| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 60th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2350 Peacock Ave, Ventura, CA, 93003, US |
| Region / Metro | Ventura |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2350 Peacock Ave Ventura Multifamily Investment
Stabilized renter demand in an Inner Suburb pocket of Ventura supports consistent leasing, with neighborhood occupancy near the mid-90s and a strong renter concentration, according to WDSuite’s CRE market data. Elevated for-sale home values in Ventura further sustain reliance on multifamily housing.
Ventura’s Inner Suburb setting around 2350 Peacock Ave shows balanced fundamentals for income stability. The neighborhood ranks 10th of 172 metro neighborhoods (A rating), placing it in the top tier locally. Amenity access is a strength: cafes rank 2nd of 172 and restaurants are competitive metro-wide, with both categories in high national percentiles, supporting day-to-day convenience that helps with tenant retention.
Occupancy in the neighborhood is 94.4% with a modest five-year improvement, suggesting resilient absorption. Median contract rents benchmark high for the region and sit in elevated national percentiles, while the rent-to-income ratio trends lower than many U.S. neighborhoods, indicating comparatively manageable affordability pressure from an investor perspective. Schools average about 3.0 out of 5 and score above the national midpoint, a neutral-to-supportive factor for family-oriented renter demand.
Renter-occupied housing accounts for 53.7% of units in this neighborhood (91st percentile nationally), signaling a deep tenant base for multifamily. Within a 3-mile radius, households have grown over the last five years and are projected to expand further, pointing to a larger tenant base and supporting occupancy stability. Degree attainment in the neighborhood sits in a high national percentile, aligning with the area’s higher-income mix and reinforcing demand for quality rental product.
The asset’s 1972 vintage is older than the neighborhood’s average construction year (1985). For investors, this typically means planning for targeted capital expenditures and potential value-add upgrades to remain competitive against newer stock, while leveraging the neighborhood’s amenity depth and sustained renter demand.
Safety indicators here trend below both national and metro norms. The neighborhood’s overall crime position ranks 141st of 172 within the Oxnard–Thousand Oaks–Ventura metro, and national percentiles are low (e.g., around the 12th percentile), signaling comparatively higher reported crime rates than many U.S. neighborhoods.
Recent estimates also indicate an uptick in property and violent incident rates year over year. For underwriting, investors typically account for this with enhanced security measures, tenant screening, and conservative loss assumptions. Conditions can vary block to block, so neighborhood-level trends are the more appropriate frame for portfolio risk management.
- Amgen — biotechnology (16.7 miles) — HQ
- Thermo Fisher Scientific — life sciences (33.1 miles)
- Farmers Insurance Exchange — insurance (34.7 miles) — HQ
- Boston Scientific Neuromodulation — medical devices (38.0 miles)
- AmerisourceBergen — healthcare distribution (38.3 miles)
Major regional employers within commuting range support a diverse professional tenant base, led by life sciences, healthcare distribution, and insurance. Proximity to these job centers can aid leasing velocity and retention.
2350 Peacock Ave benefits from a top-tier neighborhood position within the metro, strong amenity access, and a renter-heavy housing mix that supports leasing durability. Neighborhood occupancy is 94.4% with a steady five-year trend, and home values sit in high national percentiles—factors that help sustain reliance on multifamily rentals and support pricing power. The 1972 vintage is older than the local average, creating a practical path for value-add upgrades to kitchens, baths, systems, and common areas to enhance competitiveness and capture rent premiums.
Within a 3-mile radius, household counts have ticked up and are projected to grow further, implying a larger tenant base over the medium term and supporting occupancy stability. Renter-occupied share near 54% at the neighborhood level underscores depth of demand. According to CRE market data from WDSuite, rents benchmark high relative to national norms while rent-to-income levels remain comparatively manageable, which can aid lease retention with thoughtful rent management. Key risks include below-average safety readings and capital needs tied to the older vintage; both can be mitigated through security investments and phased renovations.
- Top-tier neighborhood rank (10th of 172) with strong amenity access supporting retention
- 94.4% neighborhood occupancy and a high renter-occupied share indicate durable demand
- 1972 vintage provides clear value-add and system upgrade opportunities
- High home values reinforce reliance on rentals, aiding pricing power
- Risks: below-metro safety rankings and capex needs from older construction