Multifamily Conversion Project in
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545 East Hobsonway, Blythe, CA 92225
47-unit hotel-to-multifamily conversion project in Blythe, California.
Property Size33,404 SF
Days on Market138
Property Features for 545 East Hobsonway
General Information
Standard status
Active
Size
33,404 SF
Property subtype
Multifamily
Listing Agency:
(310) 550-2602
Listed By:
Manny Nunez, JD · License #01990970
(310) 550-2602
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manny Nunez, JD
Investment Insights
Based on property information with market context.
The property at 545 E Hobson Way is a 47-unit multifamily conversion project in Blythe, California. Originally a 60-key hospitality asset, the property is being repositioned into 47 residential units totaling approximately 33,404 square feet. The property is currently 100% vacant. Substantial conversion work has already been undertaken, including significant electrical, plumbing, HVAC, and interior improvement progress, with additional materials already purchased and on site. The unit mix includes 9 studio units, 30 one-bedroom, one-bathroom units, and 8 two-bedroom, one-bathroom units. 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 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. There is consistently high demand for workforce housing in Blythe driven by limited new construction.
Key Highlights
- 47‑unit multifamily conversion project (former hotel).
- Substantial conversion work already completed including electrical, plumbing, HVAC, and interior work.
- Materials for remaining work already purchased and on site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 92225, CA
21,104
Population
7,797
Households
2.7
Avg Household Size
37
Median Age
9%
College-Educated
71%
High-School Grad
581.0 sq mi
ZIP Area
36
Density / Sq Mi
$51,294
Median Household Income
$32,548
Median Earnings
$902
Median Rent
$197,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 47-unit hotel-to-multifamily conversion project in Blythe, California.
Where is this apartment building located?
The property is located at 545 East Hobsonway Blythe, CA.
What are key features of this property?
This property features: 47‑unit multifamily conversion project (former hotel).; Substantial conversion work already completed including electrical, plumbing, HVAC, and interior work.; Materials for remaining work already purchased and on site.
