| 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 | 1984 |
| Units | 100 |
| Transaction Date | 1999-06-29 |
| Transaction Price | $108,472 |
| Buyer | CDT CMI STEINBECK LP |
| Seller | GP STEINBECK LP |
10 Lincoln Ave, Salinas CA Multifamily Investment
High renter concentration and dense neighborhood amenities support stable leasing prospects, according to WDSuite’s CRE market data.
Located in Salinas’s Urban Core, the area surrounding 10 Lincoln Ave benefits from a concentrated amenity base that underpins renter appeal. The neighborhood ranks 18th out of 95 Salinas neighborhoods for overall amenities and sits in the top quartile nationally for restaurants and cafes by density, helping support daily convenience and foot traffic that multifamily assets often leverage for retention.
Operationally, the neighborhood’s occupancy is around the national median at 91.2% (per WDSuite), indicating generally steady demand. The housing stock skews renter-occupied at the neighborhood level, with a renter concentration of 70.6%, signaling a deep tenant base for multifamily leasing. Within a broader 3-mile radius, households have been increasing, which supports ongoing renter demand and helps stabilize occupancy across cycles.
Vintage matters for competitive positioning: built in 1984, the property is newer than the neighborhood’s average construction year of 1953. That typically translates into a relative edge on layouts and systems versus older inventory, while still leaving room for targeted modernization to drive rent premiums or reduce future capital outlays.
Affordability dynamics are constructive for rental demand. Neighborhood home values sit above national norms, and the value-to-income ratio is elevated compared with many U.S. areas. This high-cost ownership market tends to reinforce reliance on multifamily housing, supporting lease retention and pricing power, even as the neighborhood’s rent-to-income ratio near 0.28 warrants attentive lease management.
Safety indicators are mixed when benchmarked against national and metro peers. The neighborhood’s overall crime positioning is below the national median (around the 32nd percentile), and relative to the 95 Salinas neighborhoods it trends in the lower half of the metro distribution. Recent-year estimates show increases in both property and violent offenses, suggesting investors should underwrite to prudent security and operating practices.
For context, national percentile comparisons reflect a weaker-than-average safety profile versus U.S. neighborhoods; investors commonly mitigate this through access control, lighting, and resident engagement, and by emphasizing proximity to services and amenities that support activation and oversight.
Regional employment access includes larger tech and enterprise employers within commuting reach, which can broaden the renter pool for workforce and professional households.
- IBM Silicon Valley Lab — technology R&D (36.1 miles)
- Netflix — media & technology (43.5 miles) — HQ
10 Lincoln Ave offers scale at 100 units in an Urban Core location where amenity density and a high share of renter-occupied housing support durable demand. According to CRE market data from WDSuite, the neighborhood’s occupancy sits around the national median, while elevated ownership costs in the area continue to sustain reliance on rental housing. Within a 3-mile radius, population and household growth point to a larger tenant base over time, supporting leasing stability.
Constructed in 1984, the asset is newer than much of the local housing stock, providing a competitive footing versus older inventory. Select value-add updates could further differentiate the property, balancing modernization with capital planning. Investors should also account for a safety profile that trails national benchmarks and manage rent-to-income exposure with disciplined renewals and revenue management.
- Urban Core location with top-quartile amenity access supporting renter retention
- High neighborhood renter concentration indicates depth of demand for multifamily
- 1984 vintage is newer than local average, with room for targeted value-add
- Elevated ownership costs reinforce multifamily reliance and pricing power
- Risks: safety metrics below national median and rent-to-income pressure require active management