| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 93rd | Best |
| Demographics | 89th | Best |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3585 Round Barn Blvd, Santa Rosa, CA, 95403, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1999 |
| Units | 114 |
| Transaction Date | 2015-05-19 |
| Transaction Price | $37,376,000 |
| Buyer | WINTERFELL VINEYARD COMMONS CA OWNER L |
| Seller | HARVEST VINEYARD COMMONS RETIREMENT RESI |
3585 Round Barn Blvd, Santa Rosa Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite s CRE market data, with pricing power supported by a high-cost ownership market.
Positioned in Santa Rosa s inner-suburban Round Barn corridor, the neighborhood rates A and is competitive among Santa Rosa-Petaluma neighborhoods, ranking 7 out of 138 overall. Neighborhood occupancy is in the top quartile locally (rank 15 of 138) and high nationally, indicating stable leasing conditions at the neighborhood level rather than the property specifically.
The area skews renter-friendly with a majority of housing units renter-occupied (56.9% renter concentration; rank 15 of 138), which deepens the tenant base and supports absorption. Median home values sit near the top of national comparisons, and the value-to-income ratio is also in a high national percentile, which in practice sustains reliance on rental housing and can underpin retention and rent growth management.
Construction year for the property is 1999, somewhat newer than the neighborhood s average stock (1994). That positioning can be competitively advantageous versus older assets, while investors should still plan for targeted modernization and systems updates common for late-1990s buildings.
Amenities are adequate for daily needs cafes score strong relative to national peers (high percentile), grocery access is around the national median, and park access trends above the median. Some specialized services such as childcare and pharmacies appear thinner within the immediate neighborhood, suggesting certain errands may require short drives. Within a 3-mile radius, demographics show a modest recent pullback in population but a projected increase by 2028 alongside a meaningful rise in households and a smaller average household size. That mix typically expands the renter pool and supports occupancy stability for multifamily.
Rent levels at the neighborhood scale benchmark in a high national percentile, and the neighborhood s rent-to-income ratio is elevated. From an investor standpoint, that combination warrants attentive lease management and renewal strategies, but it also signals depth of demand in a market where ownership costs are high.
Safety indicators are mixed but improving. Overall crime compares slightly better than the national median (around the 53rd percentile nationwide), while violent and property offense levels track closer to national mid-range. Recent year-over-year estimates point to declines in both violent and property offenses, placing those improvements in a favorable national percentile. These are neighborhood-level readings and may not reflect block-level conditions.
Proximity to regional distribution and corporate services supports workforce housing demand and commute convenience for renters, including roles tied to logistics operations.
- FedEx Headquarters logistics & corporate services (4.1 miles) HQ
This 114-unit asset (built 1999) benefits from top-quartile neighborhood occupancy and a majority renter-occupied housing base, which together point to demand resilience and leasing stability. Elevated home values and a high value-to-income backdrop reinforce reliance on multifamily, while the property s late-1990s vintage provides competitive positioning versus older stock with potential to create value through targeted modernization. According to CRE market data from WDSuite, neighborhood-level rents benchmark high nationally, supporting a case for disciplined pricing in a high-cost ownership market.
Within a 3-mile radius, forecasts call for population growth, a notable increase in households, and smaller household sizes a combination that typically expands the renter pool and supports occupancy stability for professionally managed multifamily. Investors should balance that strength against affordability pressure at the neighborhood level by emphasizing renewal performance, amenity differentiation, and expense control.
- Top-quartile neighborhood occupancy and majority renter-occupied housing support stable leasing conditions.
- High home values and ownership costs bolster rental demand and potential pricing power.
- 1999 vintage offers competitive positioning with value-add and modernization upside.
- 3-mile forecasts indicate renter pool expansion via household growth and smaller household sizes.
- Risk: elevated rent-to-income at the neighborhood level requires careful lease and retention management.