| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Fair |
| Demographics | 55th | Fair |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1501 Ivywood Dr, Oxnard, CA, 93030, US |
| Region / Metro | Oxnard |
| Year of Construction | 1977 |
| Units | 34 |
| Transaction Date | 2008-05-01 |
| Transaction Price | $4,350,000 |
| Buyer | --- |
| Seller | Ivywood Land Partners LLC |
1531 Ivywood Dr Oxnard Multifamily Investment
Neighborhood occupancy trends sit in the mid-90s, supporting stable cash flow potential for well-managed assets, according to WDSuite’s CRE market data. With a high-cost ownership backdrop in Ventura County, renter demand in this suburban pocket of Oxnard has proven durable through cycles.
This suburban Oxnard location blends everyday convenience with steady apartment demand. Neighborhood rents are elevated versus many U.S. areas while staying supported by strong local incomes, and occupancy in the surrounding neighborhood ranks in the upper quartile nationally—favorable for lease retention and pricing discipline based on CRE market data from WDSuite.
Within a 3-mile radius, demographics indicate a large family-oriented base and a renter pool that represents roughly half of housing units, providing depth for multifamily leasing and renewals. Over the next several years, population and household counts are projected to increase, which would expand the local tenant base and help support occupancy stability.
Local amenities are mixed: grocery access is solid and parks are a relative strength compared with national norms, while cafes and pharmacies are sparser nearby. Average school ratings sit around the national midpoint. For investors, this translates to practical livability for workforce renters rather than a lifestyle-driven location—typically supportive of consistent demand across cycles.
Home values in the neighborhood are elevated compared with most U.S. areas, creating a high-cost ownership market that reinforces renter reliance on multifamily housing. This dynamic can aid lease retention and sustain demand even as new supply competes across the broader Oxnard–Thousand Oaks–Ventura metro.
Safety indicators are comparatively favorable on violent incidents, which sit in the upper quartile of safer neighborhoods nationally, while property crime tracks close to the national midpoint. Recent year-over-year trends show declines in both violent and property offenses, suggesting directional improvement rather than deterioration. These figures are best viewed as neighborhood-level context within the Oxnard–Thousand Oaks–Ventura metro, not as block-specific conditions.
The area draws from a diversified regional employment base with strong life sciences, insurance, and healthcare distribution, supporting commuter convenience and renter demand for workforce housing. Key nearby employers include Amgen, Thermo Fisher Scientific, Farmers Insurance Exchange, Boston Scientific Neuromodulation, and AmerisourceBergen.
- Amgen — biotechnology R&D and corporate (15.9 miles) — HQ
- Thermo Fisher Scientific — life sciences & lab technology (32.6 miles)
- Farmers Insurance Exchange — insurance (34.0 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (38.7 miles)
- AmerisourceBergen — pharmaceutical distribution (38.9 miles)
Built in 1977, the 34-unit asset offers potential value-add and capital planning opportunities typical of late-1970s product—think interior modernization and selective system upgrades to enhance competitiveness against newer stock. Neighborhood occupancy trends sit above national medians and, according to CRE market data from WDSuite, remain resilient relative to broader cycles, aided by a high-cost ownership environment that sustains renter demand.
The 3-mile trade area shows a sizable renter base and is projected to see growth in households, expanding the pool of prospective tenants and supporting leasing velocity. While nearby amenities skew practical rather than lifestyle-driven, elevated incomes and a diversified regional employer base help underpin demand and retention for well-operated multifamily assets.
- 1977 vintage with clear value-add and capex planning angles to improve competitiveness
- Neighborhood occupancy trends above national medians support lease stability
- High-cost ownership market reinforces rental demand and tenant retention
- 3-mile area household growth expands the renter pool and leasing prospects
- Risks: older vintage requires ongoing capital; amenity depth is moderate versus lifestyle nodes