| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 43rd | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 352 Orchard Pl, Oxnard, CA, 93036, US |
| Region / Metro | Oxnard |
| Year of Construction | 1976 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
352 Orchard Pl Oxnard Multifamily Investment
Neighborhood occupancy remains high and ownership costs are elevated, indicating durable renter demand, according to WDSuite’s CRE market data. For investors, this points to steady leasing fundamentals in a supply-constrained Ventura County submarket.
Situated in Oxnard’s Urban Core, the property benefits from neighborhood-level occupancy stability (measured for the neighborhood, not the asset) and a renter-occupied share near half of housing units, supporting a consistent tenant base. Elevated home values in the area, alongside a rent-to-income profile that suggests manageable affordability pressure, can reinforce lease retention while offering room for disciplined pricing.
Local amenity access is mixed: grocery and parks score in higher national percentiles, while cafes, restaurants, and pharmacies are relatively sparse. For family-oriented renters, the average school rating in the neighborhood is below metro norms, which may influence unit mix positioning and marketing. Still, childcare density ranks competitively among 172 metro neighborhoods, adding day-to-day convenience for working households.
Within a 3-mile radius, households increased in recent years even as population edged down, indicating smaller household sizes and a steady expansion of the renter pool. Looking forward, 3-mile forecasts point to population and household growth, which supports occupancy stability and future leasing velocity. Median household incomes have trended upward, and neighborhood-level rents have grown, aligning with broader regional fundamentals cited in WDSuite’s commercial real estate analysis.
The area’s average construction vintage is late-1970s. With a 1976 build, investors should plan for ongoing capital improvements and targeted renovations that can enhance competitiveness versus older stock and capture value-add upside where feasible.
Neighborhood safety compares favorably at the national level, landing in the top quartile nationally based on recent metrics, with notable year-over-year declines in estimated violent and property offenses. At the metro scale, the neighborhood’s crime rank is toward the lower end among 172 Ventura-area neighborhoods, signaling relatively higher incident rates locally even as trends improve.
For underwriting and operations, this mix suggests prudent security planning and resident engagement remain important, while the improving trajectory can aid leasing and retention over time. These figures reflect neighborhood-wide conditions rather than property-specific risk.
The employment base within commuting range includes life sciences, insurance, and healthcare distribution, which can support renter demand and retention through steady white- and blue-collar jobs. Specifically, nearby anchors include Amgen, Thermo Fisher Scientific, Farmers Insurance Exchange, Boston Scientific Neuromodulation, and AmerisourceBergen.
- Amgen — biotechnology (15.2 miles) — HQ
- Thermo Fisher Scientific — life sciences (31.8 miles)
- Farmers Insurance Exchange — insurance (33.3 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (37.6 miles)
- AmerisourceBergen — healthcare distribution (37.8 miles)
352 Orchard Pl offers scale at 88 units in a high-cost ownership market where neighborhood occupancy remains strong and renter concentration is substantial. Elevated home values in the neighborhood support reliance on multifamily housing, while rent-to-income levels indicate manageable affordability pressure that can aid lease retention. According to CRE market data from WDSuite, neighborhood rents have grown alongside rising household incomes, supporting stable cash flows when paired with sound lease management.
Built in 1976, the asset may benefit from targeted capital improvements to modernize systems and finishes. With grocery and parks access but fewer cafes, restaurants, and pharmacies in close proximity, positioning should emphasize livability and convenience to employment centers. Household growth within a 3-mile radius and favorable national safety comparisons provide additional support for long-term demand, though investors should underwrite to local rank dynamics and school quality.
- High neighborhood occupancy and elevated ownership costs support durable renter demand
- 1976 vintage offers value-add potential through targeted renovations and system upgrades
- 3-mile household growth and rising incomes reinforce leasing stability and pricing power
- Proximity to major employers supports tenant retention and diversified demand sources
- Risks: relatively lower metro crime rank and below-average school ratings warrant prudent underwriting