| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1610 Yosemite Ave, Simi Valley, CA, 93063, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1974 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1610 Yosemite Ave Simi Valley Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable relative to the metro, according to WDSuite’s CRE market data. The area’s high-cost ownership market supports leasing stability for well-positioned units.
Located in Simi Valley’s Urban Core, the property benefits from a renter-oriented neighborhood profile and tight conditions. Neighborhood occupancy is above the metro median (ranked 44 out of 172 Oxnard–Thousand Oaks–Ventura neighborhoods) and sits in a high national percentile, signaling stable tenancy for multifamily assets. Renter-occupied housing represents roughly half of units locally (ranked 34 of 172), placing the renter concentration in the top quartile among metro neighborhoods and providing a deeper tenant base for leasing and renewals.
Income and pricing dynamics support rental demand. Elevated home values relative to incomes (nationally high value-to-income standing) create a high-cost ownership environment, which tends to sustain multifamily demand and reinforce retention. At the same time, rent-to-income is comparatively manageable by national standards, suggesting lower affordability pressure and supporting lease stability and collections management for operators.
Daily-life amenities are mixed. Restaurant density is competitive in the metro (ranked 35 of 172; top decile nationally), and grocery access is comparatively strong. However, cafes, parks, and pharmacies are limited within the neighborhood’s boundaries, which places more weight on property-level conveniences and nearby retail nodes for resident satisfaction.
Schools test slightly above the metro median (ranked 38 of 172) with a national standing just above the midpoint, aligning with family-oriented demand. Local NOI per unit performance indicators rank 22 of 172 and sit in the top quartile nationally, according to WDSuite’s commercial real estate analysis, underscoring historically favorable operating fundamentals. Demographic statistics aggregated within a 3-mile radius show recent population growth and an increase in households, with projections pointing to a larger tenant base over the next several years, which supports occupancy stability.
Comparable crime statistics specific to this neighborhood are not available in the current WDSuite dataset. For underwriting, investors typically benchmark property-level experience and local reports against broader Oxnard–Thousand Oaks–Ventura trends and adjacent neighborhoods rather than making block-level assumptions. Monitoring municipality releases and management observations can help track directionality over time.
The area draws from a diverse professional employment base that supports renter demand through commute convenience and steady white-collar payrolls. Notable nearby employers include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Boston Scientific Neuromodulation, and Amgen.
- Thermo Fisher Scientific — life sciences (4.4 miles)
- Farmers Insurance Exchange — insurance (7.2 miles) — HQ
- AmerisourceBergen — pharmaceuticals distribution (13.3 miles)
- Boston Scientific Neuromodulation — medical devices (14.1 miles)
- Amgen — biotechnology (14.8 miles) — HQ
This 94-unit asset, built in 1974, is older than the neighborhood’s average vintage and presents clear value-add and capital planning angles. Tight neighborhood occupancy above the metro median and a renter concentration in the metro’s top quartile indicate durable demand and support for leasing velocity and renewals. Elevated ownership costs in Simi Valley further reinforce reliance on multifamily housing, while rent-to-income conditions suggest manageable affordability pressure and potential for steady retention.
Demographic statistics aggregated within a 3-mile radius point to population growth and a meaningful increase in households, expanding the tenant base over the medium term. Operating benchmarks remain constructive; according to CRE market data from WDSuite, neighborhood NOI-per-unit performance sits in the top quartile nationally, consistent with a market that has supported stable occupancy and pricing discipline. The main considerations include an aging physical plant typical of 1970s construction and a relative scarcity of certain amenities within immediate neighborhood bounds.
- Stable neighborhood occupancy above metro median supports leasing and renewals
- Renter concentration among top-quartile metro neighborhoods deepens tenant pool
- Elevated ownership costs bolster sustained multifamily demand and retention
- 1974 vintage offers value-add and systems modernization upside
- Risks: aging asset needs capex; limited nearby parks/pharmacies/cafes require stronger on-site amenities