450 Hill Street
Oxnard, CA 93033
3
Bed
2
Bath
51,835Sqft(Lot)
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 gro
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1963Building Area Total: 35816Stories: 2Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 51835 Lot Size Acres: 1.19 Lot Size Source: PublicRecords Lot Size Square Feet: 51,835 Lot Description: SprinklersNoneProperty Information
Subdivision: Not Applicable Source Property Type: ResidentialIncome Levels: Two Property Age: 63
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Listing Price Information
Listing Price: $11750000Original Price: $12250000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 2030112490
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Parking Information
Parking Total: 48
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Location Information
Direction: 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
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 102 Fontana Drive #267, Oxnard, CA, 93033 | $300,000 | 3 | 2 | 1,500 | 1,500 SqFt |
| 3700 Olds Road #86, Oxnard, CA, 93033 | $260,000 | 2 | 2 | 1,040 | 1,040 SqFt |
| 1928 San Benito Street, Oxnard, CA, 93033 | $1,000,000 | 6 | 4 | 2,726 | 2,726 SqFt |
| 1928 San Benito Street, Oxnard, CA, 93033 | $1,000,000 | 5 | 3 | -- | |
| 3560 San Simeon Avenue, Oxnard, CA, 93033 | $775,000 | 5 | 4 | 2,032 | 2,032 SqFt |
| 4400 Hamilton Avenue, Oxnard, CA, 93033 | $755,000 | 3 | 2 | 1,381 | 1,381 SqFt |
| 861 Morro Way, Oxnard, CA, 93033 | $750,000 | 3 | 2 | 1,144 | 1,144 SqFt |
| 565 E Olive Street, Oxnard, CA, 93033 | $785,000 | 3 | 3 | 1,264 | 1,264 SqFt |
| 1159 C Street, Oxnard, CA, 93033 | $1,250,000 | 7 | 4 | -- | |
| 3631 La Costa Place, Oxnard, CA, 93033 | $789,000 | 4 | 2 | 1,199 | 1,199 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 13:25
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