| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 49th | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 366 Reservation Rd, Marina, CA, 93933, US |
| Region / Metro | Marina |
| Year of Construction | 1985 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
366 Reservation Rd Marina CA Multifamily Investment
Neighborhood fundamentals point to durable renter demand and steady occupancy, according to WDSuite s CRE market data, with elevated ownership costs in Marina supporting multifamily leasing.
Livability indicators around 366 Reservation Rd suggest a renter-friendly location within the Salinas, CA metro. Neighborhood amenities skew strong for daily needs, with grocery, pharmacy, parks, and restaurants all ranking competitively among 95 metro neighborhoods and placing in high national percentiles; by contrast, cafes and childcare are thinner locally. For investors, this mix supports day-to-day convenience that can aid leasing and retention without relying on destination retail.
Multifamily dynamics in the neighborhood show occupancy stability near the metro middle over the past five years, while the share of renter-occupied housing units is high for the region (59.2% renter concentration). Framed nationally, the neighborhood s rent levels trend above average and home values sit in a high-cost ownership market. That ownership backdrop typically sustains reliance on rental housing and can bolster pricing power, especially when paired with a deep renter base.
Within a 3-mile radius, demographics indicate a larger tenant base today than five years ago, with population and household counts expanding and a meaningful concentration of 18 3 and 35 4 age cohorts. Forecasts call for additional population growth and a rising share of renter-occupied units over the next five years, expanding the renter pool and supporting occupancy stability for professionally managed assets. Median household income is trending up in the 3-mile area, which can help manage affordability pressure and support rent growth when operators focus on product-market fit.
For context, the neighborhood carries an A- rating and ranks above the metro median overall (20th of 95), with NOI per unit performance in the top decile nationally. The local construction vintage trends older than 1980, while this property s 1985 delivery is slightly newer than the area average this can support competitive positioning versus older stock, though investors should still plan for modernization of aging systems as part of capital planning.
Safety trends are mixed in context. Within the Salinas, CA metro, this neighborhood sits on the less favorable half for crime (ranked 43rd among 95 neighborhoods, where lower ranks indicate more incidents). Nationally, however, the area is above average for safety overall, and recent year-over-year data show improving conditions with a notable decline in property offenses and modest improvement in violent offense rates.
For investors, the takeaway is to underwrite with standard security and operating controls while recognizing that recent momentum is improving and the neighborhood compares better when viewed against national benchmarks than against the metro distribution.
The broader commute shed includes large technology employers that can support a stable renter base for Marina assets through regional job access. Notable nearby firms include IBM Silicon Valley Lab, Netflix, and eBay.
- IBM Silicon Valley Lab enterprise technology (35.6 miles)
- Netflix streaming & media (41.0 miles) HQ
- eBay e-commerce (43.0 miles) HQ
This 84-unit 1985 asset benefits from an A- rated neighborhood with strong daily-needs amenities and a high renter-occupied housing share. Elevated home values in the area reinforce renter reliance on multifamily housing, while neighborhood rent levels and above-average national safety positioning point to resilient demand. Based on commercial real estate analysis from WDSuite, occupancy in the neighborhood has held near the metro middle and the 3-mile radius shows population growth with a forecasted increase in households and renter share, supporting a deeper tenant base and steady leasing.
The 1985 vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock and potential to capture premium through targeted upgrades. Underwriting should account for standard system modernization and for the neighborhood s metro-relative safety positioning, but forward demographic momentum and a high-cost ownership market provide tailwinds for retention and pricing discipline.
- High renter concentration and expanding 3-mile renter pool support occupancy stability
- Elevated home values sustain rental demand and underpin pricing power
- Amenity-rich daily needs (grocery, pharmacy, parks, restaurants) aid leasing and retention
- 1985 vintage provides a competitive edge versus older stock, with value-add modernization potential
- Risk: Metro-relative safety sits in the less favorable half; maintain prudent security and underwriting controls