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The Barnard Street Portfolio 2 Multifamily Properties Offered at $5,332,197 CAD in Blythe, CA
Investment Highlights
- Attractive Yield | Portfolio-wide NOI of $334,676 and only 3 vacancies (~94% occupancy).
- Efficient Two-Property Portfolio | Bel Air and Stardust Apartments are located approximately one mile apart.
- On-Site Management | Many units upgraded; additional value-add potential.
- Limited Near-Term Capital Exposure | Capital improvements completed, reducing deferred maintenance and allowing investors to cash flow.
Executive Summary
The Barnard Street Portfolio is a stabilized multifamily investment consisting of 52 units across two adjacent properties in Blythe, California. Following a recent price adjustment to $3,900,000, the portfolio offers a compelling current cap rate of 8.31% with a pro forma cap rate of approximately 8.97%, positioning it as a high-yield, income-focused opportunity in today’s market. The properties benefit from consistent occupancy, predictable cash flow, and efficient shared management, providing investors with durable in-place income from day one.
Both assets have been well maintained with capital improvements already completed, limiting near-term capital exposure while preserving long-term performance. Located along the I-10 corridor between Los Angeles and Phoenix, the portfolio serves a stable renter base supported by local employment and limited competing supply. With clean operations and modest upside through continued rent optimization, the Barnard Street Portfolio represents a balanced investment offering attractive yield, operational stability, and measured growth potential.
Both assets have been well maintained with capital improvements already completed, limiting near-term capital exposure while preserving long-term performance. Located along the I-10 corridor between Los Angeles and Phoenix, the portfolio serves a stable renter base supported by local employment and limited competing supply. With clean operations and modest upside through continued rent optimization, the Barnard Street Portfolio represents a balanced investment offering attractive yield, operational stability, and measured growth potential.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$695,876
|
| Other Income |
$82,879
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$778,755
|
| Taxes |
$58,502
|
| Operating Expenses |
$276,906
|
| Total Expenses |
$335,409
|
| Net Operating Income |
$443,346
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $695,876 |
| Other Income (CAD) | |
|---|---|
| Annual | $82,879 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $778,755 |
| Taxes (CAD) | |
|---|---|
| Annual | $58,502 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $276,906 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $335,409 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $443,346 |
Property Facts
| Price | $5,332,197 CAD | Status | Active |
| Price / SF | $142.02 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.31% | Total Building Size | 37,546 SF |
| Sale Type | Investment | Total Land Area | 2.40 AC |
| Price | $5,332,197 CAD |
| Price / SF | $142.02 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.31% |
| 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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