Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

308-316 S Spring St 8 Unit Apartment Building $649,000 ($81,125/Unit) 7.05% Cap Rate Blythe, CA 92225

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

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

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 with coupling population growth, 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

OM - S. Spring St.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $57,000 $9.50
Other Income - -
Vacancy Loss - -
Effective Gross Income $57,000 $9.50
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $57,000
Annual Per SF $9.50
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $57,000
Annual Per SF $9.50
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $649,000 Building Class C
Price Per Unit $81,125 Lot Size 0.34 AC
Sale Type Investment Building Size 6,000 SF
Cap Rate 7.05% Average Occupancy 100%
Gross Rent Multiplier 11.39 No. Stories 1
No. Units 8 Year Built 1950
Property Type Multifamily Parking Ratio 1.33/1,000 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.
Zoning R-M-L - Medium to Low Density Residential
Price $649,000
Price Per Unit $81,125
Sale Type Investment
Cap Rate 7.05%
Gross Rent Multiplier 11.39
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Building Class C
Lot Size 0.34 AC
Building Size 6,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1950
Parking Ratio 1.33/1,000 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.
Zoning R-M-L - Medium to Low Density Residential

Amenities

Site Amenities

  • Courtyard
  • Fenced Lot
  • Gated
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 750
1 1
308-316 S Spring St, Blythe, CA - Aerial map view
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Source: Local Logic®

Property Taxes

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
 Improvements Assessment $189,424 (2025)
Land Assessment $48,708 (2025) Total Assessment $238,132 (2025)

Property Taxes

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
Land Assessment
$48,708 (2025)
Improvements Assessment
$189,424 (2025)
Total Assessment
$238,132 (2025)
(626) 618-7100

Still interested?

Contact the broker for more information about this property

Contact

  • Justin Wu
    Justin Wu

  • Listing ID: 33765288

  • Date on Market: 11/5/2024

  • Last Updated:

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

More public record information on 308-316 S Spring St, Blythe, CA 92225

The Multifamily Property at 308-316 S Spring St, Blythe, CA 92225 is currently available for Sale. Contact Supreme Investment Corporation for more information.

NEARBY LISTINGS

1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
308-316 S Spring St, Blythe, CA for sale Primary Photo- Image 1 of 6
Primary Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 2 of 6
Building Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 3 of 6
Building Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 4 of 6
3
308-316 S Spring St, Blythe, CA for sale Aerial- Image 5 of 6
Aerial
1 of 1
308-316 S Spring St
(626) 618-7100 x

308-316 S Spring St

Justin Wu
(626) 618-7100

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.