545 E Hobsonway, Blythe, CA 92225
545 E Hobsonway, Blythe, CA 92225
545 E Hobsonway, Blythe, CA 92225
545 E Hobsonway, Blythe, CA 92225
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 2,100,000
Est. payment | /mo

46 Beds

47 Baths

33,404 SqFt

Save
$ 2,100,000
Est. payment | /mo
Save

46 Beds

47 Baths

33,404 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 33,404 sqft

Price per Sqft $62

Subdivision Briarbrook

MLS Listing ID 26858531

Bedrooms 46

HOA Y/N No

Year Built 1990

Lot Size 1.570 Acres

Property Description

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.

Location

State CA

County Riverside

Area 374 - Blythe

Zoning C2

Interior

Heating Combination

Fireplace No

Appliance Disposal, Refrigerator

Exterior

Parking Features Assigned

Pool In Ground

Total Parking Spaces 47

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 845164001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Manny Nunez CB Richard Ellis, Inc. #01990970

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.