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Property profile & analytics
OFF-MARKET
Commercial real estate

308 Spring St Blythe, CA 92225

6,800 SF 0.51 ac lot Built 1957
Individually Owned 5-yr Hold
Property ID
US10-1811608
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied eight-unit multifamily property situated on a half-acre lot at 308 Spring Street in Blythe, California. The property boasts a substantial 6,800 square feet of living space, currently generating a consistent income stream. All eight units are occupied under month-to-month tenancies, providing immediate cash flow and flexibility for the new owner. The strong market demand and steady increase in rental rates in the Blythe area present a significant opportunity to enhance profitability through future rent adjustments. This property is an ideal addition to any investor's portfolio, offering a solid foundation for long-term growth and passive income. The 0.51-acre lot provides ample space, and the existing structure is well-maintained and ready for immediate occupancy. The property's location in Blythe offers convenient access to local amenities and transportation. This is a turnkey investment, requiring minimal effort to begin generating substantial returns. The current occupancy rate and month-to-month leases provide a high degree of control and flexibility for the new owner. This is a rare opportunity to acquire a stable, income-producing asset in a growing market. Don't miss out on this chance to secure a valuable addition to your real estate holdings. The asking price is $699,999.

Property profile
Verified
Property type Commercial real estate
Year built 1957
Total area 6,800 SF
Lot 0.51 ac (22,216 SF)
UPID US10-1811608
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Fadi Maher · 5 yrs held
Fadi Maher
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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