$5,000,000

545 E Hobsonway Blythe, CA 92225

Estimated payment $31,301/month

46 Beds
47 Baths
33,404 Sq Ft
$150 Price per Sq Ft

Highlights

  • In Ground Pool
  • 1.57 Acre Lot
  • Air Conditioning

About This Home

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.

Listing Agent

Manny Nunez

CB Richard Ellis, Inc. License #01990970 Listed on: 11/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 1.57 Acre Lot
  • Lot Dimensions are 296x232

Interior Spaces

  • 33,404 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 46 Bedrooms
  • 47 Bathrooms

Parking

  • 47 Parking Spaces
  • Assigned Parking

Pool

  • In Ground Pool

Utilities

  • Air Conditioning
  • Cable TV Available

Community Details

  • 2 Buildings
  • 47 Units

Listing and Financial Details

  • The owner pays for water, gas, pool service
  • Assessor Parcel Number 845-164-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: 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.
  • Living Area: 33404
  • Lot Acreage: 1.5700
  • Lot Dimensions: 296x232
  • Stories: 2
  • Year Built: 1990
  • Builders Tract Name: Briarbrook
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 46
  • Total Bathrooms: 47.00
  • Equipment: Cable, Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
  • Price Per S Q F T: 149.68

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 47

Utilities

  • Cooling: Air Conditioning
  • Heating: Combination

Lot Info

  • Assessed Improvement Percent: 54.17
  • Assessed Improvement Value: 689785
  • Assessed Land Percent: 45.83
  • Assessed Land Value: 583664
  • Total Assessed Value: 1273449
  • Assessor Parcel Number: 845-164-001
  • Lot Size Area: 68389

Rental Info

  • Owner Pays: Water, Gas, Pool Service
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.81
  • Number Of Units: 47
  • Type Of Units: Multifamily

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 For Sale $5,000,000 -- $150 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25617649

The MLS
California Riverside County Blythe 92225

545 E Hobsonway, Blythe, CA

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Nearby Homes
Listing Agent
Manny Nunez
CB Richard Ellis, Inc.