| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Fair |
| Demographics | 25th | Poor |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 435 California St, Salinas, CA, 93901, US |
| Region / Metro | Salinas |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
435 California St Salinas Multifamily Investment
Neighborhood renter-occupied housing is substantial with occupancy near metro norms, supporting steady tenant demand according to WDSuite’s CRE market data. The property’s Central Salinas location offers daily-needs convenience that can aid leasing stability.
This Urban Core neighborhood in Salinas rates a B among 95 metro neighborhoods, sitting mid-pack overall. Dining and daily-needs access are strengths: restaurant, cafe, childcare, and grocery density score in the top quartile nationally, offering residents walkable convenience that can support retention and day-to-day livability for renters.
Renter-occupied housing accounts for a large share of neighborhood units (measured at the neighborhood level), indicating a deep tenant base and stable demand for multifamily. Neighborhood occupancy trends hover around the metro average, suggesting reasonably consistent absorption with typical seasonality for the market.
Within a 3-mile radius, recent population growth and a larger household count point to a gradually expanding renter pool, with forecasts calling for continued increases in both population and households over the next five years. For investors, this supports expectations for demand durability and helps underpin occupancy stability.
Ownership costs in the area are elevated relative to incomes by national standards, which tends to reinforce reliance on multifamily rentals and can support pricing power, while the neighborhood’s rent-to-income levels warrant standard lease management and renewal strategies. The asset’s 1977 vintage is newer than the area’s older housing stock, improving competitive positioning versus pre-1960s buildings, though programmatic upgrades and systems modernization may still be accretive.
Safety conditions are mixed when benchmarked nationally. The neighborhood ranks below the national median for safety (based on WDSuite’s data), indicating investors should plan for typical urban-core measures such as lighting, access control, and coordination with local community resources.
Recent year-over-year trends indicate an uptick in both property and violent offense measures at the neighborhood level. Relative to the Salinas metro’s 95 neighborhoods, this area performs below average on safety, so underwriting should incorporate prudent assumptions for security-related operating practices and potential resident perception management.
Regional employment anchors within commuting range help broaden the renter base, particularly for households valuing access to technology and enterprise employers. The following organizations illustrate the nearby demand drivers that can support leasing and retention.
- IBM Silicon Valley Lab — enterprise software and R&D (36.6 miles)
- Netflix — streaming & technology (44.1 miles) — HQ
435 California St offers a 1977-vintage asset positioned in a renter-heavy Urban Core neighborhood where daily-needs access is a standout and occupancy trends sit near metro norms. Elevated ownership costs by national standards help sustain multifamily dependence, while a growing 3-mile-radius population and household base point to continued depth in the tenant pool. Based on commercial real estate analysis from WDSuite, the area’s amenity density and strong renter concentration support steady leasing fundamentals, with value-add potential via unit and system updates typical for late-1970s construction.
Risk considerations include below-median national safety positioning and rent-to-income pressures that call for thoughtful renewal and pricing strategies. Overall, the combination of durable renter demand, strong local conveniences, and vintage-driven upgrade upside creates a pragmatic path to income stability with targeted capital planning.
- Renter-heavy neighborhood supports a deep tenant base and occupancy stability.
- Top-quartile national amenity density (dining, groceries, childcare) aids retention.
- 1977 vintage positions the asset ahead of older local stock, with clear value-add via modernization.
- Risks: below-median national safety and rent-to-income pressure require prudent lease and security management.