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$ 5,000,000
Est. payment | /mo
46 Beds
47 Baths
33,404 SqFt
$ 5,000,000
Est. payment | /mo
46 Beds
47 Baths
33,404 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 33,404 sqft
Price per Sqft $149
Subdivision Briarbrook
MLS Listing ID 25617649
Bedrooms 46
HOA Y/N No
Year Built 1990
Lot Size 1.570 Acres
Property 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.
Location
State CA
County Riverside
Area 374 - Blythe
Zoning C2
Interior
Heating Combination
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Parking Features Assigned
Pool In Ground
Total Parking Spaces 47
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 845164001
Special Listing Condition Standard
Listed by Manny Nunez CB Richard Ellis, Inc.
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