| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 17th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1905 N H St, Oxnard, CA, 93036, US |
| Region / Metro | Oxnard |
| Year of Construction | 1976 |
| Units | 93 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1905 N H St, Oxnard Multifamily Investment
Renter demand is reinforced by a high-cost ownership market and a renter-occupied unit share that supports depth of the tenant base, according to WDSuite’s CRE market data. Positioning focuses on stable occupancy and income durability in a working household corridor.
Located in Oxnard’s Urban Core, the property benefits from a neighborhood tenant base oriented toward rentals, with about 61% of housing units renter-occupied. This concentration typically supports leasing velocity and renewal depth for mid-scale assets. Neighborhood occupancy is approximately 95%, indicating steady absorption and supporting near-term income stability.
Home values are elevated for the region (median around the low $600Ks), creating a high-cost ownership market that tends to sustain reliance on multifamily housing and bolster pricing power for well-managed assets. Median contract rents in the area have grown over the last five years, while the rent-to-income profile suggests some affordability pressure that owners may need to navigate with disciplined lease management and renewal strategies.
Local livability indicators are mixed: grocery and restaurant density are strong for daily needs, and childcare access ranks competitively within the metro, while cafes, parks, and pharmacies are relatively limited in the immediate neighborhood. Average school ratings trend below metro and national norms, which can influence renter mix and marketing positioning, particularly for family-oriented floor plans.
From an investment lens, neighborhood NOI per unit performance sits in the top quartile nationally and is competitive among the 172 Oxnard–Thousand Oaks–Ventura neighborhoods, pointing to resilient operating fundamentals versus broader benchmarks. Demographic statistics aggregated within a 3-mile radius show households have increased in recent years and are projected to expand further through 2028, implying a larger tenant base and support for occupancy.
Safety trends are comparatively favorable for this part of Oxnard. The neighborhood is competitive among the 172 metro neighborhoods and sits in the higher national percentiles for both property and violent offense measures, indicating stronger-than-average safety relative to many U.S. neighborhoods.
Recent year-over-year estimates indicate declining offense rates, which aligns with improved conditions and supports renter retention and leasing stability. As always, crime patterns can vary block to block and over time, so investors typically validate trends with multiple data points before underwriting.
Proximity to regional corporate employers supports a diversified renter base with commute convenience, led by biotech, life sciences, insurance, and aerospace. Notable employment nodes include Amgen, Thermo Fisher Scientific, Farmers Insurance, and Boston Scientific Neuromodulation.
- Amgen — biotechnology (15.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (32.1 miles)
- Farmers Insurance Exchange — insurance (33.6 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (38.2 miles)
Built in 1976, the asset is newer than the neighborhood’s average vintage and can compete well against older local stock, while still offering potential value-add via modernization and systems updates. According to CRE market data from WDSuite, neighborhood occupancy sits in the mid-90s with a renter-occupied unit share above 60%, supporting consistent leasing and renewal opportunities. Elevated home values in the area reinforce reliance on rentals, aiding income durability.
Within a 3-mile radius, households have trended upward and are projected to expand, pointing to a larger tenant base over the medium term. Operators should balance pricing power with rent-to-income considerations and the neighborhood’s lower average school ratings, focusing on unit finishes, maintenance responsiveness, and amenity positioning to support retention.
- Renter demand depth: high renter-occupied share and elevated ownership costs support leasing stability.
- Occupancy resilience: neighborhood occupancy near mid-90s underpins income consistency.
- Value-add angle: 1976 vintage offers modernization and systems upgrades to enhance competitiveness.
- Demand drivers: access to regional employers supports diversified tenant base and retention.
- Risks to manage: rent-to-income pressure and below-average school ratings call for careful pricing and retention strategies.