| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 12th | Poor |
| Amenities | 61st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 511 Meta St, Oxnard, CA, 93030, US |
| Region / Metro | Oxnard |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
511 Meta St Oxnard 24-Unit Multifamily Investment
Neighborhood occupancy has held in the mid-90% range with a high renter concentration, according to WDSuite’s CRE market data, supporting stable leasing dynamics for well-positioned assets in Oxnard.
511 Meta St sits within Oxnard’s Urban Core where daily-needs access is a strength. Grocery options are competitive among Oxnard–Thousand Oaks–Ventura neighborhoods (ranked 18 out of 172) and dining density is similarly competitive (30 out of 172), with cafes and childcare also performing well relative to the metro (37 and 49 out of 172, respectively). Nationally, these amenities place the area in higher percentiles for convenience, while park and pharmacy access lag, signaling limited immediate green space and on-foot pharmacy options.
From an investment lens, the neighborhood’s apartment occupancy is 95.2% (neighborhood-level), with improvement over the past five years. Renter concentration is elevated at 61.2% of housing units renter-occupied, indicating a deep tenant base for multifamily properties. Median contract rents benchmark high on a national basis, which can support pricing power but warrants active lease management where rent-to-income ratios are elevated.
The property’s 2004 vintage is newer than the area’s average construction year of 1969. That relative youth can offer competitive positioning versus older stock, though investors should still underwrite for mid-life systems and potential modernization to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius show broadly stable population trends alongside a modest historical increase in households and a projected rise in household counts over the next five years, pointing to a larger tenant base even as average household size trends lower. This mix typically supports occupancy stability and diversified renter demand. Based on multifamily property research from WDSuite, the neighborhood’s amenity strengths and renter depth align with workforce housing needs, though limited parks and elevated rent-to-income ratios call for targeted retention strategies.
Safety indicators are mixed and should be evaluated in context. Compared with other neighborhoods in the Oxnard–Thousand Oaks–Ventura metro (172 total), overall crime trends place this area below the metro median, while national comparisons indicate roughly middle-of-the-pack conditions. Violent offense measures track in a stronger national percentile band, but recent year-over-year movement has been unfavorable, suggesting diligence on trend direction and property-level measures. Property offense readings sit around national mid-range and have also moved higher recently. Investors should focus on well-managed security protocols and community engagement when underwriting.
Proximity to established life sciences and corporate employers underpins workforce renter demand and commute convenience for residents, including Amgen, Thermo Fisher Scientific, Farmers Insurance, Boston Scientific Neuromodulation, and AmerisourceBergen.
- Amgen — biotechnology (14.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (31.6 miles)
- Farmers Insurance Exchange — insurance (32.9 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (38.3 miles)
- AmerisourceBergen — pharmaceuticals distribution (38.5 miles)
511 Meta St offers a 24-unit, 2004-vintage multifamily asset positioned against an older neighborhood stock, supporting competitive appeal to renters seeking more contemporary product. Neighborhood occupancy has remained strong and renter concentration is high, which, together with robust daily-needs access, supports leasing stability. According to CRE market data from WDSuite, median rents benchmark high nationally in this neighborhood, reinforcing revenue potential while requiring attention to affordability pressure in lease management.
Within a 3-mile radius, households have trended upward historically and are projected to expand further, even as average household size declines—conditions that typically broaden the renter pool and support steady absorption. Amenity convenience is a clear positive, though limited parks and mixed safety trends suggest value in active operations and community-focused improvements.
- Newer 2004 vintage versus older local stock supports competitive positioning with moderate modernization needs.
- Neighborhood occupancy in the mid-90% range and high renter-occupied share support leasing stability.
- Strong grocery and dining access underpins livability and retention despite limited park and pharmacy access.
- Household growth within 3 miles broadens the tenant base as household sizes trend smaller.
- Risks: elevated rent-to-income ratios and mixed safety trends call for proactive lease and property management.