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450 Hill Street, Oxnard, CA 93033

Oxnard
Local realty services provided by:CENTURY 21 Masters
450 Hill Street,Oxnard, CA 93033
$11,750,000
  • - Beds
  • - Baths
  • 35,816 sq. ft.
  • Multi-family
  • Pending
Listed by: steven j golis
Office: radius group commercial r.e.
MLS#:26-1958
Source:SBAOR

Price summary

  • Price:$11,750,000
  • Price per sq. ft.:$328.07

About this home

450-508-516 W Hill Street 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 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...

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Home facts

  • Year built:1963
  • Listing ID #:26-1958
  • Added:94 day(s) ago
  • Updated:September 14, 2026 at 08:15 AM

Rooms and interior

  • Living area:35,816 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:35,816 sq. ft.
  • Lot area:0.56 Acres
  • Lot Features:Near Public Transit

Schools

  • High school:Other
  • Middle school:Other
  • Elementary school:Other

Finances and disclosures

  • Price:$11,750,000
  • Price per sq. ft.:$328.07
Based on information from the Santa Barbara MLS as of September 14, 2026 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. SBAOR Member Broker: Randy Thompson

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