| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 14th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1026 E Laurel Dr, Salinas, CA, 93905, US |
| Region / Metro | Salinas |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | 2001-04-11 |
| Transaction Price | $967,000 |
| Buyer | STROUB CARL D |
| Seller | 1026 E LAUREL LTD |
1026 E Laurel Dr, Salinas CA Multifamily Investment
Neighborhood occupancy is strong with a high renter-occupied share, supporting stable leasing fundamentals according to WDSuite’s CRE market data. Elevated ownership costs in Salinas further sustain renter demand relative to nearby homebuying options.
The property sits in Salinas s Urban Core, where renter demand is supported by a high share of renter-occupied housing units and durable occupancy levels. The neighborhood s occupancy ranks competitive among Salinas neighborhoods (22 out of 95) and sits in the top quartile nationally, a favorable backdrop for lease stability and renewal performance.
Local amenities are a relative strength: café and restaurant density ranks competitive among Salinas neighborhoods (e.g., cafés ranked 3 out of 95 and restaurants 10 out of 95), with national percentiles in the mid-90s. Grocery access also outperforms typical markets nationally, while parks are reasonably available. Pharmacy presence is limited, which may modestly affect resident convenience but is unlikely to drive leasing outcomes on its own.
Within a 3-mile radius, demographics point to a larger tenant base over time: population and households have expanded in recent years, and projections indicate further population growth and a sizable increase in households, implying more renters entering the market. Average household size is trending lower, which can support steady absorption of smaller units and sustained occupancy.
Home values index well above national norms (top mid-80s percentile nationally), indicating a high-cost ownership market. For investors, this typically reinforces reliance on multifamily housing and can support pricing power and retention, though effective rent positioning should account for local income bands and lease management considerations. School quality metrics trail metro and national benchmarks, which may cap appeal to some family renters; positioning toward workforce households could mitigate this.
Safety outcomes in the immediate neighborhood trend below the national median (around the low-30s national percentile), indicating comparatively higher incident levels than many U.S. neighborhoods. Within the Salinas metro, the area ranks 76th out of 95 neighborhoods for crime, suggesting conditions are weaker than much of the region.
Investors typically manage this profile through targeted security measures, active property management, and resident screening. Monitoring recent-year directional changes alongside submarket peers helps gauge whether conditions are stabilizing or improving relative to the broader metro.
Regional employment anchors within commuting range include technology and media firms that broaden the renter base and help support retention for workforce housing. The listings below highlight nearby technology R&D and streaming media headquarters reachable by regional corridors.
- IBM Silicon Valley Lab technology R&D (36.1 miles)
- Netflix streaming media (44.1 miles) HQ
1026 E Laurel Dr is a 20-unit, mid-vintage asset (built 1978) in a renter-heavy pocket of Salinas where occupancy is competitive among metro neighborhoods and ranks in the top quartile nationally. The property’s vintage suggests potential to drive returns through targeted renovations (interiors, common areas, and systems planning) while benefiting from a tenant base that relies on multifamily due to elevated ownership costs. Based on CRE market data from WDSuite, the surrounding neighborhood s amenity density (cafés, restaurants, and groceries) supports livability and leasing velocity, while pharmacy scarcity and below-median school ratings warrant thoughtful positioning toward workforce renters.
Within a 3-mile radius, recent population growth and an increase in households, alongside projections for additional growth, point to a larger tenant base and support for occupancy stability. Income gains in the area help underpin rent levels, but affordability pressure should be monitored through careful rent-to-income and renewal strategies. Overall, the combination of stable occupancy fundamentals, high-cost ownership context, and value-add potential creates a credible path for durable performance with prudent risk management.
- Competitive neighborhood occupancy and strong renter concentration support leasing stability
- 1978 vintage offers value-add and modernization upside versus older neighborhood stock
- High-cost ownership market reinforces multifamily demand and pricing power
- Amenity-rich environment (cafés, restaurants, groceries) aids retention and absorption
- Risks: below-median safety and school ratings; manage with security, tenant mix, and measured rent positioning