| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 71st | Best |
| Amenities | 12th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 17500 Reynolds St, Marina, CA, 93933, US |
| Region / Metro | Marina |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2012-03-23 |
| Transaction Price | $150,373 |
| Buyer | MP MANZANITA ASSOCIATES |
| Seller | UCP EAST GARRISON LLC |
17500 Reynolds St Marina Multifamily Investment
Neighborhood data points to a high share of renter-occupied housing and occupancy that has trended upward in recent years, according to WDSuite s CRE market data. For investors, that mix supports depth of tenant demand and lease stability in Marina within the Salinas metro.
Located in Marina within the Salinas, CA metro, the surrounding neighborhood rates a B and sits 37th of 95 local neighborhoods. Grocery access is competitive among Salinas neighborhoods (ranked 38 of 95), while broader amenity density scores lower (amenity rank 78 of 95), suggesting most daily needs are met nearby but lifestyle offerings are thinner locally compared with stronger urban nodes.
The neighborhood shows a high renter concentration (measured as the share of housing units that are renter-occupied), indicating a sizable tenant base for multifamily. At the 3-mile radius, demographics from WDSuite show recent population and household growth, with further increases projected, pointing to a larger tenant base and support for occupancy and leasing over the medium term. These statistics are aggregated within a 3-mile radius.
Home values in the neighborhood are elevated relative to national norms, and median household incomes rank in the upper tiers locally. In investor terms, the high-cost ownership market reinforces reliance on rental options, while a rent-to-income profile near the national middle suggests manageable affordability pressure that can support retention and pricing discipline.
The property s 2013 construction is slightly older than the neighborhood s newer stock average (2017). For investors, that typically implies planning for targeted modernization and common-area refreshes to remain competitive against newer deliveries, while still benefiting from a contemporary building era compared with legacy product.
Safety trends are mixed when viewed locally versus nationally. Within the Salinas metro, the neighborhood s overall crime rank sits in the higher-crime tier (17 of 95 neighborhoods), yet national comparisons place the area above average for safety (around the low-70s percentile nationwide). Recent year-over-year estimates indicate notable declines in both property and violent offenses, an encouraging directional trend for long-term operators.
For underwriting, this translates to a market that may require prudent security and resident-experience measures when benchmarked against the metro, while national benchmarking and recent improvement suggest conditions that are becoming more supportive of retention and community stability. All figures reference neighborhood-level patterns, not the property itself.
Regional employment anchors within commuting distance include technology and media employers that broaden the professional renter pool and can support lease retention for workforce-oriented housing: IBM Silicon Valley Lab and Netflix.
- IBM Silicon Valley Lab technology R&D (37.3 miles)
- Netflix media & technology (43.6 miles) HQ
This 24-unit, 2013-vintage asset in Marina benefits from a high neighborhood renter concentration and an expanding 3-mile renter pool, supporting occupancy stability and sustained leasing velocity. Elevated home values in Monterey County, coupled with solid local incomes, reinforce renter reliance on multifamily housing, while rent-to-income metrics near the national middle indicate balanced affordability that can aid retention and measured rent growth. Based on CRE market data from WDSuite, neighborhood occupancy has trended upward, aligning with the area s household growth and demand depth.
Relative to the neighborhood s newer average vintage (2017), the property may warrant targeted capital improvements to maintain competitive positioning versus more recent deliveries a manageable value-add path focused on unit finishes and amenities rather than heavy systems overhauls typical of older stock. Amenity density in the immediate area is lighter, so on-site features and management execution will be important differentiators.
- High renter concentration and growing 3-mile tenant base support durable occupancy
- Elevated ownership costs sustain rental demand and pricing power potential
- Upward neighborhood occupancy trend, per WDSuite, aligns with demand growth
- 2013 vintage offers a straightforward value-add roadmap to compete with 2017+ stock
- Risks: thinner local amenity base and metro-relative safety positioning require active management