316 S Spring St Blythe, CA 92225
Estimated payment $3,644/month
Highlights
- 0.34 Acre Lot
- Private Yard
- Cul-De-Sac
- Property is near public transit
- No HOA
- Rectangular Lot
About This Home
Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents! All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!
Listing Agent
SUPREME INVESTMENT CORP Brokerage Phone: 909-973-1464 License #02029383 Listed on: 05/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,291
Year Built
- Built in 1957
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
- Cul-De-Sac
- Chain Link Fence
- Rectangular Lot
- Level Lot
- Private Yard
- Lawn
- Front Yard
- 848123001
Home Design
- Apartment
Interior Spaces
- 6,000 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Unassigned Parking
Location
- Property is near public transit
- Suburban Location
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 462
- Assessor Parcel Number 848123002
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
- The Chanslor Place Subdivision
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- Gardener Expense $300
- Insurance Expense $1,623
- Operating Expense $11,244
- Gross Income $57,000
- Net Operating Income $45,756
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,291 | $110,948 | $16,236 | $94,712 |
| 2023 | $1,291 | $106,641 | $15,606 | $91,035 |
| 2022 | $1,243 | $104,550 | $15,300 | $89,250 |
| 2021 | $1,212 | $102,500 | $15,000 | $87,500 |
| 2020 | $1,245 | $105,470 | $22,515 | $82,955 |
| 2019 | $1,235 | $103,403 | $22,074 | $81,329 |
| 2018 | $1,160 | $101,377 | $21,642 | $79,735 |
| 2017 | $1,137 | $99,390 | $21,218 | $78,172 |
| 2016 | $1,127 | $97,442 | $20,802 | $76,640 |
| 2015 | $1,117 | $95,981 | $20,491 | $75,490 |
| 2014 | $509 | $40,180 | $20,090 | $20,090 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $649,000 | +3145.0% | $108 / Sq Ft |
| 05/14/2013 05/14/13 | Sold | $20,000 | -42.9% | $11 / Sq Ft |
| 01/11/2013 01/11/13 | Pending | -- | -- | -- |
| 01/08/2013 01/08/13 | For Sale | $35,000 | -- | $19 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | -- | -- | |
| Contract Of Sale | -- | -- | |
| Contract Of Sale | -- | -- | |
| Contract Of Sale | -- | -- | |
| Grant Deed | $50,000 | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $20,000 | Orange Coast Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $24,500 | None Available | |
| Trustee Deed | $158,807 | Accommodation | |
| Grant Deed | $225,000 | Stewart Title Co | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Guaranty | |
| Grant Deed | $120,000 | First American Title Company | |
| Grant Deed | $130,000 | First American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $146,250 | Commercial | |
| Previous Owner | $157,500 | Purchase Money Mortgage | |
| Previous Owner | $97,500 | Commercial | |
| Previous Owner | $104,000 | Commercial | |
| Previous Owner | $100,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25097446
APN: 848-123-002
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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