| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 30th | Poor |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 710 Rockwell Pl, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1972 |
| Units | 28 |
| Transaction Date | 2013-07-26 |
| Transaction Price | $2,237,000 |
| Buyer | CEC INVESTMENTS LLC |
| Seller | ROCKWELL LLC |
710 Rockwell Pl Santa Rosa Multifamily Investment
This 28-unit property benefits from neighborhood-level occupancy rates of 99.3%, ranking in the top quartile among Santa Rosa metro neighborhoods. The inner suburb location supports rental demand with strong amenity access and stable tenant retention fundamentals.
Located in an inner suburb neighborhood that ranks 44th among 138 Santa Rosa metro neighborhoods with a B+ rating, this area demonstrates solid fundamentals for multifamily investors. The neighborhood maintains exceptional occupancy rates at 99.3%, placing it in the 95th percentile nationally and indicating strong rental demand and tenant retention. With 36.9% of housing units renter-occupied, the area provides a stable tenant base for multifamily properties.
The property's 1972 construction year aligns with the neighborhood average of 1956, suggesting potential value-add opportunities through strategic renovations and unit upgrades. Demographic data within a 3-mile radius shows a mature rental market with 117,760 residents and median household income of $89,735. Forecasted growth indicates household counts expanding by 41.5% through 2028, supporting continued rental demand as the renter pool expands.
Amenity density ranks favorably with restaurants at 18.45 per square mile (96th percentile nationally) and grocery stores at 5.77 per square mile (97th percentile nationally). The neighborhood also features strong park access at 4.61 per square mile, ranking 2nd metro-wide. Current median contract rents of $1,804 provide competitive positioning, while the rent-to-income ratio of 0.26 suggests manageable affordability for tenant retention, though investors should monitor renewal rates given market dynamics.
Crime metrics show the neighborhood ranking 98th among 138 metro neighborhoods, placing it near the median for the Santa Rosa area. Property offense rates of 799 per 100,000 residents rank in the 27th percentile nationally, while violent crime rates of 62 per 100,000 residents rank in the 39th percentile nationally. Notably, both property and violent crime rates have declined over the past year by 19.5% and 25.1% respectively, indicating improving safety trends that can support tenant retention and property values.
The area benefits from proximity to regional corporate operations that support workforce housing demand.
- FedEx — logistics and corporate offices (6.0 miles)
This 28-unit property offers investors exposure to a stable rental market with neighborhood-level occupancy rates of 99.3% that rank in the top quartile nationally. According to CRE market data from WDSuite, the inner suburb location benefits from strong amenity density and demographic projections showing 41.5% household growth through 2028, expanding the potential tenant base. The 1972 construction vintage presents value-add opportunities for strategic renovations while maintaining competitive positioning in a neighborhood with median rents of $1,804.
The property sits within a rental market where 36.9% of housing units are renter-occupied, indicating established rental demand patterns. Home values averaging $532,770 with 44.8% five-year appreciation support rental demand by maintaining elevated ownership costs. Investors should monitor the rent-to-income ratio dynamics and consider capital planning for the older building stock when evaluating renovation upside potential.
- Exceptional neighborhood occupancy at 99.3% ranks top quartile nationally
- Projected 41.5% household growth through 2028 expands rental demand
- Strong amenity density supports tenant retention and lease-up velocity
- Value-add potential through strategic renovations of 1972 vintage units
- Risk consideration: Monitor capital expenditure needs for older building systems