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 6.31% cap rate and 9.25 GRM based on in-place income, providing investors with immediate cash flow and proven performance.
Pending
Price cut: $500K (7/16)
$11,750,000
450 Hill St, Oxnard, CA 93033
3beds
51,835sqft
Multi Family
Built in 1963
-- sqft lot
$10,803,200 Zestimate®
$227/sqft
$-- HOA
What's special
- 53 days
- 38
- 0
Zillow last checked:
Listing updated:
Listed by:
Steve Golis DRE#: 00772218 805-965-5500,
Radius Commercial RE
Source: North Santa Barbara County MLS,MLS#: 26001473
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 48
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 51,835
- Total interior livable area: 51,835 sqft
Property
Parking
- Parking features: Covered, 26 - 50, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.56 Acres
- Features: Other
Details
- Parcel number: 2030112480
- Zoning description: Multi-Fam R3
- Special conditions: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
- Roof: Other
Condition
- Year built: 1963
Community & HOA
Location
- Region: Oxnard
Financial & listing details
- Price per square foot: $227/sqft
- Date on market: 7/22/2026
- Cumulative days on market: 54 days
- Listing terms: Cash,Other,1031 Exchange
Estimated market value
$10,803,200
$10.16M - $11.34M
$2,604/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Pending sale | $11,750,000$227/sqft |
Source:  SBMLS #26-1958 Report a problem | ||
| 7/16/2026 | Price change | $11,750,000-4.1%$227/sqft |
Source: SBMLS #26-1958 Report a problem | ||
| 6/12/2026 | Listed for sale | $12,250,000$236/sqft |
Source: SBMLS #26-1958 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Kamala Park
Local buyer's agents are ready to help
