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Hobsonway Apartments 545 E Hobson Way 67 Room Hotel Blythe, CA 92225 $4,136,790 CAD ($61,743 CAD/Room) 12.46% Cap Rate
EXECUTIVE SUMMARY
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.
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.
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.
PROPERTY FACTS
| Price | $4,136,790 CAD | Building Size | 32,000 SF |
| Price Per Room | $61,743 CAD | No. Rooms | 67 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 12.46% | Year Built | 1990 |
| Property Type | Hospitality | Parking Ratio | 0.78/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Cross Streets | N 5th Ave |
| Lot Size | 1.57 AC | ||
| Zoning | C2 | ||
| Price | $4,136,790 CAD |
| Price Per Room | $61,743 CAD |
| Sale Type | Investment |
| Cap Rate | 12.46% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 32,000 SF |
| No. Rooms | 67 |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 0.78/1,000 SF |
| Corridor | Exterior |
| Cross Streets | N 5th Ave |
| Zoning | C2 |
AMENITIES
- Fitness Center
- Pool
- Spa
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 67 | $53.78 CAD | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 845-164-001 | Improvements Assessment | $955,007 CAD |
| Land Assessment | $808,083 CAD | Total Assessment | $1,763,090 CAD |
PROPERTY TAXES
Parcel Number
845-164-001
Land Assessment
$808,083 CAD
Improvements Assessment
$955,007 CAD
Total Assessment
$1,763,090 CAD
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Hobsonway Apartments | 545 E Hobson Way
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