| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 63rd | Good |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5555 Cochran St, Simi Valley, CA, 93063, US |
| Region / Metro | Simi Valley |
| Year of Construction | 1986 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5555 Cochran St Simi Valley Multifamily Investment
Neighborhood occupancy remains high and renter demand appears durable in Simi Valley’s Urban Core, according to WDSuite’s CRE market data, supporting stable operations for a 32‑unit asset. Elevated home values in the area further reinforce reliance on multifamily housing, which can aid retention and pricing discipline.
This Urban Core neighborhood in Simi Valley posts strong fundamentals for multifamily: neighborhood occupancy is elevated and the area’s average NOI per unit ranks in the top quartile nationally, based on CRE market data from WDSuite. Within the Oxnard–Thousand Oaks–Ventura metro, the neighborhood’s occupancy performance is above the metro median (ranked 44 of 172 neighborhoods), indicating competitive leasing conditions and limited downtime between turns. Note: these occupancy and NOI metrics reflect the neighborhood, not this specific property.
Livability drivers are mixed but generally supportive. Restaurant density scores in a high national percentile, while grocery access is solid; cafes, parks, and pharmacies are more limited within the neighborhood footprint. Average school ratings are moderate for the neighborhood, which can still help retain families seeking proximity to Ventura County amenities. These comparisons are at the neighborhood level, not the property.
Tenure data indicate a meaningful renter-occupied share within the neighborhood, pointing to a deep tenant base and stable multifamily demand. At the same time, the surrounding 3‑mile area skews more owner‑occupied, so product differentiation and value positioning can help maintain velocity against ownership alternatives.
Demographics aggregated within a 3‑mile radius show population and household growth over the last five years, with further increases projected, expanding the renter pool and supporting occupancy stability. Median household incomes are comparatively high, and the neighborhood’s rent‑to‑income positioning suggests manageable affordability pressure for many renters, which can aid lease retention.
Vintage context: the property was built in 1986, modestly newer than the neighborhood’s average vintage (early 1980s). For investors, that typically means relative competitiveness versus older stock, while still planning for targeted modernization of finishes and systems to capture value‑add upside.
Home values in the neighborhood rank high nationally, reflecting a high‑cost ownership market. In practice, elevated ownership costs tend to sustain reliance on rental housing, reinforcing depth of demand and supporting steady leasing performance for well‑positioned assets.
Comparable neighborhood‑level crime metrics are not available in WDSuite for this area at this time. Investors often evaluate safety by reviewing multi‑year city and county trends and comparing them with nearby neighborhoods to understand directional change rather than block‑level variation.
As with any due diligence, pair third‑party data with on‑the‑ground observations at different times of day and discussions with property management to validate tenant experience and leasing implications.
Proximity to major corporate employers supports a broad commuter tenant base and helps leasing stability. Notable nearby employers include Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, Boston Scientific Neuromodulation, and Amgen.
- Thermo Fisher Scientific — life sciences (5.3 miles)
- Farmers Insurance Exchange — insurance (8.1 miles) — HQ
- AmerisourceBergen — pharmaceuticals distribution (12.7 miles)
- Boston Scientific Neuromodulation — medical devices (13.4 miles)
- Amgen — biotechnology (14.8 miles) — HQ
5555 Cochran St offers a 32‑unit footprint in a neighborhood where occupancy is strong and NOI per unit is competitive on a national basis, supporting stable cash flow potential. The property’s 1986 construction is slightly newer than the area’s early‑1980s average, suggesting relative competitiveness versus older stock while leaving room for targeted renovations to drive rents and retention.
Investor fundamentals are underpinned by a sizable commuter employment base, high median incomes, and a high‑cost ownership landscape that sustains multifamily demand. Neighborhood metrics indicate above‑median occupancy within the metro; according to CRE market data from WDSuite, rents sit against incomes in a way that generally supports retention and disciplined pricing, while 3‑mile demographics point to continued household growth that expands the tenant base.
- Competitive neighborhood performance with above‑median occupancy and top‑quartile NOI per unit
- 1986 vintage offers value‑add potential through strategic modernization
- High‑income, high‑cost ownership market supports multifamily demand and lease stability
- Diverse nearby employers bolster commuter demand and tenant retention
- Risk: limited neighborhood parks/cafes and greater owner presence in the 3‑mile area may require sharper positioning and amenities to sustain velocity