545 Hobsonway, Blythe, CA 92225
  • MLS#: 25617649 ( )
  • Street Address: 545 Hobsonway
  • Viewed: 1
  • Price: $5,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1990
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: RIVERSIDE
  • City: Blythe
  • Zipcode: 92225
  • Subdivision: Briarbrook
  • Provided by: CB Richard Ellis, Inc.
  • Contact: Manny Manny
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Seller will carry and property may be eligible for 100% Bonus depreciation, contact listing agent for more information. For Sale is 545 E Hobson Way a rare opportunity to acquire a 100% vacant turnkey multifamily conversion located in the heart of Blythe, California. Originally constructed as a 60 key hotel, the property has been repositioned into 47 apartment units (C of O pending), offering a unique blend of modernized living spaces and value add potential. Situated along Hobson Way, the city's primary commercial corridor, the property benefits from excellent visibility, convenient access to Interstate10, and proximity to retail, employment centers, and lifestyle amenities. Blythe's strategic position between Los Angeles, Phoenix, and the Coachella Valley makes it an attractive hub for renters seeking affordability in Southern California. With increasing barriers to new construction and the growing need for affordable housing across the Inland Empire and outlying markets, 545 E Hobson Way is positioned as a recession resilientasset. The property provides investors with multiple paths for growth and an excellent hedge against inflation.
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Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 33404.00
Country
  1. US
Heating
  1. Combination
Levels
  1. Two
Netoperatingincome
  1. 330130.00
Parcel Number
  1. 845164001
Parking Features
  1. Assigned
Pool Features
  1. In Ground
Postalcodeplus4
  1. 1736
Sourcesystemkey
  1. 25617649:CLAW
Subdivision Name Other
  1. Briarbrook
Tenant Pays
  1. Electricity
Totalexpenses
  1. 224020.00
Year Built
  1. 1990
Zoning
  1. C2