450 Hill Street, Oxnard, CA 93033

Oxnard
Local realty services provided by:ERA North Orange County Real Estate
450 Hill Street,Oxnard, CA 93033
$11,750,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: steven golis
Office: radius group commercial re
MLS#:V1-36962
Source:San Diego MLS via CRMLS

Price summary

  • Price:$11,750,000

About this home

450-508-516 W HILL ST presents a rare opportunity to acquire a 48-unit multifamily asset in one of Oxnard's most consistently sought-after rental markets. The property features an ideal workforce/family housing unit mix of 44 two-bedroom/one-bath units and 4 one-bedroom/one-bath units, a configuration that continues to experience strong tenant demand. Under long-term ownership, the property has maintained historically strong occupancy and stable operations. The asset currently operates at a 6.31% cap rate and 9.25 GRM based on in-place income, providing investors with immediate cash flow and proven performance. As rents continue to be adjusted toward market levels, the property offers the potential to achieve a 7.25% cap rate and 8.28 GRM, highlighting a clear path to additional income growth.Supported by strong rental demand, limited vacancy, and a durable tenant base, the property offers the scale and stability sought by multifamily investors. Opportunities to acquire a 48-unit...

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Home facts

  • Listing ID #:V1-36962
  • Added:53 day(s) ago
  • Updated:August 04, 2026 at 02:11 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$11,750,000
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