450 Hill Street, Oxnard, CA 93033 (MLS # V1-36962)
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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.
| DAYS ON MARKET | 5 | LAST UPDATED | 6/11/2026 |
|---|---|---|---|
| TRACT | Not Applicable | YEAR BUILT | 1963 |
| COMMUNITY | VC33 - Oxnard - Southwest / Port Huenem | COUNTY | Ventura |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | VC33 - Oxnard - Southwest / Port Huenem |
| HEAT | Wall Furnace |
| LOT | 1.19 acre(s) |
| LOT DIMENSIONS | 51835 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Not Applicable |
| VIEW DESCRIPTION | None |
TOTAL MONTHLY PAYMENT
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