| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 71st | Good |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6301 Montecito Blvd, Santa Rosa, CA, 95409, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1977 |
| Units | 40 |
| Transaction Date | 2022-12-05 |
| Transaction Price | $9,400,000 |
| Buyer | DEANGELIS FAMILY PARTNERSHIP |
| Seller | ROSE JOSHUA Y |
6301 Montecito Blvd, Santa Rosa Multifamily Investment
Stabilized neighborhood fundamentals and a strong renter base support durable income potential, according to WDSuite’s CRE market data. The asset’s inner-suburban location offers access to daily needs with demographics that underpin steady leasing.
This inner-suburban pocket of Santa Rosa shows above-metro-median positioning on livability and renter demand, based on CRE market data from WDSuite. Neighborhood occupancy is high at 97.2% (measured for the neighborhood, not the property), which typically supports revenue stability and smoother renewals.
Dining access is a relative strength with restaurant density competitive among 138 Santa Rosa–Petaluma neighborhoods (top decile nationally), while grocery access also rates well above average. By contrast, cafes and parks are comparatively limited within the immediate neighborhood, which can modestly temper lifestyle appeal versus amenity-rich urban cores. These dynamics skew the area toward practical, commute- and errand-oriented living rather than destination retail.
The property’s 1977 vintage is slightly newer than the neighborhood’s average construction year (1972). That positioning can be competitive versus older stock, though investors should plan for targeted modernization and system updates typical of late-1970s buildings to protect rentability and control long-term capital needs.
Tenure patterns indicate a moderate renter-occupied share around 38% (neighborhood level), offering a meaningful but not saturated tenant base. Within a 3-mile radius, households have grown modestly even as population edged down, implying smaller household sizes and a steady flow of new renting households; this supports leasing resilience and absorption of renovated units. Elevated home values (upper 90s percentile nationally) further reinforce reliance on multifamily housing, sustaining pricing power while requiring attentive lease management to balance affordability and retention.
Safety indicators for the neighborhood are generally better than national averages, with overall crime levels around the national median and violent offense measures trending in the safer third nationwide. Recent data also shows a year-over-year decline in violent incidents at the neighborhood level, while property offenses saw a modest uptick. Investors should interpret this as broadly stable conditions with typical suburban risk management needs rather than a material outlier in either direction.
Nearby employment includes logistics operations that expand the commuter base and support renter demand through steady service and distribution jobs.
- FedEx — shipping & logistics (6.9 miles)
This 40-unit 1977 asset sits in a high-occupancy neighborhood with solid renter concentration, supporting predictable collections and renewal potential. Elevated local home values help sustain multifamily demand, while a practical amenity mix and strong restaurant/grocery access bolster everyday livability. According to CRE market data from WDSuite, the neighborhood’s rent positioning is in the upper national percentiles, indicating durable pricing power when paired with thoughtful lease management.
For investors, the vintage suggests selective value-add—interior updates, common-area refreshes, and system replacements—can enhance competitiveness versus older stock while maintaining cost discipline. Demographic patterns within a 3-mile radius—slight population softening alongside more households and smaller household sizes—point to a stable or expanding renter pool that supports occupancy and absorption of renovated units. Key watch items include amenity gaps (parks/cafes) and normal suburban safety monitoring.
- High neighborhood occupancy supports income stability and renewals
- Elevated ownership costs reinforce reliance on rentals and pricing power
- 1977 vintage offers practical value-add via targeted modernization
- 3-mile demographics indicate a steady renter pool and absorption potential
- Risks: limited parks/cafes and typical suburban safety vigilance