| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Fair |
| Demographics | 29th | Poor |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3264 Santa Rosa Ave, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2006 |
| Units | 73 |
| Transaction Date | 2005-04-05 |
| Transaction Price | $1,350,000 |
| Buyer | DEANGELIS MARVIN |
| Seller | RICHARDSON HARLENE |
3264 Santa Rosa Ave Santa Rosa Multifamily Investment
2006 vintage and neighborhood-level occupancy in the mid‑90s suggest stable renter demand, according to WDSuite’s CRE market data. The asset’s newer construction versus local stock points to competitive positioning with potential to capture steady leasing in Santa Rosa.
Situated in Santa Rosa’s inner-suburb fabric, the property benefits from neighborhood occupancy that is competitive among 138 metro neighborhoods and in the top quartile nationally, supporting income stability for multifamily investors. The area’s housing stock skews older (average 1975), so a 2006 asset can compete well against legacy buildings while still planning for normal system updates over time.
Within a 3‑mile radius, households have grown modestly in recent years and are projected to expand meaningfully over the next five years, pointing to a larger tenant base and added support for occupancy. Population trends have been mixed, but rising household counts and higher median incomes indicate continued depth in the renter pool rather than a contraction in demand.
Renter-occupied housing accounts for a majority of neighborhood units (low‑to‑mid 50s%), signaling a deep tenant base and demand stability for multifamily. Neighborhood rent levels sit above national norms, and a rent‑to‑income ratio near thirty percent suggests some affordability pressure—an important consideration for lease management and retention strategies.
Everyday convenience is anchored by strong grocery access (well above national averages), though cafés, parks, and pharmacies are limited within the neighborhood footprint, implying residents may rely on nearby Santa Rosa corridors for broader amenities. School ratings are on the lower end locally, which may shape the resident mix toward workforce households rather than school-driven demand.
Neighborhood safety metrics trail national benchmarks, with indicators placing the area below the U.S. median and in the lower half among 138 metro neighborhoods. That said, recent data show property crime trending down year over year, which investors can weigh alongside broader market fundamentals when underwriting risk and setting reserves.
Given these mixed signals, prudent planning would include enhanced on-site security practices and attention to lighting and access control, while tracking whether the improving property-crime trend persists relative to the Santa Rosa-Petaluma metro.
Regional logistics employment provides commute-accessible jobs that can support renter demand and lease retention; nearby examples include FedEx.
- FedEx — logistics (9.3 miles) — HQ
Built in 2006 with 73 units, the property offers a newer-vintage alternative to an older neighborhood base, which can aid leasing and reduce near-term capital intensity versus legacy stock. Neighborhood occupancy trends sit in the competitive tier for the metro and top quartile nationally, supporting income durability. Within a 3‑mile radius, forecasts point to growth in households and rising incomes—signals that typically translate into a larger renter pool and sustained demand for well-managed assets, based on commercial real estate analysis from WDSuite.
While grocery access is strong, limited parks and cafés and below-average school ratings suggest the resident profile may skew toward workforce renters. Affordability pressures (rent relative to income) argue for disciplined renewal strategies, but the combination of stable occupancy, majority renter tenure, and a 2006 vintage presents a clear path to durable performance with selective value-add upgrades.
- Newer 2006 construction competes well against older neighborhood stock
- Neighborhood occupancy trends are competitive metro-wide and strong nationally
- 3‑mile household and income growth outlook supports renter pool expansion
- Strong grocery access offsets thinner nearby café/park options
- Risks: safety metrics below national median and rent-to-income pressures require active lease management