| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 25th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Lincoln Ave, Salinas, CA, 93901, US |
| Region / Metro | Salinas |
| Year of Construction | 1983 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10 Lincoln Ave Salinas Multifamily Investment, 100 Units
Neighborhood occupancy sits in the low 90s, signaling stable renter demand around the property, according to WDSuite’s CRE market data. This Urban Core location in Salinas supports consistent leasing while allowing disciplined asset management informed by commercial real estate analysis.
Located in Salinas’s Urban Core, the neighborhood rates a solid B and is competitive among Salinas neighborhoods (rank 45 of 95). Amenity access is a relative strength: restaurants and grocery options index in the upper percentiles nationally, and the area ranks in the top quartile among 95 metro neighborhoods for overall amenity access. For investors, this supports day-to-day livability and helps sustain traffic for workforce-oriented multifamily.
Renter concentration is high at the neighborhood level (around seven in ten housing units are renter-occupied), indicating a deep tenant base and steady demand for apartments rather than owner-occupied housing. Neighborhood occupancy is about 91%, near the metro middle, which points to manageable competitive pressure and supports underwriting for stabilized operations. When evaluated through multifamily property research benchmarks, this mix tends to favor steady absorption and more predictable renewals.
Within a 3-mile radius, population and household counts have grown over the past five years, with forecasts calling for additional gains and a larger renter pool by 2028. This growth, combined with a wide working-age cohort, generally supports occupancy stability and ongoing demand for rental units.
Ownership costs in the neighborhood are elevated relative to incomes and have appreciated meaningfully in recent years, which typically sustains reliance on multifamily housing and can bolster pricing power when lease management is disciplined. Median rents have also trended higher locally, requiring attention to rent-to-income levels for retention, but the robust amenity base and renter depth help balance this risk.
Safety signals are mixed when viewed across geographies. Within the Salinas metro, the neighborhood ranks in the safer half of the 95 neighborhoods, suggesting comparatively better conditions locally. However, national percentiles for both violent and property offenses sit below the national median, indicating the area is not among the safest nationwide. For investors, this typically calls for prudent on-site measures (lighting, access control) and attentive management rather than a thesis change.
- IBM Silicon Valley Lab — technology R&D offices (36.1 miles)
- Netflix — streaming & media (43.5 miles) — HQ
Regional employment access extends to major tech hubs within commuting reach for some residents, which can diversify the renter base and support retention during cycles. The employers below are representative of that regional pull.
Built in 1983, this 100-unit asset is newer than much of the surrounding housing stock, offering a competitive edge versus older properties while still presenting room for selective modernization to drive rent premiums. Neighborhood occupancy around 91% and a high renter concentration underpin a durable tenant base, and population and household growth within a 3-mile radius point to continued renter pool expansion. According to CRE market data from WDSuite, local amenity density ranks well against metro peers, reinforcing day-to-day livability that can aid leasing and renewals.
Elevated ownership costs in the area continue to support multifamily demand and pricing power when managed against rent-to-income considerations. Forward-looking signals for the radius show additional population and household gains alongside upward rent projections, which, while not guarantees, align with a medium-term hold or value-add strategy focused on operational execution and targeted upgrades.
- 1983 vintage offers competitive positioning versus older local stock with selective renovation upside
- Neighborhood occupancy near the metro middle and high renter concentration support stable demand
- Amenity-rich Urban Core location aids leasing velocity and retention
- 3-mile population and household growth expand the tenant base over the medium term
- Risks: below-national-median safety metrics and rent-to-income pressure require diligent management