1022-1140 E Barnard St - Apartments FOR SALE


Blythe, CA 92225
$1,850,000 USD
909-905-0990
1022-1140 E Barnard St, Blythe, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/5
null | 8.22% Cap Rate

1022-1140 E Barnard St
Blythe, CA 92225


HIGHLIGHTS

  • Stable, income-producing apartment asset with multiple operational upside levers.
  • Tenants pay all utilities, including separately metered electrical, plus water and trash through RUBS billing.
  • Current ownership has invested significantly in capital expenditures, including HVAC, plumbing, roofing, electrical, and interior renovations.
  • Potential garage income with 19 garages available to repair and rent.
  • Room for two manufactured ADUs, subject to buyer verification and local approvals.
  • No city rent control allows for annual rental increases.

OVERVIEW

Bel Air Apartments is a 20-unit multifamily investment opportunity located on E. Barnard Street in Blythe, California. The property consists of two fourplexes and two sixplexes situated on approximately 1.35 acres, offering investors a stabilized apartment asset with multiple avenues for future income growth. The unit mix includes sixteen two-bedroom, one-and-one-half-bath units and four one-bedroom, one-bath units, serving a broad range of local housing demand.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

20

PRICE/UNIT

$92,500

CAP RATE

8.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bel Air Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

61

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

AC2

APN/PARCEL ID

851-061-015

ASK ABOUT THIS PROPERTY

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909-905-0990

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909-905-0990

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