| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 63rd | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2193 Los Feliz Dr, Thousand Oaks, CA, 91362, US |
| Region / Metro | Thousand Oaks |
| Year of Construction | 1978 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2193 Los Feliz Dr, Thousand Oaks Multifamily Investment
Neighborhood occupancy is above the national median with strong renter concentration, supporting durable leasing conditions according to WDSuite’s CRE market data. Positioned in an inner-suburb pocket of Thousand Oaks, the asset benefits from deep local amenities and a high-cost ownership market that sustains rental demand.
Thousand Oaks’ inner-suburb setting delivers daily convenience that supports resident retention. Neighborhood amenity access ranks competitive among Oxnard–Thousand Oaks–Ventura neighborhoods (ranked 13 out of 172), with abundant cafes, restaurants, parks, childcare, and groceries scoring in the top decile nationally. This concentration of services typically underpins renter satisfaction and reduces turnover risk for multifamily operators.
The property’s 1978 vintage is older than the neighborhood’s average construction year (1984), signaling potential capital planning needs alongside value-add and modernization opportunities. In practice, refreshed interiors and building systems can improve competitive positioning against newer stock while targeting rent premiums within the local stack.
Renter-occupied housing represents a majority share at the neighborhood level (about 62% of units), indicating a sizable tenant base for multifamily product. Neighborhood occupancy trends are above the national median and have improved over the past five years, which supports revenue stability for well-managed assets. Median contract rents in the area have risen meaningfully over the last cycle, reflecting steady demand, while WDSuite’s multifamily property research shows neighborhood NOI per unit performing above national midline.
Within a 3-mile radius, demographics skew toward higher incomes with continued growth projected in both population and households over the next five years. This points to a gradually expanding renter pool and potential for sustained absorption. At the same time, elevated home values in the neighborhood context contribute to a high-cost ownership landscape, which typically reinforces reliance on rental housing and can support pricing power for well-amenitized communities.
Safety indicators for the neighborhood sit modestly below the national median overall (40th percentile nationwide), and the area ranks 104 out of 172 within the Oxnard–Thousand Oaks–Ventura metro. Property crime levels are higher than the national midline but have declined year over year, while violent crime metrics track closer to the national average. For investors, the recent downward trend in property offenses is a constructive signal, though continued monitoring and standard on-site security practices remain prudent.
The location taps into a broad life sciences and corporate services employment base that supports workforce housing demand and commute convenience, including Amgen, Thermo Fisher Scientific, Farmers Insurance Exchange, AmerisourceBergen, and Abbott Laboratories.
- Amgen — biotechnology HQ (4.4 miles) — HQ
- Thermo Fisher Scientific — life sciences (12.9 miles)
- Farmers Insurance Exchange — insurance HQ (13.9 miles) — HQ
- AmerisourceBergen — pharmaceutical distribution (23.9 miles)
- Abbott Laboratories — healthcare & diagnostics HQ (23.9 miles) — HQ
2193 Los Feliz Dr offers scale in a Thousand Oaks neighborhood with amenity depth, a renter-heavy housing mix, and occupancy above the national median. Based on CRE market data from WDSuite, neighborhood rents and NOI per unit have trended favorably against national midlines, while elevated ownership costs in the area help sustain multifamily demand. The 1978 vintage is older than local norms, pointing to value-add and systems modernization potential that can sharpen competitive positioning versus newer product.
Demand is supported by a diversified employment base anchored by life sciences and corporate services, and 3-mile demographics indicate high incomes with projected growth in both population and households—factors that can underpin absorption and lease retention. Key watch items include affordability pressure relative to incomes and maintaining security best practices given property crime levels that, while improving, remain above national midlines.
- Scale and amenity-rich inner-suburb location supports occupancy stability and leasing velocity.
- Renter-occupied share around the neighborhood is substantial, indicating depth of tenant demand.
- 1978 vintage provides value-add and modernization angles to enhance competitive position.
- Proximity to life sciences and corporate employers supports retention and steady absorption.
- Risks: affordability pressure versus incomes and property crime levels above national midlines warrant ongoing management focus.