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308-316 S Spring St

8 Unit Apartment Building $992,228 CAD ($124,028 CAD/Unit) Blythe, CA 92225

Apartment Buildings California Blythe 308-316 S Spring St, Blythe, CA 92225

Investment Highlights

  • Fenced Corner Property
  • 100% Occupied
  • Power Separately Metered
  • 2 Parcels Total (4-units/Parcel)
  • Room to Raise Rents nearly 50%

Executive Summary

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!

Attachments

Rent Roll - S. Spring St.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $80,796 $28.86
Other Income $3,969 $1.42
Vacancy Loss - -
Effective Gross Income $84,765 $30.27
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $80,796
Annual Per SF $28.86
Other Income (CAD)
Annual $3,969
Annual Per SF $1.42
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $84,765
Annual Per SF $30.27
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $992,228 CAD Lot Size 0.51 AC
Price Per Unit $124,028 CAD Building Size 6,800 SF
Sale Type Investment Average Occupancy 100%
Gross Rent Multiplier 12.28 No. Stories 1
No. Units 8 Year Built 1957
Property Type Multifamily Parking Ratio 1.18/1,000 SF
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class C
Price $992,228 CAD
Price Per Unit $124,028 CAD
Sale Type Investment
Gross Rent Multiplier 12.28
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Building Class C
Lot Size 0.51 AC
Building Size 6,800 SF
Average Occupancy 100%
No. Stories 1
Year Built 1957
Parking Ratio 1.18/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

  • Courtyard
  • Fenced Lot
  • Gated
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 850
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308-316 S Spring St, Blythe, CA - aerial map view

PROPERTY TAXES

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
 Improvements Assessment $256,524 CAD
Land Assessment $65,963 CAD Total Assessment $322,487 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
Land Assessment
$65,963 CAD
Improvements Assessment
$256,524 CAD
Total Assessment
$322,487 CAD

zoning

Zoning Code R-M-L (Medium to Low Density Residential)
R-M-L (Medium to Low Density Residential)
(626) 618-7100

Contact

  • Listing ID: 33765288

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 308-316 S Spring St, Blythe, CA 92225

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308-316 S Spring St
(626) 618-7100 x

308-316 S Spring St

Justin Wu

(626) 618-7100

(626) 618-7100

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