| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 89th | Best |
| Demographics | 71st | Best |
| Amenities | 21st | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 950 Sunset Garden Ln, Simi Valley, CA, 93065, US |
| Region / Metro | Simi Valley |
| Year of Construction | 2006 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
950 Sunset Garden Ln Simi Valley Multifamily Investment
Neighborhood occupancy is strong and pricing power is supported by high local incomes, according to WDSuite s CRE market data, suggesting stable tenant retention near term. Metrics cited reflect neighborhood conditions rather than the property s own performance.
This suburban pocket of Simi Valley shows durable rental fundamentals with neighborhood occupancy in the top quartile nationally and competitive among the 172 Ventura metro neighborhoods. Median contracted rents sit at the higher end of the metro, reinforcing positioning for quality assets while requiring disciplined lease management to sustain retention.
The area s renter-occupied share is roughly half of housing units, indicating a meaningful tenant base for multifamily demand. Within a 3-mile radius, household counts have edged higher even as average household size trends lower, which typically supports steady absorption of well-managed apartments and helps stabilize occupancy.
Home values are elevated relative to incomes for the region, which tends to reinforce reliance on rental options and can support lease-up and renewal performance for professionally operated communities. Rent-to-income ratios near the high-20% range point to manageable affordability pressure for many households, aiding lease stability when combined with prudent renewal strategies.
Local amenity density immediately around the property is modest (below the metro median for cafes, groceries, and parks), reflecting a car-oriented suburban pattern; residents typically access retail and services within short drives. Investor takeaway: focus on unit quality, parking, and on-site convenience features to offset lower walkable amenity counts.
Relative safety is a local strength. The neighborhood ranks at the top of the 172 Ventura metro neighborhoods on WDSuite s crime index and sits well above national averages (high national percentile indicates safer conditions versus neighborhoods nationwide). Both property and violent offense rates have shown notable year-over-year declines, signaling a favorable trend that can support resident retention and lower disruption risk. These figures reflect neighborhood-level patterns, not the property specifically.
Proximity to life sciences, medical technology, and insurance employers underpins commuter demand and supports leasing stability for workforce and professional renters. Nearby anchors include Amgen, Thermo Fisher Scientific, Farmers Insurance, AmerisourceBergen, and Boston Scientific.
- Amgen biotechnology & pharma (7.8 miles) HQ
- Thermo Fisher Scientific life sciences equipment (10.8 miles)
- Farmers Insurance Exchange insurance (12.8 miles) HQ
- AmerisourceBergen pharmaceutical distribution (18.5 miles)
- Boston Scientific Neuromodulation medical devices (18.9 miles)
Built in 2006 with 98 units, the property is newer than much of the surrounding housing stock, offering competitive positioning versus older assets while still allowing for targeted capital planning as systems age. Strong neighborhood occupancy and high household incomes, together with elevated ownership costs, indicate resilient renter demand and support for stable operations, based on CRE market data from WDSuite.
Within a 3-mile radius, smaller average household sizes and rising household counts expand the renter pool even amid flat-to-soft population trends. The immediate area s car-oriented amenity pattern places a premium on on-site features and management quality, while nearby life sciences and insurance employers provide a diversified commuter base that can aid retention through cycles.
- 2006 vintage offers competitive positioning versus older local stock, with scope for selective value-add and systems modernization.
- Strong neighborhood occupancy and high-income renter base support rent durability and renewal performance.
- Elevated home values reinforce reliance on multifamily housing, aiding depth of demand and leasing stability.
- Diverse nearby employers in life sciences, medical technology, and insurance support commuter demand.
- Risk: lower walkable amenity density; asset performance depends on on-site offerings, parking, and management execution.