280 E Hobsonway

    Blythe, CA 92225
    • $449,900
    • STATUS: Active
    • ON SITE: 208 days
    • ID#: OC18014897
    UPDATED: 37 min ago
    $449,900
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,500
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    This nine-unit commercial building sits on a corner lot with two access points. Since new ownership in 2013 a majority of the property has had repairs. Eight of the nine units have been rehabbed and are ready for occupancy. Currently five of the nine units occupied. Upon acquiring the asset in 2013, only one unit was fit for occupancy. Working directly with the city in bring the units and property up to code all the heavy lifting has been done. The repairs and upgrades include but are not limited to plumbing, electrical, flooring, paint, fixtures, and a new parking lot.There are three store-front units allowing for great visibility to the main thoroughfare in Blythe. The one remaining un-rehabbed unit was once occupied by a dental office. The commercial building is made up of two parcel numbers, 848-062-003 and 848-062-004. There is ample parking in the parking lot and convenient street parking for the store front units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T15:35:02.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.dscvrproperties.com/homes/80126203

    280 E Hobsonway Blythe, CA 92225

    • Price: $449,900
    • Status: Active
    • Updated: 37 min ago
    • ID#: OC18014897
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    8,500
    SQFT
    $53
    $/SQFT
    Neighborhood:
    374 - Blythe
    County:
    Riverside
    Area:
    374 - Blythe
    Property Description
    This nine-unit commercial building sits on a corner lot with two access points. Since new ownership in 2013 a majority of the property has had repairs. Eight of the nine units have been rehabbed and are ready for occupancy. Currently five of the nine units occupied. Upon acquiring the asset in 2013, only one unit was fit for occupancy. Working directly with the city in bring the units and property up to code all the heavy lifting has been done. The repairs and upgrades include but are not limited to plumbing, electrical, flooring, paint, fixtures, and a new parking lot.There are three store-front units allowing for great visibility to the main thoroughfare in Blythe. The one remaining un-rehabbed unit was once occupied by a dental office. The commercial building is made up of two parcel numbers, 848-062-003 and 848-062-004. There is ample parking in the parking lot and convenient street parking for the store front units.
    Exterior Features

    Lot Features 6-10 Units/AcreLot Shape-Rectangular Lot Size Dimensions W150x155 Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class OfficeRetailSpecialty Building Area Units Square Feet Building Status Existing Cap Rate 8.91 Country Us Expense Year 2017 Insurance Expense 2975.00 Land Lease YN No Land Use OfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Assessor Maintenance Expense 2250.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 5 Property Sub Type Retail Real Estate Tax Expense 5250.00 Retail Center Type Community/Specialty Special Listing Conditions Standard Tax Annual Amount 5250.00 Tax Rate 1.19 Tax Year 2017 Total Expenses 10475.00 Water Source Public

    Listing provided courtesy of Daniel Escutia of Esen Real Estate Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T15:35:02.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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