| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 17th | Poor |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 48 C St, Gonzales, CA, 93926, US |
| Region / Metro | Gonzales |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
48 C St Gonzales Multifamily Investment
This 20-unit property benefits from exceptional neighborhood occupancy at 98.9%, ranking in the top quartile nationally. According to CRE market data from WDSuite, the area maintains strong rental demand fundamentals despite modest income levels.
This inner suburb neighborhood ranks 43rd among 95 Salinas metro neighborhoods with a B rating, supported by strong occupancy fundamentals that rank in the 93rd percentile nationally. The area maintains 98.9% occupancy with 53.7% of housing units renter-occupied, indicating solid rental demand dynamics in the submarket.
Built in 1977, this property aligns with the neighborhood's older housing stock (average construction year of 1949), presenting potential value-add opportunities through strategic renovations and unit improvements. The median contract rent of $1,353 has grown 27.4% over five years, though rent-to-income ratios suggest affordability pressures that require careful lease management consideration.
Demographics within a 3-mile radius show population growth of 24.3% over five years, with household formation expanding the local renter pool. The area offers solid amenity access with restaurants, cafes, and parks ranking above metro averages, supporting tenant retention. However, school ratings average 1.3 out of 5, which may limit appeal to family renters but could benefit investors focused on workforce housing segments.
The neighborhood demonstrates favorable safety metrics compared to regional and national benchmarks. Violent crime rates rank 3rd among 95 metro neighborhoods, placing it in the 92nd percentile nationally for low violent crime. Property crime rates also perform well at the 90th percentile nationally, though recent increases of 133.6% warrant monitoring.
The overall crime ranking of 21st out of 95 neighborhoods places this area in the 71st percentile nationally, indicating above-average safety conditions that can support tenant retention and property values. Investors should note the recent uptick in property crimes while recognizing the area's strong baseline safety profile relative to comparable markets.
Limited major employer data is available for this Gonzales submarket, reflecting the area's position as a smaller agricultural community within the broader Salinas metro employment base.
- Regional agricultural operations and food processing facilities provide local employment base
- Proximity to Salinas metro offers expanded employment opportunities within commuting distance
This 1977-vintage property capitalizes on exceptional occupancy fundamentals, with neighborhood-level rates of 98.9% ranking in the 93rd percentile nationally. The 608-square-foot average unit size aligns with workforce housing demand, while population growth of 24.3% within a 3-mile radius expands the local renter pool. Multifamily property research indicates strong rental tenure dynamics, with over half of housing units renter-occupied.
The property's age presents value-add potential through strategic renovations, particularly given rent growth of 27.4% over five years in the submarket. However, investors should factor affordability pressures into lease management strategies, as rent-to-income ratios rank in the bottom percentile nationally, requiring careful attention to tenant retention and renewal rates.
- Exceptional occupancy stability at 98.9% neighborhood rate, top quartile nationally
- Growing renter pool with 24.3% population increase over five years
- Value-add renovation potential given 1977 construction year
- Strong rental tenure with 53.7% of units renter-occupied
- Risk consideration: High rent-to-income ratios require careful lease management