545 E Hobsonway, Blythe, CA 92225
Local realty services provided by:CENTURY 21 Coastal Properties
545 E Hobsonway,Blythe, CA 92225
$2,100,000
- 46 Beds
- 47 Baths
- 33,404 sq. ft.
- Multi-family
- Active
Listed by: manny nunez
Office: cb richard ellis, inc.
MLS#:26858531
Source:CRMLS
Price summary
- Price:$2,100,000
- Price per sq. ft.:$62.87
About this home
The seller may also consider carrying a portion of the purchase price for qualified buyers. Additionally, the seller may be willing to complete the remaining construction under a separate agreement, providing flexibility for investors seeking a more streamlined path to project completion. 545 E Hobsonway presents the opportunity to acquire a 47-unit hotel-to-multifamily last-phase conversion project located in Blythe, California. Originally constructed as a 60-key hospitality asset, the property is being repositioned into 47 residential units totaling approximately 33,404 square feet and is currently 100% vacant, providing a new owner with the ability to complete construction and implement a full lease-up strategy. Substantial progress has already been made toward the conversion, including significant electrical, plumbing, HVAC, and interior improvements. The sale also includes approximately $250,000 of construction materials already purchased and on site, allowing an investor to step into a project where a meaningful portion of both the construction work and remaining materials have already been secured. Situated along Hobsonway, Blythe's primary commercial corridor, the property benefits from strong visibility, proximity to retail and services, and convenient access to Interstate 10, connecting the market to Southern California, Phoenix, and the Coachella Valley. The property has been recently repriced, creating an opportunity to acquire a partially completed multifamily project at a basis well below replacement cost, with meaningful upside through completion and stabilization in a market supported by consistent demand for workforce and affordable housing....
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Home facts
- Year built:1990
- Listing ID #:26858531
- Added:1 day(s) ago
- Updated:July 11, 2026 at 03:33 AM
Rooms and interior
- Bedrooms:46
- Total bathrooms:47
- Kitchen Description:Disposal, Refrigerator
- Living area:33,404 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1990
- Building area:33,404 sq. ft.
- Lot area:1.57 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,100,000
- Price per sq. ft.:$62.87
Features and amenities
- Appliances:Disposal
- Pool features:In Ground
Parking
- Total parking spaces:47
- Parking description:Assigned
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