450 Hill Street, Oxnard, CA 93033
450 Hill Street, Oxnard, CA 93033
450 Hill Street, Oxnard, CA 93033
15
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$12,250,000
Est. payment /mo
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2 Beds
1 Bath
1.19 Acres Lot
Active

450 Hill Street Oxnard, CA 93033

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Mike Acker

Mike Acker

+1(619) 454-0620

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-36962

Bedrooms 2

Lot Size 1.190 Acres

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County Ventura

Zoning Public Rec

Direction Head south on Rice AvenueTurn left onto W. Wooley RoadTurn right onto S. A StreetTurn left onto Hill Street450 Hill Street will

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 2030112490

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

MLS Router / San Diego MLS
Listed by Steven Golis, DRE#00772218 Radius Group Commercial RE 

NEARBY SCHOOL & BUSINESS

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Mike Acker

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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450 Hill Street

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