Realty Solution
Powered by 
- 0
- 7
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
No HOA
Street View
Listed by: Steven Golis (805) 965-5500 DRE #00772218 | Radius Group Commercial RE (805) 455-6891
$11,750,000
Monthly Est:$58,484
3 Beds
2 Baths
35,816sqft
450 Hill St, Oxnard, CA 93033
$11,750,000
$58,484/moEst:
Get Pre-Approved
Multi Family
Built in 1963
$-- HOA
1.19 acres lot
$328/sq.ft
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 6.31% 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 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.
- Houzeo last checked: 9 minutes ago
- Listing updated: July 22, 2026 at 6:36 pm
- Source: California Regional MLS-CA | MLS#: V1-36962
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
35,816 sqft
Lot Size
1.19 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
V1-36962
MLS Status
Active
Days on Market
119
Cumulative Days on Market
41
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Heating
Wall Furnace
Cooling
None
Utilities & Energy
Pool Features
None
Laundry Features
None
Fireplace Features
None
Other Features
Community Features
Biking, Curbs, Suburban, Sidewalks
Lot Features
Sprinklers None
Subdivision Name
Not Applicable
Price History
| Date | Event | Price |
|---|---|---|
06/10/2026 Source: | Price Increased | $12,250,000 +4.26% $342/sqft |
06/10/2026 Source: | Listed for Sale | $11,750,000 $328/sqft |
Nearby Homes
Find Homes by Property Features in Oxnard, CA
Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 10:15AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage