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Hobsonway Apartments 545 E Hobson 47 Unit Apartment Building $2,922,570 CAD ($62,182 CAD/Unit) Blythe, CA 92225
Investment Highlights
- Unit Mix - 47 Units 9 x Studio | 30 x 1B/1BA | 8 x 2B/1BA
- Affordable Entry Price: Offering at a compelling basis below replacement cost
- Transportation Connectivity: Immediate access to Interstate 10, linking Southern California with Arizona markets
- Strong Workforce Housing Rental Demand: Consistently high demand for workforce housing in Blythe driven by limited new construction
- Operational Flexibility: Potential for both market-rate and government-subsidized rental strategies
Executive Summary
545 E Hobson Way presents the opportunity to acquire a 47-unit hotel-to-multifamily conversion project in Blythe, California. Originally constructed as a 60-key hospitality asset, the property is being repositioned into 47 residential units totaling approximately 33,404 SF and is currently 100% vacant. The project is not fully complete, but substantial conversion work has already been undertaken, including significant electrical, plumbing, HVAC, and interior improvement progress, with additional materials already purchased and on site.
Situated along Hobson Way, Blythe’s primary commercial corridor, the property benefits from strong visibility, proximity to local retail and services, and convenient access to Interstate 10, connecting the market to Southern California, Phoenix, and the Coachella Valley. The asset offers investors the ability to complete the remaining scope, execute a lease-up strategy, and create value in a market supported by demand for workforce and affordable housing.
Situated along Hobson Way, Blythe’s primary commercial corridor, the property benefits from strong visibility, proximity to local retail and services, and convenient access to Interstate 10, connecting the market to Southern California, Phoenix, and the Coachella Valley. The asset offers investors the ability to complete the remaining scope, execute a lease-up strategy, and create value in a market supported by demand for workforce and affordable housing.
Property Facts
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 47 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 845-164-001 | Improvements Assessment | $959,974 CAD |
| Land Assessment | $812,285 CAD | Total Assessment | $1,772,259 CAD |
Property Taxes
Parcel Number
845-164-001
Land Assessment
$812,285 CAD
Improvements Assessment
$959,974 CAD
Total Assessment
$1,772,259 CAD
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Hobsonway Apartments | 545 E Hobson
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