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0 Baths
35,816 sqft

$11,750,000

450 Hill Street, Oxnard CA, 93033

Price per sqft$328.07
Built in1963
Property size35,816 sqft
Property typeResidential
Listed by Steven Golis CA DRE# 00772218 with Radius Group Commercial RE [email protected]

Overview

Pending

Listed Jun 12, 2026

Updated 4 weeks ago

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 asset of this size and quality in Oxnard are increasingly rare, making 450-508-516 W Hill Street a compelling investment opportunity with both current cash flow and future upside.

$78,173/mo

Est. mortgage payment based on a $11,750,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
V1-36962

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.19 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Steven Golis CA DRE# 00772218 with Radius Group Commercial RE [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/13/2026 at 5:23 AM UTC Last Checked: 5:23 AM UTC

 

 

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