| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1580 Yosemite Ave, Simi Valley, CA, 93063, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1986 |
| Units | 23 |
| Transaction Date | 2010-10-05 |
| Transaction Price | $1,876,500 |
| Buyer | PDT PROEPTIES LLC |
| Seller | YOSEMIT REAGNCY LLC |
1580 Yosemite Ave Simi Valley Multifamily Opportunity
Neighborhood occupancy remains competitive versus the Oxnard–Thousand Oaks–Ventura metro, supporting stable cash flow potential according to WDSuite’s CRE market data.
Simi Valley’s Urban Core setting delivers everyday convenience for renters, with strong restaurant density (top quartile nationally) and solid grocery coverage compared with U.S. peers, per WDSuite. Childcare access also scores well relative to national benchmarks, while parks, cafes, and pharmacies are thinner locally—an operating consideration for positioning and amenities.
The neighborhood’s occupancy rate is competitive among Oxnard–Thousand Oaks–Ventura neighborhoods, and median contract rents in the area sit at the higher end of the national distribution. Rent-to-income metrics indicate affordability pressure is comparatively manageable by national standards, which can aid retention and reduce turnover sensitivity for operators.
Renter-occupied housing represents roughly half of neighborhood units, indicating a meaningful tenant base for a 23‑unit asset. Home values are elevated by national standards, which tends to reinforce reliance on multifamily rentals and can support pricing power without overextending renters.
Within a 3‑mile radius, WDSuite’s demographics show recent population growth alongside a larger household count and rising incomes, pointing to a modestly expanding renter pool. Forward-looking data indicate continued gains in households through the period reported, which can support occupancy stability and leasing velocity relative to metro peers.
The property’s 1986 vintage is slightly newer than the neighborhood average stock, offering a competitive edge versus older buildings while still presenting potential value-add via modernization of interiors and systems over a hold.
Neighborhood-level crime metrics are limited in this data release for the immediate area. Investors typically compare local trends with broader Oxnard–Thousand Oaks–Ventura patterns and adjacent neighborhoods to contextualize risk and leasing considerations, using corroborating sources alongside WDSuite for diligence.
Nearby corporate offices anchor a diversified professional employment base that supports renter demand and commute convenience, including Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Boston Scientific Neuromodulation, and Amgen.
- Thermo Fisher Scientific — life sciences manufacturing/offices (4.4 miles)
- Farmers Insurance Exchange — insurance services (7.2 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (13.3 miles)
- Boston Scientific Neuromodulation — medical devices (14.1 miles)
- Amgen — biotechnology (14.8 miles) — HQ
1580 Yosemite Ave is a 23‑unit, 1986 vintage asset in Simi Valley’s Urban Core with neighborhood fundamentals that point to durable renter demand. Based on CRE market data from WDSuite, occupancy in the immediate area ranks competitively within the metro and rent-to-income levels appear more manageable than in many high‑cost submarkets, supporting lease retention. Elevated local home values further reinforce reliance on multifamily housing, while 3‑mile demographics indicate ongoing population and household growth that can sustain a stable tenant base.
The 1986 construction is slightly newer than the neighborhood average, providing relative competitiveness versus older stock and potential value‑add through targeted renovations and systems updates. Proximity to diversified corporate employers expands the commuter renter pool, while strong restaurant density and solid grocery coverage add day‑to‑day livability—key for retention and renewal performance.
- Competitive neighborhood occupancy supports cash flow stability
- Elevated home values sustain rental demand and pricing power
- 1986 vintage offers value‑add upside via modernization
- 3‑mile population and household growth expand the renter base
- Risk: limited parks/cafes nearby may require on‑site amenity focus