450 Hill Street, Oxnard, CA 93033

Oxnard
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
450 Hill Street,Oxnard, CA 93033
$11,750,000
  • - Beds
  • - Baths
  • 35,816 sq. ft.
  • Multi-family
  • Pending
Listed by: steven golis
Office: radius group commercial re805-455-6891
MLS#:V1-36962
Source:CRMLS

Price summary

  • Price:$11,750,000
  • Price per sq. ft.:$328.07

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

  • Year built:1963
  • Subdivision & Development:Not Applicable
  • Listing ID #:V1-36962
  • Added:95 day(s) ago
  • Updated:September 15, 2026 at 09:19 AM

Rooms and interior

  • Living area:35,816 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Building area:35,816 sq. ft.
  • Lot area:1.19 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$11,750,000
  • Price per sq. ft.:$328.07

Parking

  • Total parking spaces:48
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