| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1810 Yosemite Ave, Simi Valley, CA, 93063, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1973 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1810 Yosemite Ave Simi Valley 86-Unit Value-Add
Neighborhood occupancy is strong and ownership costs are elevated, supporting durable renter demand, according to WDSuite’s CRE market data.
Situated in Simi Valley within the Oxnard–Thousand Oaks–Ventura metro the property benefits from a neighborhood profile rated B+. Neighborhood occupancy is competitive among 172 metro neighborhoods and sits in the top quartile nationally, signaling stable leasing conditions at the neighborhood level rather than the property itself. A renter-occupied share that ranks high nationally indicates a deep tenant base for multifamily operators.
Local livability supports workforce retention: restaurants are dense by national standards, while groceries are reasonably accessible. Caf e9 and park counts are thinner, which can modestly limit lifestyle convenience compared with core urban nodes, but the area s day-to-day essentials remain within practical reach. Average school ratings sit around the middle of the pack for the metro, a neutral signal for family-oriented demand.
Home values in the neighborhood are elevated versus national norms, which typically sustains reliance on rental housing and can support pricing power and lease retention for well-managed assets. At the same time, rent-to-income levels benchmark favorably, suggesting manageable tenant affordability that can underpin occupancy stability.
Within a 3-mile radius, demographics point to steady population growth and an increase in households over the past five years, with further gains projected. This implies a gradually expanding renter pool supportive of consistent absorption rather than rapid, supply-driven swings. The area skews toward upper-income households, reinforcing demand for well-maintained units while putting a premium on property operations and service quality.
The asset s 1973 construction precedes the neighborhood s average vintage, creating clear value-add and capital planning considerations. Targeted upgrades to interiors, energy systems, and common areas can help the property compete against newer stock while maintaining operational reliability.
Comparable, up-to-date crime benchmarks at the neighborhood level were not available in the provided dataset. Investors typically triangulate safety using multiple sources, including city and county reports, trend analyses relative to the Oxnard–Thousand Oaks–Ventura metro, and property-level incident history, to assess resident retention and operational risk.
Given the absence of specific ranks or percentiles here, a prudent approach is to review multi-year trends and compare them against nearby neighborhoods across the metro to understand whether conditions are improving, stable, or softening.
The surrounding employment base mixes life sciences, healthcare distribution, and insurance, supporting commuter convenience and diversified renter demand. The list below highlights nearby corporate offices that can influence leasing stability and retention for workforce-oriented units.
- Thermo Fisher Scientific life sciences (4.5 miles)
- Farmers Insurance Exchange insurance (7.3 miles) HQ
- AmerisourceBergen healthcare distribution (13.2 miles)
- Boston Scientific Neuromodulation medical devices (14.0 miles)
- Amgen biotechnology (14.8 miles) HQ
This 86-unit asset pairs neighborhood-level occupancy strength with a high-cost ownership backdrop that reinforces renter reliance on multifamily housing. Based on commercial real estate analysis from WDSuite, the neighborhood benchmarks in the top quartile nationally for occupancy, while local incomes and a favorable rent-to-income relationship support tenant retention and rate discipline. Within a 3-mile radius, population and household counts have been rising and are projected to continue growing, pointing to a gradually expanding renter base.
Built in 1973, the property is older than the neighborhood average vintage, creating visible value-add potential alongside predictable capital needs. Thoughtful modernization focused on interiors, building systems, and curb appeal can improve competitive positioning against newer product without depending on outsized rent premiums. Investors should also weigh amenity gaps (limited parks and caf e9s nearby) and monitor supply in the greater Ventura County market to preserve occupancy stability and pricing power.
- Neighborhood occupancy ranks in the top quartile nationally, supporting stable leasing conditions (per WDSuite data).
- Elevated home values sustain renter reliance on multifamily, aiding retention and pricing discipline.
- 3-mile radius shows population and household growth, expanding the tenant base over time.
- 1973 vintage enables targeted value-add while requiring measured capital planning for systems and finishes.
- Risks: limited nearby parks/caf e9s and potential regional supply shifts may temper rent growth; active asset management recommended.