John E Burge

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450 Hill StreetOxnard, CA 93033

Multi-Family · 35,816 Sq. ft. | 1.19 Acres
$12,250,000 Active

450 Hill Street Overview

Time on Site:
18 days
Visits:
0

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.

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450 Hill Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 35,816
  • Price/Sq.ft. $342
  • Lot 1.19 Acres

Details

General

Income/Expenses

  • Electric Expense: 8000.0
  • Gross Income: 1269984.0
  • Gross Scheduled Income: 1269984.0
  • Insurance Expense: 48000.0
  • Net Operating Income: 735955.0
  • Operating Expense: 470529.0
  • Trash Expense: 22000.0
  • Water Sewer Expense: 55000.0

Building Information

  • Year Built: 1963

Location/Region

  • Country: US
  • County Or Parish: Ventura
  • MLS Area Major: VC33 - Oxnard - Southwest / Port Huenem
  • Postal City: OXNARD
  • Subdivision Name: Not Applicable

Community/Development

  • Community Features: Biking,Curbs,Suburban,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan,1031 Exchange
  • Parcel Number: 2030112490
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 35816.0

General Information

  • Common Walls: No One Above,No One Below
  • Fireplace Features: None
  • Fireplace: No
  • Laundry Features: None
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 48.0

Lot Information

  • Lot Features: Sprinklers None
  • Lot Size Acres: 1.19
  • Lot Size Area: 51835.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 51835.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 48
  • Number Of Separate Gas Meters: 48
  • Number Of Separate Water Meters: 48

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes

    General Information

    • Pool Features: None
    • Pool Private: No

    450 Hill Street Neighborhood

    Community

    93033 (Oxnard) Demographics

    30
    Median Age
    2,882
    Population Density (per sq. mile)
    16%
    College Educated
    $68,542
    Estimated Median Income
    9,752
    Estimated Total Home Owners
    7,052
    Estimated Total Renters
    58% / 42%
    Estimated Owner / Renter Divide
    5
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    450 Hill Street Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    450 Hill Street Market Data

    Based on the last 30 days in this zip code

    $612,079
    Average List Price
    $496
    Average Price per Square Foot
    11
    Properties Sold
    52
    Average Days on Market
    59
    Properties for Sale
    Calculations provided by Reliance Network

    450 Hill Street History

    Date Event Value Agent
    6/11/2026Source: CRMLS Added to Database
    June 11, 2026
    Listing provided courtesy of Radius Group Commercial RESteven Golis- MLS# V1-36962MLS ProviderContact Information: [email protected] - (805) 455-6891
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