| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 51st | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1750 1st St, Simi Valley, CA, 93065, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1986 |
| Units | 88 |
| Transaction Date | 2017-10-31 |
| Transaction Price | $24,250,000 |
| Buyer | DCMF-I 16 1750 on First LLC |
| Seller | Landry Family Trust, Private Investor, Phillip Landry, PrCiaces/hu Enqitu aivnadle /nstf |
1750 1st St, Simi Valley CA — Multifamily Investment Profile
Neighborhood fundamentals point to durable renter demand and high occupancy, according to WDSuite s CRE market data, with strong amenities and a high-cost ownership market supporting leasing stability around the property.
Set within Simi Valley s Urban Core, the neighborhood ranks 15th out of 172 metro neighborhoods (A rating), indicating competitive positioning for multifamily. Neighborhood occupancy is strong and sits in the top quartile nationally, supporting income stability at the asset level. Note that these occupancy figures are measured for the neighborhood, not the property.
Amenity access is a clear strength: restaurants and grocery options rank among the best in the metro (ranks 4 and 12 of 172, respectively), translating into daily convenience and resident retention. Parks and pharmacies also test well relative to peers (both within top deciles nationally), reinforcing livability for a broad renter base.
Construction vintage in the immediate area trends newer (average 1996, competitive within the metro), while this asset was built in 1986. For investors, the older vintage suggests planning for selective capital improvements and potential value-add repositioning to remain competitive against newer stock.
Within a 3-mile radius, household counts have inched higher even as average household size edged down, which can expand the local renter pool. Median household incomes are solid and rising, yet elevated home values in the area sustain reliance on rental housing, supporting pricing power and lease-up consistency for well-maintained product. Neighborhood rent levels sit in higher national percentiles, so active lease management and renewal strategies remain important.
Safety indicators compare favorably in a national context, with the neighborhood trending in higher national percentiles for lower violent and property offense exposure. Within the Oxnard Thousand Oaks Ventura metro, recent trends suggest conditions that are competitive among 172 neighborhoods, and violent offense rates have moved lower year over year, which supports long-term renter retention and stable operations.
Proximity to life sciences, healthcare, and insurance employers supports a diversified renter base with reasonable commute times, underpinning weekday occupancy and renewal potential from professionals in these sectors.
- Thermo Fisher Scientific corporate offices (9.3 miles)
- Amgen biotech R&D and corporate (9.7 miles) HQ
- Farmers Insurance Exchange insurance (11.6 miles) HQ
- AmerisourceBergen healthcare distribution (16.7 miles)
- Boston Scientific Neuromodulation medical devices (17.0 miles)
1750 1st St is an 88-unit, 1986-vintage multifamily asset with average unit sizes around 778 sq. ft., positioned in a neighborhood that ranks competitively among 172 metro peers for occupancy and amenities. Based on commercial real estate analysis from WDSuite, neighborhood occupancy sits in the top quartile nationally and has trended higher over the past five years, while elevated local home values reinforce sustained renter reliance on multifamily housing.
The property s older vintage relative to the area s newer average (1996) points to targeted capex and value-add potential to stay competitive against newer stock. Within a 3-mile radius, population is projected to grow with a notable increase in higher-income households and rising median contract rents, which can support pricing power; however, rent-to-income ratios and higher neighborhood rent levels call for attentive lease management to protect retention.
- Top-quartile neighborhood occupancy (per WDSuite) supports income stability
- Amenity-rich location (restaurants, grocery, parks) aids leasing and renewals
- 1986 vintage offers value-add and selective modernization upside
- High-cost ownership market sustains multifamily demand and pricing power
- Risk: higher neighborhood rent levels and rent-to-income ratios require active renewal strategy