450 Hill ST, Oxnard, CA 93033
450 Hill ST, Oxnard, CA 93033
450 Hill ST, Oxnard, CA 93033
450 Hill ST, Oxnard, CA 93033
450 Hill ST, Oxnard, CA 93033
450 Hill ST, Oxnard, CA 93033
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 12,250,000
Est. payment | /mo

1.19 Acres Lot

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$ 12,250,000
Est. payment | /mo
Save

1.19 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-36962

HOA Y/N No

Year Built 1963

Lot Size 1.190 Acres

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

Area Vc33 - Oxnard - Southwest / Port Huenem

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking, Curbs, Suburban, Sidewalks

View Y/N No

View None

Total Parking Spaces 48

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 2030112490

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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450 Hill ST