| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 19th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1112 Del Monte Ave, Salinas, CA, 93905, US |
| Region / Metro | Salinas |
| Year of Construction | 1979 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1112 Del Monte Ave, Salinas Multifamily Investment
Neighborhood occupancy trends and a renter-heavy housing base suggest durable tenant demand, according to WDSuite’s CRE market data.
The property sits in a B+ rated Urban Core neighborhood that is competitive among Salinas neighborhoods (ranked 30 out of 95). Investors benefit from a deep renter pool: the share of housing units that are renter-occupied is high in this area, which supports multifamily demand depth and day-to-day leasing velocity.
Amenity access is a relative strength. Grocery, restaurant, and cafe density place the neighborhood in the top quartile nationally, with parks and pharmacies also comparing favorably. This concentration of daily-needs retail tends to reinforce retention and reduce friction for residents. Childcare options are comparatively thin within the neighborhood, which may factor into unit mix positioning for family-oriented demand.
Neighborhood occupancy is strong and competitive among Salinas submarkets (ranked 34 of 95), offering a constructive backdrop for lease-up and renewals. Median asking rents in the area are higher than many U.S. neighborhoods (national percentile mid‑80s), while the rent‑to‑income profile indicates some affordability pressure; proactive lease management and renewal strategies can help sustain pricing power without elevating turnover risk.
Within a 3‑mile radius, demographics show modest population growth alongside a faster increase in households and a gradual reduction in average household size. This points to a larger tenant base and potential renter pool expansion, reinforcing occupancy stability over the medium term. Elevated home values relative to incomes (high national percentile) signal a high‑cost ownership market that typically sustains reliance on rental housing and supports retention for well‑managed multifamily assets.
Vintage context: the asset’s 1979 construction is newer than the neighborhood’s average vintage (1969). That positioning can enhance competitiveness versus older local stock, though investors should still underwrite aging systems and targeted modernization to capture value‑add upside.
Safety indicators for the neighborhood sit above the metro median (crime rank 68 out of 95 indicates relatively better outcomes within Salinas) but track below the national median on several measures (national percentiles around the 30s–40s). For investors, this suggests conditions that are competitive locally yet call for standard property-level security practices and resident engagement to support retention.
Recent year-over-year movements in both property and violent offense estimates have fluctuated. While single-year shifts can be noisy, monitoring trend direction and coordinating with local resources remains prudent, especially during exterior upgrades or lease-up periods.
Regional employment access includes large technology employers within commuting range, supporting a diversified renter base and commute convenience for higher-wage households: IBM Silicon Valley Lab and Netflix are the most notable nearby anchors.
- IBM Silicon Valley Lab — technology R&D offices (36.0 miles)
- Netflix — streaming & media HQ (44.1 miles) — HQ
This 32‑unit, 1979-vintage asset is positioned in a renter-centric Urban Core neighborhood with competitive occupancy and strong daily-needs amenities. Elevated ownership costs in the area, coupled with renter-occupied concentration, support a durable tenant base and steady renewals. According to CRE market data from WDSuite, neighborhood occupancy trends are competitive within Salinas, while national amenity percentiles point to resident convenience that can bolster retention.
The vintage is newer than the neighborhood average, offering relative competitiveness versus older stock and a clear path for targeted value‑add. Within a 3‑mile radius, modest population growth and a faster rise in households indicate a larger renter pool over time, which can support stable occupancy and pricing discipline. Investors should underwrite affordability pressure in rent-to-income metrics and monitor local safety trends, especially during repositioning.
- Renter-occupied housing concentration supports depth of demand and renewal stability.
- Competitive neighborhood occupancy within Salinas provides a solid leasing backdrop.
- Strong access to daily-needs amenities (top-quartile nationally) aids retention.
- 1979 vintage is newer than local average, with targeted modernization/value-add potential.
- Risks: affordability pressure (rent-to-income) and below-national-median safety require proactive lease and operations management.