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The Barnard Street Portfolio 2 Multifamily Properties Offered at $4,150,000 in Blythe, CA
INVESTMENT HIGHLIGHTS
- Strong In-Place Cash Flow | Portfolio-wide NOI of $334,676 and only 3 vacancies (~94% occupancy)
- Efficient Two-Property Portfolio | Neighboring 32-unit and 20-unit assets allow for shared management, reduced expenses, and operational scale.
- Renovated Units + Upside | Many units upgraded; additional value-add potential
- Stable Blythe Location | Near shopping, parks, schools, and I-10 access, with steady rental demand and limited competition
EXECUTIVE SUMMARY
This 52-unit portfolio delivers strong in-place cash flow, generating an NOI of $336,262 and a 8.10% cap rate at the $4.15M asking price. The two properties - Stardust Apartments and Bel Air Apartments, are located just blocks apart, enabling shared management and operational efficiencies. Many units have been recently renovated, offering a blend of stabilized income and value-add potential through continued upgrades and rent growth. Strategically positioned between Phoenix and Los Angeles along the I-10 corridor, the assets benefit from steady employment, strong tenant demand, and ongoing regional expansion.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $4,150,000 | Status | Active |
| Price / SF | $110.53 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.10% | Total Building Size | 37,546 SF |
| Sale Type | Investment | Total Land Area | 2.40 AC |
| Price | $4,150,000 |
| Price / SF | $110.53 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 37,546 SF |
| Total Land Area | 2.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Stardust Apartments
535 W Barnard St, Blythe, CA 92225 |
Multifamily | 19,450 SF | 1962 | - |
| 1020 E Barnard St, Blythe, CA 92225 | Multifamily | 18,096 SF | 1962 | - |
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