450 Hill Street, OXNARD, CA 93033 (MLS# 26-1958)

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450 Hill Street, OXNARD, CA 93033

New Listing

$12,250,000

Property Type: Res Inc Square Footage: 35,816 Lot Size (sq. ft.): 51,835 Status: Active

Current Price: $12,250,000 List Date: 6/12/2026 Last Modified: 6/12/2026

Overview

Description

450-508-516 W Hill Street 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 6.01% cap rate and 9.65 GRM based on in-place income, providing investors with immediate cash flow and proven performance.

Supplements: As rents continue to be adjusted toward market levels, the property offers the potential to achieve a 6.90% cap rate and 8.64 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. Opportu ... (Read more)

Listing Details MLS# 26-1958

Location Info

District: 00 - VENTURA
Street #: 450
Street Name: Hill
Street Suffix: Street
State: CA
Country: US
Postal Code: 93033
County: Ventura
Parcel Number: 203-0-112-480
Cross Street: S. C Street

Contract Info

Price: 12250000
Begin Date: 2026-06-11

Property Information

Number of Units: 48
Year Built: 1963
Main House SqFt: 35816
Apx # Acres: 0.56
Apx Lot SqFt: 51835
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 48

More Information

Unit 1

# Units: 44
# Bedrooms: 2
# Baths: Yes
Rent: 98374
Monthly Total: 98374
# Half Baths: 0

Unit 2

# Units: 4
# Bedrooms: Yes
# Baths: Yes
Rent: 7458

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Condition

Fair: Yes

Proximity

Near Bus: Yes
Near Grocery: Yes
Near School(s): Yes
Near Shopping: Yes

Income/Expenses

Total Monthly Income: 105832
Annual Income: 1269984
Gross Rent Multiplr: 9.65
Capitalization Rate: 6.01
Total Monthly Exp: 470529
NOI: 735955

Zoning

R-3: Yes

Reports Available

Prelim: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Carport: Yes
Mixed: Yes

Property Features

Condition: Fair Parking Info: Carport; Mixed; Carport Proximity: Near Bus; Near Grocery; Near School(s); Near Shopping Zoning: R-3 Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER

Documents

Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: June - 12 - 2026

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