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.
Property Type(s):
Residential Income
|
Last Updated
|
7/16/2026
|
Tract
|
Not Applicable
|
|
Year Built
|
1963
|
Community
|
VC33 - Oxnard - Southwest / Port Huenem
|
|
County
|
Ventura
|
Price History
|
Prior to Jul 16, '26
|
$12,250,000 |
| Jul 16, '26 - Today |
$11,750,000 |
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 |
Location
Listed with Radius Group Commercial RE
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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