| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Good |
| Demographics | 68th | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2594 Guerneville Rd, Santa Rosa, CA, 95401, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1999 |
| Units | 53 |
| Transaction Date | 1997-09-04 |
| Transaction Price | $748,500 |
| Buyer | WEST OAKS APARTMENTS LP |
| Seller | --- |
2594 Guerneville Rd, Santa Rosa Multifamily Investment
Neighborhood occupancy trends suggest steady renter demand, according to WDSuite’s CRE market data, with ownership costs in Santa Rosa reinforcing reliance on multifamily housing. Expect durable leasing supported by a suburban location and a renter base that draws from nearby employment nodes.
This suburban Santa Rosa location rates competitive among 138 metro neighborhoods (overall B grade), with neighborhood-level occupancy in the top quartile nationally. These are neighborhood metrics, not property performance, but they point to stable leasing conditions for workforce-oriented assets.
Within a 3-mile radius, households have increased even as total population edged down, reflecting smaller household sizes and a renter pool that is gradually diversifying. Renter-occupied housing accounts for roughly two-fifths of units in this radius, indicating a meaningful tenant base that supports absorption and retention.
The ownership landscape is high-cost relative to incomes, which typically sustains multifamily demand and pricing power. Neighborhood median rents sit above national norms, while rent-to-income remains manageable for many households, suggesting room for disciplined revenue strategies without overextending affordability.
Local amenities are serviceable rather than dense: grocery access aligns with metro middle-of-the-pack levels, while cafes and pharmacies are thinner. Investors should underwrite convenience as adequate for suburban living, with demand more tied to employment access and schools than destination retail.
Safety indicators for the neighborhood are around the metro median among 138 Santa Rosa–Petaluma neighborhoods and modestly better than the national midpoint. Property and violent offense estimates have declined year over year, indicating improving trends versus the prior period. Percentiles reference nationwide comparisons, while ranks reflect standing within the metro.
As with all sub-neighborhoods, conditions can vary within small areas; investors should pair these directional trends with site-level diligence (lighting, sightlines, access control) to support tenant retention and asset performance.
Proximity to regional logistics supports a steady renter base and commute convenience for service and distribution workers, which can aid lease stability during market cycles. The following employer is within a practical commute of the property.
- FedEx Headquarters — logistics operations (4.6 miles)
Built in 1999, the property is newer than the neighborhood’s average vintage, which supports competitive positioning versus older stock while leaving room for targeted modernization to enhance rents and retention. Neighborhood occupancy is strong and among the higher tiers nationally, and, according to CRE market data from WDSuite, the area’s high-cost ownership environment reinforces reliance on rentals—favorable for sustaining demand across cycles.
Within a 3-mile radius, households have grown despite a slight population dip, pointing to smaller household sizes and a broader renter base. Looking ahead, local forecasts call for continued household growth and rising rents, which, if realized, should support income durability; investors should still underwrite with attention to affordability pressure and amenity-light surroundings.
- 1999 vintage offers competitive positioning with selective value-add potential
- Neighborhood occupancy in higher national tiers supports stability
- High-cost ownership market bolsters multifamily renter demand
- Expanding household counts within 3 miles indicate a deeper tenant base
- Risks: amenity-light environment and affordability pressure require disciplined underwriting