| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 71st | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5949 Woodland St, Ventura, CA, 93003, US |
| Region / Metro | Ventura |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | 2012-12-01 |
| Transaction Price | $8,200,000 |
| Buyer | Woodland Sans Wood LP |
| Seller | Woodland I Ltd |
5925 Woodland St Ventura Multifamily Investment
Neighborhood renter-occupied share runs above metro medians, supporting a deeper tenant base and steady leasing conditions, according to WDSuite’s CRE market data. This location’s high-cost ownership market reinforces rental demand and potential retention.
Situated in Ventura’s inner-suburb fabric, the neighborhood rates A- and is competitive among Oxnard-Thousand Oaks-Ventura neighborhoods (rank 45 of 172). Renter-occupied housing is above metro median (rank 33 of 172), indicating a larger pool of prospective tenants and demand depth for multifamily assets.
Daily needs are well covered: restaurants are plentiful relative to the metro and pharmacies are strong by national comparison, while grocery access is solid. Cafes and parks are comparatively sparse, which modestly limits lifestyle variety but does not materially detract from renter convenience for most cohorts.
Neighborhood occupancy trends sit closer to metro norms than leaders (rank 140 of 172), suggesting stable but competitive leasing. Median home values are elevated versus national benchmarks (high national percentile), which tends to sustain renter reliance on multifamily housing and can support pricing power when paired with active lease management. Average school ratings test above national median levels, a plus for family-oriented demand.
Within a 3-mile radius, population has been roughly flat while the number of households has increased, pointing to smaller household sizes and a gradually expanding renter pool. Household incomes have risen and are projected to continue advancing, supporting rent levels and contributing to occupancy stability over the medium term, based on WDSuite’s commercial real estate analysis.
Safety metrics indicate conditions below both metro and national averages (crime rank 127 of 172; national percentiles in the lower ranges), so investors should underwrite with conservative assumptions and emphasize property-level security and tenant engagement. Recent year-over-year changes show an uptick in both property and violent offense rates locally; monitoring trend direction and aligning with professional management practices can help mitigate risk.
Proximity to regional life sciences and corporate offices underpins workforce housing demand and commuting convenience for renters, including Amgen, Thermo Fisher Scientific, Farmers Insurance, Boston Scientific Neuromodulation, and AmerisourceBergen.
- Amgen — biotechnology (17.8 miles) — HQ
- Thermo Fisher Scientific — life sciences (33.9 miles)
- Farmers Insurance Exchange — insurance (35.5 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (38.1 miles)
- AmerisourceBergen — pharmaceutical distribution (38.5 miles)
This 64-unit asset benefits from a neighborhood with above-median renter concentration and elevated ownership costs, reinforcing multifamily demand and supporting retention. Occupancy performance in the neighborhood tracks near metro norms, so competitive positioning and operations should drive outcomes more than macro location risk. According to CRE market data from WDSuite, household growth within a 3-mile radius and rising incomes point to a steady or expanding tenant base, while median rents remain supported by local earning power.
Amenities skew toward essentials—restaurants, grocery, and pharmacies—providing convenience for residents, though limited parks and cafes reduce lifestyle differentiation. Overall, the setting supports reliable leasing with room for operational upside through targeted renovations, thoughtful unit mix management, and disciplined rent-to-income monitoring.
- Elevated home values support rental reliance and pricing power with prudent lease management.
- Above-median renter-occupied share indicates a deeper tenant pool and demand stability.
- 3-mile household growth and rising incomes bolster leasing prospects and renewal rates.
- Operational upside via unit upgrades and tenant retention strategies in a competitive occupancy environment.
- Risks: below-average safety metrics and limited parks/cafes warrant conservative underwriting and property-level mitigation.