450 Hill St Oxnard, CA 93033
Kamala Park NeighborhoodEstimated payment $66,656/month
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 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 Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 51,835 Sq Ft Lot
- Property is in average condition
Home Design
- 35,816 Sq Ft Home
Parking
- 48 Parking Spaces
- Carport
Location
- Property is near public transit, schools, shops, and bus stop
Listing and Financial Details
- Assessor Parcel Number 203-0-112-480
Community Details
Overview
- 48 Units
Building Details
- Gross Income $1,269,984
- Net Operating Income $735,955
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,875 | $450,496 | $61,178 | $389,318 |
| 2024 | $5,756 | $441,663 | $59,978 | $381,685 |
| 2023 | $5,555 | $433,003 | $58,802 | $374,201 |
| 2022 | $5,396 | $424,513 | $57,649 | $366,864 |
| 2021 | $5,354 | $416,190 | $56,519 | $359,671 |
| 2020 | $5,447 | $411,925 | $55,941 | $355,984 |
| 2019 | $5,299 | $403,849 | $54,845 | $349,004 |
| 2018 | $5,228 | $395,931 | $53,770 | $342,161 |
| 2017 | $4,975 | $388,168 | $52,716 | $335,452 |
| 2016 | $4,810 | $380,558 | $51,683 | $328,875 |
| 2015 | $4,857 | $374,843 | $50,907 | $323,936 |
| 2014 | $4,787 | $367,502 | $49,910 | $317,592 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | For Sale | $12,250,000 | -- | $342 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $5,000,000 | New Conventional | |
| Closed | $3,750,000 | Commercial | |
| Closed | $1,400,000 | Commercial | |
| Closed | $812,500 | Commercial |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1958
APN: 203-0-112-490
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