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450, 508 & 516 Hill St - 48 Unit Asset
Oxnard, CA Kamala Park

$12,250,000 USD

Multifamily For Sale  •  38,872 SF

2 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 6.01 %
50 Transit Score
50 Walk Score

Highlights

48-Unit Multifamily Asset in a high-demand Oxnard rental market with a proven history of strong occupancy and stable operations.
Desirable Workforce Housing Unit Mix featuring 44 two-bedroom/one-bath units and 4 one-bedroom/one-bath units.
Immediate Cash Flow Opportunity with a current 6.01% cap rate and 9.65 GRM based on in-place income.
Value-Add Rental Upside with potential to achieve a 6.90% cap rate and 8.64 GRM as rents are adjusted toward market levels.
Rare Scale in a Supply-Constrained Market offering investors a sizable 48-unit acquisition opportunity supported by strong tenant demand and limited v

Property Flyers

Cap Rate: 6.01 %

Public Transportation

Commuter RailDriveWalkDistance
Oxnard (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 3 min - 1.3 mi
East Ventura Metrolink Station (Metrolink Ventura County Line - Metrolink Trains) 11 min - 5.8 mi
Steve Golis 805-698-0174 Radius Commercial Real Estate
Steve Golis 805-698-0174 Radius Commercial Real Estate