It is definitely a bit of a sketchy neighborhood, and not for everyone.  My relative's wife would like to be able to walk outside the complex for exercise, but doesn't feel safe.  That said, it's a trade off.  She feels completely safe walking inside the complex.  The location is super convenient.  On balance, they love living there.  If you live the typical Anchorage lifestyle - i.e. you drive everywhere you go (garages are inside the complex) - it is not uncomfortable.  If you were trying to live without a car and had to be on the streets late at night, not so much.