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Multifamily

Sofi Thousand Oaks

Thousand Oaks, CA

191 Units

Built in 1973

Value Add

Investment Highlights

  • Sofi's central location is one of the premier all-around locations within Thousand Oaks given its low-density residential neighborhood vibe, proximity to local everyday amenities, & its accessibility.
  • Value-Add - Only 9 of 191 units (5%) have been renovated. Direct competitors have achieved rents $300-$600 higher than Sofi Thousand Oaks yet offer inferior locations and/or amenity packages.
  • Supply Constrained Market - In the past 30 years, only 476 total units and only two 50+ unit projects have been delivered in Thousand Oaks. This equates to a paltry 0.50% annual supply growth rate.
  • High Wage Jobs & Poised for Growth in Biotech - Thousand Oaks is the fastest growing biotech hub in the country. 15% of all jobs in Thousand Oaks are in the biotech sector with prominent nearby employers including Amgen (5,000 jobs), Los Robles Health System (1,640 jobs), Anthem (1,000 jobs), Baxter (950 jobs), Takeda (550 jobs), Dignity Health (610 jobs), and A2 Biotherapeutics (130 jobs). California's life science sector output has tripled since 2000, representing a compound annual average gro

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