450 Hill St, Oxnard, CA, 93033
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Foundation: Slab
- Roof: Other
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 48
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 51,835
- Total interior livable area: 51,835 sqft
Property
Details
- Parcel number: 2030112480
- Zoning description: Multi-Fam R3
- Special condition: Other
Features
- Stories: 2
Lot
- Lot size: 0.56 Acres
- Features: Other
Parking
- Parking features: Covered,26 - 50,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in Ventura County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $59,414 | $712,968 |
| Home Insurance * | $1,939 | $23,268 |
| Property Taxes | $6,756 | $81,072 |
| Electricity | $11,115 | $133,384 |
| Total | $79,224 | $950,688 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-12 | Pending sale | $11,750,000 |
| 2026-07-16 | Price change | $11,750,000 |
| 2026-06-12 | Listed for sale | $12,250,000 |
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