2370 Hobsonway Blythe, CA 92225-4118
Property profile & analytics
2370 Hobsonway Blythe, CA 92225-4118
- Mobile home & RV parks
- 1,356 SF
- 6.90 lot acres
Property ID
US09-2852243
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Valley Palms MH-RV Park / Campground & RV Park
Property Details for 2370 Hobsonway
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 6.90 lot acres
- Property size
- 1,356 SF
- Zone code
- W2
- Property type
- Mobile home & RV parks
- APN
- 857-160-016
- APU
- 857160016
Description
This exceptional investment opportunity encompasses El Rancho Estates & Valley Palms, a combined 146-site RV park and mobile home community situated on 21.26 acres in Blythe, CA (APN: 009-703-840). The property features 146 pads, including 109 mobile home sites at El Rancho Estates and 37 at Valley Palms. El Rancho Estates boasts a 2.5-star rating, complete amenities (clubhouse, pool, gym, etc.), and 15 park-owned homes. Valley Palms presents a significant redevelopment opportunity, ideal for transitioning into an RV park with park models and tiny homes, leveraging minimal relocation impact. The existing operation includes 15 late-model park-owned homes at El Rancho Estates and 12 at Valley Palms, plus one RV. A note portfolio of twenty notes totaling $1,213,596 with $135,000 in annual scheduled payments offers an 8.1% cash-on-cash return. The property's current occupancy is 40%, projected to reach full occupancy by October 3, 2024. Built in 2001, the property offers a 4.52% cap rate and a net operating income (NOI) of $205,517. The asking price is $4,550,000, representing a cost per pad of $18,836. Seller financing is available for qualified buyers. The property benefits from city water, sewer, and readily available gas and electric services. This is a compelling value-add opportunity with substantial incubation and redevelopment upside for a seasoned operator.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $500,000
- ML approach
- $585,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Blythe
- County
- Riverside
- State
- California
- Longitude
- -114.56
- Latitude
- 33.6098
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,796
$413,396
$109,363
$522,759
-
$0.00
$0.00
$0.00
