| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 29th | Poor |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 405 Timothy Rd, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 2004 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
405 Timothy Rd, Santa Rosa Multifamily Investment
Neighborhood multifamily occupancy is 95.7%, supporting steady renter demand near daily amenities, according to WDSuite’s CRE market data. This positioning favors stable operations for a 2004-vintage, 32-unit asset in an inner-suburb setting.
The immediate neighborhood offers strong daily convenience for residents, with grocery options ranking 1st out of 138 metro neighborhoods and cafes ranking 3rd out of 138. Nationally, both are in the 99th percentile, which helps underpin day-to-day livability and leasing appeal even without notable park or pharmacy density nearby.
Multifamily fundamentals are competitive among Santa Rosa-Petaluma neighborhoods (95.7% neighborhood occupancy; rank 56 of 138) and sit in the top quartile nationally for occupancy strength, based on CRE market data from WDSuite. The neighborhood’s renter-occupied share is high (69.9%; rank 5 of 138), signaling a deep tenant base that can support demand stability for multifamily product.
The property’s 2004 construction is newer than the neighborhood’s older housing stock (average 1966), offering relative competitiveness versus vintage peers while still leaving room for selective system updates or common-area modernization to reinforce positioning. Average school ratings in the neighborhood are modest (2.0 average; rank 31 of 138), which may influence leasing considerations for family renters but is often offset by proximity to employment and retail.
Within a 3-mile radius, demographic trends point to a larger tenant base over time: recent population growth (+1.8%) and household gains (+5.5%) are projected to continue, with additional increases in households by 2028. This supports occupancy stability and helps sustain renter demand even as average household size gradually trends lower.
Home values are elevated in context (high relative to incomes in the metro and 83rd percentile nationally), and the neighborhood rent-to-income ratio near 30% suggests some affordability pressure. For investors, this can sustain rental demand and pricing power but warrants careful lease management to support retention.
Safety indicators for the neighborhood sit below the national median (44th percentile nationally), and the crime rank is 112 out of 138 within the Santa Rosa-Petaluma metro, indicating higher incident levels compared with many peer neighborhoods. However, recent trend data is constructive: both violent and property offense rates declined over the last year, with the violent-offense reduction ranking stronger than most metro neighborhoods.
Investors should view safety as a neighborhood-level factor rather than a property-specific measure and consider standard operational practices—lighting, access control, and community engagement—to support resident retention and leasing.
Nearby employment is anchored by regional logistics activity that supports workforce housing demand and commute convenience for renters, particularly in operational and distribution roles.
- FedEx — logistics (7.0 miles)
This 32-unit, 2004-vintage asset benefits from a renter-heavy neighborhood and strong daily amenity access that supports leasing durability. Neighborhood occupancy is competitive within the metro and in the top quartile nationally, while elevated ownership costs reinforce reliance on multifamily housing. According to CRE market data from WDSuite, the surrounding area shows continued household growth within a 3-mile radius, which supports a larger tenant base and sustained demand.
Relative to older local stock, the property’s newer vintage provides a competitive edge and potential to realize value through targeted modernization. Investors should balance this with thoughtful affordability and retention management, given a rent-to-income profile near 30% and neighborhood school ratings and safety metrics that call for active operations.
- Competitive occupancy at the neighborhood level supports stable cash flow potential
- Renter-occupied share is high, indicating depth of tenant demand
- 2004 construction offers relative competitiveness vs. older local stock with selective value-add upside
- Amenity-rich setting (grocery and cafes) helps leasing and retention
- Risks: affordability pressure (near 30% rent-to-income), modest school ratings, and below-median safety require active management