450 Hill St Oxnard, CA 93033
Kamala Park NeighborhoodEstimated payment $64,948/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 6.31% cap rate and 9.25 GRM based on in-place income, providing investors with immediate cash flow and proven performance.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Parking
- On-Street Parking
Home Design
- 51,835 Sq Ft Home
- Slab Foundation
Bedrooms and Bathrooms
- 92 Bedrooms
- 48 Full Bathrooms
Additional Features
- 24,394 Sq Ft Lot
- Heating Available
Community Details
- 2 Units
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 |
|---|---|---|---|---|
| 08/12/2026 08/12/26 | Pending | -- | -- | -- |
| 07/22/2026 07/22/26 | For Sale | $11,750,000 | -- | $227 / 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: North Santa Barbara County Regional MLS
MLS Number: 26001473
APN: 203-0-112-490
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