| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 14th | Poor |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1058 E Laurel Dr, Salinas, CA, 93905, US |
| Region / Metro | Salinas |
| Year of Construction | 1976 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1058 E Laurel Dr, Salinas Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, with stability supported by a high share of renter-occupied units at the neighborhood level.
The property sits in Salinas Urban Core, a B-rated neighborhood that is competitive among Salinas neighborhoods (ranked 38 out of 95). Investor appeal is underpinned by convenience retail and daily-needs access, with overall amenities in the top quartile among 95 metro neighborhoods and dining density among the highest nationally.
Operationally, neighborhood occupancy is elevated (top quartile nationally), which supports income durability for well-positioned assets. The renter-occupied share at the neighborhood level is high (around two-thirds), indicating a deep tenant base and consistent multifamily demand. Median contract rents in the neighborhood test above the national median (upper decile nationally), and based on multifamily property research from WDSuite, this has historically coincided with tight vacancy.
Lifestyle access is a relative strength: cafes and restaurants score in the 99th and 96th national percentiles, and parks are also strong (above the national median). Grocery access trends above national norms, while pharmacy access is limited locally. School ratings are lower on average, which may temper appeal for some family renters but does not preclude stable workforce demand.
Within a 3-mile radius, demographics show recent population growth alongside a faster increase in households and rising incomes, pointing to a gradually expanding renter pool and support for occupancy stability. Looking ahead, forecasts continue to show household growth and higher incomes, which can sustain pricing power if lease management remains disciplined. Home values in the neighborhood trend high compared with national levels, a high-cost ownership context that tends to reinforce reliance on rental housing and supports retention in the multifamily segment.
Vintage context: the asset s 1976 construction is newer than the neighborhood s mid-century average stock. That positioning can reduce near-term competitive pressure from older buildings while still offering value-add potential through targeted renovations and system upgrades as part of capital planning.
Safety indicators for the neighborhood track below national norms, with crime measures sitting below the national median. Within the Salinas metro, the neighborhood s crime rank is 76 out of 95, indicating higher relative crime compared with many local peers. Nationally, the neighborhood falls in lower percentiles for safety, so underwriters typically account for this with tighter operational controls, improved lighting and access management, and resident screening to support retention.
Recent year-over-year estimates suggest property and violent offense rates have risen locally. While these are neighborhood-level trends rather than property-specific, investors often evaluate security enhancements and community partnerships to stabilize quality-of-life signals over the hold period.
Regional employment anchors within commuting range broaden the renter base, particularly for households with ties to technology and enterprise software. The employers below illustrate the accessible job centers that can support leasing stability.
- IBM Silicon Valley Lab corporate offices (36.2 miles)
- Netflix corporate offices (44.2 miles) HQ
This 20-unit asset offers exposure to a high-demand renter market where neighborhood occupancy trends in the top quartile nationally and the local renter-occupied share is substantial. According to CRE market data from WDSuite, amenity access is strong and dining density is among the highest nationally, supporting resident convenience and lease retention. The high-cost ownership backdrop tilts households toward renting, which can sustain demand across cycles.
Built in 1976, the property is newer than much of the surrounding stock, positioning it well versus older competitors while preserving value-add potential through selective upgrades. Key underwriting considerations include neighborhood safety benchmarks below national norms and rent-to-income pressure that warrants disciplined renewals and targeted concessions when necessary.
- Elevated neighborhood occupancy and deep renter base support income stability
- Strong amenity access and top-tier dining density bolster retention
- 1976 vintage offers competitive positioning plus renovation upside
- High-cost ownership context reinforces sustained multifamily demand
- Risks: below-median safety and affordability pressure require active management