545 E Hobson Way - Hospitality FOR SALE


Blythe, CA 92225
$3,000,000 USD
310-925-2551
545 E Hobson Way, Blythe, CA for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/19
null | 12.46% Cap Rate

545 E Hobson Way
Blythe, CA 92225


HIGHLIGHTS

  • Unit Mix - 47 Units 9 x Studio | 30 x 1B/1BA | 8 x 2B/1BA
  • Seller Financing Available
  • Strong Workforce Housing Rental Demand: Consistently high demand for workforce housing in Blythe driven by limited new construction
  • Affordable Entry Price: Offering at a compelling basis below replacement cost
  • Operational Flexibility: Potential for both market-rate and government-subsidized rental strategies
  • Transportation Connectivity: Immediate access to Interstate 10, linking Southern California with Arizona markets

OVERVIEW

CBRE is pleased to present investors with the opportunity to acquire 545 E Hobson Way presents a rare opportunity to acquire a 100% vacant turnkey multifamily conversion located in the heart of Blythe, California. Originally constructed as a 60-key hospitality asset, the property has been repositioned into 47 apartment units, offering a unique blend of modernized living spaces and value-add potential. Seller financing available. Please contact listing agent. Situated along Hobson Way—the city’s primary commercial corridor—the property benefits from excellent visibility, convenient access to Interstate 10, 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-resilient asset. The property provides investors with multiple paths for growth and an excellent hedge against inflation.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$94 USD /SF

# OF ROOMS

67

PRICE/ROOM

$44,776 {currency}

CAP RATE

12.46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hobsonway Apartments

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

C2

APN/PARCEL ID

845-164-001

ASK ABOUT THIS PROPERTY

Manny NunezCBRE, Inc.More Info
310-925-2551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Manny NunezCBRE, Inc.More Info
310-925-2551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.