| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5377 Cochran St, Simi Valley, CA, 93063, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1988 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5377 Cochran St Simi Valley Multifamily Investment
This 112-unit property benefits from neighborhood-level occupancy rates of 97.9% and strong rental demand fundamentals in the Oxnard-Thousand Oaks-Ventura metro area.
The property sits in an Urban Core neighborhood ranked 59th among 172 neighborhoods in the Oxnard-Thousand Oaks-Ventura metro, earning a B+ rating. Neighborhood-level occupancy reaches 97.9%, ranking in the top quartile nationally at the 89th percentile. With 50.6% of housing units renter-occupied (89th percentile nationally), the area maintains strong rental demand dynamics that support multifamily fundamentals.
Built in 1988, this property aligns with the neighborhood's average construction year of 1982, positioning it within established building stock that may offer value-add renovation opportunities. Median contract rents in the neighborhood reach $2,232, reflecting the 95th percentile nationally, while rent-to-income ratios suggest affordability pressures that require careful lease management and renewal strategies.
Demographics within a 3-mile radius show a population of approximately 50,000 with median household incomes of $117,410. Projections indicate household income growth of 50.5% through 2028, potentially supporting rent growth, while the forecast shows household count increases of 28.4% over five years, expanding the renter pool. The area features strong childcare access (87th percentile nationally) and restaurant density (93rd percentile), supporting tenant appeal and retention.
Home values averaging $627,670 reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing. The neighborhood's housing fundamentals rank in the 85th percentile nationally, according to CRE market data from WDSuite, indicating competitive positioning within the broader market.
Crime data for this neighborhood is not currently available in the regional dataset. Investors should conduct independent due diligence on local safety conditions and consider how security measures and neighborhood watch programs may influence tenant retention and property positioning within the competitive set.
The property benefits from proximity to major corporate employers including life sciences, insurance, and biotechnology companies that provide workforce housing demand and commute convenience for professional tenants.
- Thermo Fisher Scientific — life sciences (5.4 miles)
- Farmers Insurance Exchange — insurance — HQ (8.1 miles)
- Amerisourcebergen — pharmaceutical distribution (12.9 miles)
- Boston Scientific Neuromodulation — medical technology (13.6 miles)
- Amgen — biotechnology — HQ (14.6 miles)
This 112-unit property constructed in 1988 operates in a neighborhood with exceptional occupancy fundamentals, ranking in the 89th percentile nationally for occupancy rates at 97.9%. The Urban Core location benefits from strong rental demand dynamics, with over half of housing units renter-occupied and positioned in the top quartile nationally for rental tenure. Demographics within a 3-mile radius project significant household growth of 28.4% through 2028, expanding the potential tenant base while median household income growth of 50.5% supports rent growth potential.
The property's 1988 vintage aligns with neighborhood norms and may present value-add renovation opportunities to capture upside in a market where median rents reach $2,232 (95th percentile nationally). Commercial real estate analysis indicates the neighborhood ranks in the 85th percentile nationally for housing fundamentals, though rent-to-income ratios suggest careful attention to affordability and renewal strategies will be essential for maintaining occupancy levels.
- Neighborhood occupancy rates of 97.9% rank in top quartile nationally
- Projected 28.4% household growth through 2028 expands tenant base
- Proximity to major employers including Thermo Fisher Scientific and Amgen
- Value-add potential with 1988 construction in established neighborhood
- Risk consideration: High rent-to-income ratios require careful lease management