| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Poor |
| Demographics | 10th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 519 Vanderhurst Ave, King City, CA, 93930, US |
| Region / Metro | King City |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
519 Vanderhurst Ave, King City CA Multifamily Investment
Neighborhood renter concentration is high and occupancy sits near the upper-80s, supporting demand resilience for stabilized multifamily, according to WDSuite’s CRE market data.
Located in King City within the Salinas metro, the area surrounding 519 Vanderhurst Ave shows steady renter demand drivers. The neighborhood’s share of renter-occupied housing units is elevated (70%+), which signals a deep tenant base for multifamily. Neighborhood occupancy is about 89% (neighborhood metric, not property-specific), indicating a generally leased environment that can support stabilization and retention strategies.
Amenity access is a relative strength. Cafes and restaurants are dense for the market, placing the neighborhood competitive among Salinas neighborhoods (ranked 6th and 16th out of 95 for cafe and restaurant density) and in the top decile nationally for both. Grocery options are also plentiful, reinforcing day-to-day convenience that helps with leasing and renewals. Park and pharmacy access are limited locally, so investors may prioritize on-site features and coordinated resident services to offset gaps.
Vintage matters: the property was built in 1974, newer than the neighborhood’s average vintage. This positions the asset as relatively competitive against older stock while still leaving room for targeted modernization or systems upgrades that can support rent positioning over a hold period. For analysts conducting multifamily property research, these vintage dynamics can translate into pragmatic value-add planning rather than full-scale repositioning.
Within a 3-mile radius, population and households have grown over the last five years and are projected to continue expanding, with household sizes trending smaller. This points to a larger tenant base and more renters entering the market over time, which can support occupancy stability and consistent leasing velocity.
Ownership costs sit on the higher side relative to local incomes (value-to-income metrics are elevated), which tends to sustain reliance on rental housing. At the same time, rent-to-income ratios indicate some affordability pressure for renters, suggesting that asset management will benefit from measured rent-setting and a focus on retention to balance pricing power with renewal risk.
Comparable safety data for this specific neighborhood is not available in the current WDSuite dataset. Investors typically benchmark neighborhood safety against metro averages and monitor multi-year trends using municipal reports and state datasets to contextualize leasing risk and retention. Where data is available, compare neighborhood standing to other Salinas neighborhoods and to national percentiles for a directional read on relative safety.
The 26-unit asset at 519 Vanderhurst Ave combines a renter-heavy neighborhood with amenity convenience and a 1974 vintage that is newer than local averages, supporting competitive positioning versus older stock. Neighborhood occupancy is around 89% (neighborhood level), and within a 3-mile radius both population and households are expanding with smaller household sizes, pointing to a growing renter pool and steady leasing fundamentals. Elevated ownership costs relative to income tend to reinforce rental demand, while rent-to-income ratios call for disciplined rent management to sustain retention. Based on commercial real estate analysis from WDSuite, local cafe, restaurant, and grocery density stands out within the Salinas metro and compares favorably nationwide, supporting day-to-day livability that can aid leasing and renewals.
For value creation, targeted unit and system upgrades typical for 1970s construction can help capture demand without overcapitalizing. The average unit size is substantial for the class, offering flexibility for family renters and roommate configurations that can support occupancy and rent attainment in this submarket.
- High renter-occupied share in the neighborhood supports depth of tenant demand and leasing stability.
- Amenity density (cafes, restaurants, groceries) is competitive within Salinas and strong nationally, aiding retention.
- 1974 vintage offers scope for targeted renovations and systems upgrades to enhance rent positioning.
- 3-mile population and household growth, alongside shrinking household sizes, expands the renter pool over time.
- Risk: rent-to-income pressures and low average school ratings may limit pricing power; emphasize retention and resident services.