450 Hill Street, Oxnard, CA 93033

• 35,816 sqft

Property 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.

Listing Status:

Active

Date Added:

June 12, 2026

Data Last Updated:

June 24, 2026 at 1:16PM

Listing Office:

Radius Group Commercial RE : (805) 455-6891

Listing Agent:

Steven Golis : (805) 965-5500

MLS ID:

V1-36962

Interior

• Laundry: None
• A/C: None
• Heating: Wall Furnace
• Fireplace: None

Exterior

• General: None
• Pool: None
• Parking: Parking spaces: 48

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRF
• County: Ventura

Lot

• Zoning: 2030112490
• View: None

Financial

• Source: CRMLS_CRF