450 Hill Street, Oxnard, CA 93033
Not Applicable · Ventura County
Key Facts
Description
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 6.01% cap rate and 9.65 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 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. 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.
Property Information
Property Type
Residential Income
Year Built
1963
Stories
2
Living Area
35,816 sq ft
Lot Size
1.19 acres
Parking Spaces
48
Days on Market
35
MLS® Listing#
V1-36962
Property Features
Cooling
Heating
Fireplace
Pool
Laundry
Community
Financial Details
Parcel Number
2030112490
Directions
Head south on Rice AvenueTurn left onto W. Wooley RoadTurn right onto S. A StreetTurn left onto Hill Street450 Hill Street will be on your right
Affordability Calculator
$2,350,000
Estimated monthly payment
$62,538/mo
Principal $9,400,000 · Est. interest $13,113,836 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Oxnard, CA
- $941,304
- Median Listing Price
- 49
- Median Days on Market
- 1,830
- Median Sq Ft
- $591
- Median Price / Sq Ft
- 217
- Active Listings
- This home’s price is 1148% above the area median.
- Its price per sq ft is 45% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Oxnard, CA.
Location
Points of Interest in Oxnard, CA
Showing the Oxnard area map.
Nearby Schools
Richard B Haydock Middle
School · 0.1 mi away
Oxnard School District
Elementary · 0.4 mi away
Driffill Elementary School
Elementary · 0.4 mi away
Nueva Vista School
School · 0.4 mi away
McKinna Elementary School
Elementary · 0.5 mi away
Kamala Elementary School
Elementary · 0.5 mi away
Lil' Saints
Elementary · 0.6 mi away
Santa Clara High School
Secondary · 0.6 mi away
New Harvest Christian School
Elementary · 0.6 mi away
Mexican Amer Opportunity Foundation
School · 0.6 mi away
Elm Street Elementary School
Elementary · 0.6 mi away
San Miguel Elementary School
Elementary · 0.6 mi away
Christian Calvary School
School · 0.8 mi away
Ofb Day Nursery School, Preschool & Kindergarten
School · 0.9 mi away
Harrington Elementary School
Elementary · 0.9 mi away
Vista Real Charter High School
Secondary · 0.9 mi away
Santa Clara Elementary School
Elementary · 1.0 mi away
Oxnard Union High School District
Secondary · 1.1 mi away
Condor High
Secondary · 1.2 mi away
Marina West Elementary
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5160 Neptune Square, Oxnard, CA | $8,250,000 | 6 | 7 | 5,394 |
Moving Cost Estimate
EXIT Agents in Oxnard
Listing Courtesy: Radius Group Commercial RE - sgolis@radiusgroup.com
Presented by: Steven Golis
Licensed in the state of California.