year provides competitive positioning relative to older neighborhood housing stock while minimizing immediate capital needs. Demographic projections within a 3-mile radius indicate population growth of 3.7% through 2028, expanding the potential tenant base alongside forecast household income increases of 32.2%.
According to multifamily property research from WDSuite, the neighborhood maintains above-average net operating income per unit at $10,331, ranking in the top quartile among metro neighborhoods. Projected rent growth from $1,838 to $2,196 over the next five years suggests pricing power potential, though investors should evaluate renewal strategies given current affordability metrics.
- Strong occupancy fundamentals with 95.8% neighborhood-level performance above metro median
- High rental concentration at 56.5% supports consistent tenant demand and lease-up velocity
- 1993 construction provides competitive advantage over neighborhood average built in 1975
- Population growth projections indicate expanding renter pool through 2028
- Risk consideration: Safety metrics rank below metro median, requiring ongoing monitoring