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450, 508 & 516 Hill St - 48 Unit Asset 2 Multifamily Properties Offered at $12,250,000 in Oxnard, CA
Investment Highlights
- 48-Unit Multifamily Asset in a high-demand Oxnard rental market with a proven history of strong occupancy and stable operations.
- Immediate Cash Flow Opportunity with a current 6.01% cap rate and 9.65 GRM based on in-place income.
- Rare Scale in a Supply-Constrained Market offering investors a sizable 48-unit acquisition opportunity supported by strong tenant demand and limited v
- Desirable Workforce Housing Unit Mix featuring 44 two-bedroom/one-bath units and 4 one-bedroom/one-bath units.
- Value-Add Rental Upside with potential to achieve a 6.90% cap rate and 8.64 GRM as rents are adjusted toward market levels.
Executive Summary
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.
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 Facts
| Price | $12,250,000 | Number of Properties | 2 |
| Price / SF | $315.14 / SF | Individually For Sale | 0 |
| Cap Rate | 6.01% | Total Building Size | 38,872 SF |
| Sale Type | Investment | Total Land Area | 1.20 AC |
| Status | Active |
| Price | $12,250,000 |
| Price / SF | $315.14 / SF |
| Cap Rate | 6.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,872 SF |
| Total Land Area | 1.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 450 Hill St, Oxnard, CA 93033 | Multifamily | 20,156 SF | 1963 | - |
| 508-516 Hill St, Oxnard, CA 93033 | Multifamily | 18,716 SF | 1964 | - |
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450, 508 & 516 Hill St - 48 Unit Asset
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