| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 70th | Good |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5041 State Rte 12, Santa Rosa, CA, 95409, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1984 |
| Units | 53 |
| Transaction Date | 2007-04-27 |
| Transaction Price | $2,800,000 |
| Buyer | SAINT BENEDICTS MANOR II ASSOCIATES |
| Seller | WOODCREEK ASSOCIATES |
5041 State Rte 12 Santa Rosa Inner-Suburb Multifamily
Neighborhood fundamentals point to steady renter demand and pricing resilience, according to WDSuite’s CRE market data, with occupancy trends measured for the surrounding neighborhood rather than the property itself. Elevated ownership costs and solid renter concentration support durable leasing in this Inner Suburb of Santa Rosa.
The property sits in an Inner Suburb of Santa Rosa that ranks in the top quartile among 138 metro neighborhoods overall, based on CRE market data from WDSuite. Neighborhood occupancy is measured at the neighborhood level at roughly the middle of the metro but above the national median, supporting stable operations for well-managed assets. Renter-occupied housing share in the neighborhood is in the top quartile nationally, indicating a deep tenant base for multifamily assets.
Local living patterns show strong incomes and an ownership market with elevated home values (high national percentiles for both), which tends to reinforce reliance on rental housing and support pricing power. At the same time, the rent-to-income ratio for the neighborhood sits well below national pressure points, suggesting manageable rent levels that can aid retention and lessen turnover risk for operators.
Amenity access is mixed: dining density trends above national averages, and parks and pharmacies are strong relative to national peers, while cafes and grocery options within the immediate neighborhood are limited. For residents, this typically means day‑to‑day services and recreation are convenient, with food shopping more reliant on nearby commercial corridors rather than within the block group cluster itself.
Demographics aggregated within a 3‑mile radius indicate modest population growth over the last five years, with households rising and average household size edging down. Forward-looking estimates show a slight population dip but a notable increase in household count, implying smaller households and a potentially larger tenant base over time, which can support occupancy stability even if headcount growth is muted.
Vintage matters: built in 1984, the asset is newer than the neighborhood’s average construction year. That positioning can be competitively advantageous versus older stock, while still presenting opportunities for targeted modernization or system upgrades to capture rent premiums and manage long-term capital needs.
Neighborhood safety trends compare favorably versus national norms, with overall crime measures in the upper half nationwide. Within the metro, the area performs around average, which for investors typically translates to consistent leasing interest from households prioritizing suburban convenience with comparatively stable safety indicators.
Property crime has improved materially year over year, ranking among the stronger improvements nationally, while violent‑crime measures sit near the national midpoint with a slight recent uptick. Taken together, the trajectory suggests gradual normalization in day‑to‑day risk, though prudent operators should continue standard security and lighting best practices.
Regional employment access is supported by logistics and parcel distribution within commuting range, which can underpin workforce housing demand and retention for nearby multifamily.
- FedEx Headquarters — logistics & parcel operations (7.8 miles)
This 53‑unit asset benefits from neighborhood metrics that favor multifamily stability: a renter-occupied housing share in the top quartile nationally, occupancy levels for the neighborhood above the U.S. median, and an ownership market with high home values that tends to sustain rental demand. According to CRE market data from WDSuite, local rent burdens remain comparatively manageable, supporting retention and giving operators room to focus on operational improvements rather than concessions-driven leasing.
Constructed in 1984, the property is newer than the neighborhood average, providing a competitive edge versus older vintage stock while leaving room for targeted modernization to drive value-add upside. Demographic trends within a 3‑mile radius point to more households over time despite modest population softness, which can expand the renter pool and support occupancy durability for well-positioned units.
- Renter-occupied share in the top quartile nationally supports a deep tenant base
- Neighborhood occupancy above the national median underpins leasing stability
- High-cost ownership market sustains rental demand and pricing power
- 1984 vintage offers competitive positioning with potential for modernization-driven upside
- Risk: amenity gaps (limited grocery/cafe density) and near‑median safety require attentive asset management