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230 E HOBSONWAY, BLYTHE, CA 92225

  • $729,900 
  • 0Beds
  • 0Baths
  • Sqft
  • Style
  • Residential Income
  • Listed Date 12/21/2017
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  • Open House
  • NEWLY PRICED
  • Luxury
  • Pending
  • New Listing 12/21/2017
  • Coming Soon
  • Sold
  • Rental
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Interested in this property

This sale consists of two separate income assets; a retail strip center and a multifamily property. With a combined 17 units and 13,300 rentable square feet, this income portfolio offers investors the opportunity for a high returning asset. The pro forma cap rate is over 9%. The multifamily property has a great unit mix with two studios, four one bedrooms one bath units, and (2) two bedroom one bath units. The retail strip center offers nine units with eight units measuring at approx. 850 square feet each. There is one unit that has approximately 1700 square feet. Both properties have had some updates. The expenses on these units are minimal with the tenants being responsible for most. The tenants at the retail strip center are on a modified gross lease. Submit all offers!

Listing courtesy of: Daniel Escutia, Esen Real Estate Services
  • Property type: Residential Income
  • Status: Active
  • List Price: $729,900
  • MLS# OC17278462
  • Beds: 0
  • Baths: 0
  • Listed: 12/21/2017
  • Sqft:
  • Age: 76
  • Assessments: Unknown
  • Attached Garage YN: No
  • Auto Sold YN: No
  • Average Studio Area Units: Square Feet
  • Building Area Total: 13300
  • Building Area Units: Square Feet
  • Common Walls: 2+ common walls, No one above
  • Community Features: Sidewalks
  • Cooling YN: No
  • County Or Parish: Riverside
  • Electric Expense: 0
  • Elevation Units: Feet
  • Garage Space: 0.00
  • Heating YN: No
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • Laundry Features: See Remarks
  • Pool Features: None
  • WaterWellYN: No
  • Year Built: 1942
  • Zoning: C2

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Nearby Schools

twin palms continuation school (9-12)
811 w chanslor way
blythe, CA 92225
place0.88 miles from listing, web Website 18 students per teacher Educational climate index: low
5 staff members 90 total students Poverty level:16 - 29.9 percent percent Enrollment change: +20% to +50%
blythe middle school (7-8)
825 n lovekin blvd
blythe, CA 92225
place1.12 miles from listing, web Website 20 students per teacher Educational climate index: low
25 staff members 500 total students Poverty level:16 - 29.9 percent percent Enrollment change: -10% to -15%
palo verde high school (9-12)
667 n lovekin blvd
blythe, CA 92225
place0.99 miles from listing, web Website 19 students per teacher Educational climate index: low
49 staff members 957 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
margaret white elementary school (k-6)
610 n broadway
blythe, CA 92225
place0.68 miles from listing, web Website 29 students per teacher Educational climate index: low
23 staff members 675 total students Poverty level:16 - 29.9 percent percent Enrollment change: -5% to -10%
ruth brown elementary school (k-6)
241 n 7th st
blythe, CA 92225
place0.44 miles from listing, web Website 28 students per teacher Educational climate index: low
22 staff members 627 total students Poverty level:16 - 29.9 percent percent Enrollment change: -10% to -15%
felix j. appleby elementary school (k-6)
10321 e vernon ave
blythe, CA 92225
place0.78 miles from listing, web Website 18 students per teacher Educational climate index: low
30 staff members 540 total students Poverty level:16 - 29.9 percent percent Enrollment change: -5% to -10%
palo verde valley community day school (6-10)
667 e hobsonway
blythe, CA 92225
place0.30 miles from listing, web Website Not Reported students per teacher Educational climate index: low
staff members 23 total students Poverty level:16 - 29.9 percent percent Enrollment change: -20% to -50%
escuela de la raza unida (2-11)
137 n broadway
blythe, CA 92225
place0.14 miles from listing, web Website Not Reported students per teacher Educational climate index: unclassified
2 staff members 16 total students Poverty level:16 - 29.9 percent percent Enrollment change:
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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