545 E Hobsonway

Blythe, CA 92225

$3,000,000
Price
46
Beds
47
Baths
33,404 Sq. Ft.
$90 / Sq. Ft.
33,404
Sq. Ft.
$90
per Sq. Ft.
an aerial view of a city
a view of city with ocean
a living room with furniture and a refrigerator
a bedroom with a bed and a large mirror

Description

Seller will carry and property may be eligible for 100% Bonus depreciation, contact listing agent for more information. For Sale is 545 E Hobson Way a rare opportunity to acquire a 100% vacant turnkey multifamily conversion located in the heart of Blythe, California. Originally constructed as a 60-key hotel, the property has been repositioned into 47 apartment units (C of O pending), offering a unique blend of modernized living spaces and value-add potential. Situated along Hobson Way, the city's...Seller will carry and property may be eligible for 100% Bonus depreciation, contact listing agent for more information. For Sale is 545 E Hobson Way a rare opportunity to acquire a 100% vacant turnkey multifamily conversion located in the heart of Blythe, California. Originally constructed as a 60-key hotel, the property has been repositioned into 47 apartment units (C of O pending), 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 Interstate10, 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-resilientasset. The property provides investors with multiple paths for growth and an excellent hedge against inflation.

Property Details for 545 East Hobsonway

Zoning
C2
Parcel Number
845164001
Total Units
47.0
Living Area
33404
Source Living Area
Other
Area
Blythe (374)
Subdivision Name
Briarbrook
Vacancy Rate
100
LISTING UPDATED: 12/03/2025 06:21 AM

Property Details for 545 East Hobsonway

StatusActive
MLS #25617649
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1990
Lot Size1.57 AC / 68,389 SF
CountyRiverside County

Location

Listing Courtesy of CB Richard Ellis, Inc., Manny Nunez, DRE #01990970
Add your commute

Building Information for 545 East Hobsonway

Stories2Residences-Year Built1990Building Size-Lot Size1.57 AC / 68,389 SF

Payment Calculator

$16,023 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,824

Property Taxes

$1,199

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 545 East Hobsonway

Community / Development
Community / Development
  • Number Of Units: 47
  • Senior Community: No
  • Builders Tract Name: Briarbrook
  • Builders Tract Code: 8200
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $554,150
  • Net Operating Income: $357,273.00
  • Gross Income: $595,860
  • Cap Rate: 12.46%
  • Gross Rent Multiplier: $5.28
  • Owner Pays: Water, Gas, Pool Service
  • Total Annual Expense: 180247
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.57
  • Lot Size Square Feet: 68389
  • Lot Size Dimensions: 296x232
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 47
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Air Conditioning
  • Cooling Type: Air Conditioning
  • Heating: Combination
  • Heating Type: Combination
  • Equipment: Cable, Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground
  • Pool Features: In Ground
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-11-2025
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $895.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,055.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $29,250.00
  • Like Units: 30
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $689,785.00
  • Assessed Improvement Percent: 54.17
  • Assessed Land Value: $583,664.00
  • Assessed Land Percent: 45.83
  • Assessed Total Value: $1,273,449.00

Property History for 545 East Hobsonway

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Price Change

CRMLS #25617649

$3,000,000—
Dec 3, 2025

Price Change

CLAW #25617649

$3,000,000—
Nov 19, 2025

Price Change

CRMLS #25617649

$4,500,000—
Nov 19, 2025

Price Change

CLAW #25617649

$4,500,000—
Nov 11, 2025

Listed (Active)

CLAW #25617649

$5,000,000—
Nov 11, 2025

Listed (Active)

CRMLS #25617649

$5,000,000—
Nov 1, 2021

Sold (Public Record)

Public Record #1477342305

$1,200,000

-2.2% / yr

Mar 13, 2018

Sold (Public Record)

Public Record #618718186

$1,300,000

-9.2% / yr

Mar 13, 2006

Sold (Public Record)

Public Record #195910335

$4,150,000

+12.5% / yr

Dec 7, 2004

Sold (Public Record)

Public Record #147607257

$3,575,000

+8.8% / yr

Jan 17, 2003

Sold (Public Record)

Public Record #106401555

$3,050,000—
DateEvent & SourcePrice
12/03/2025

Price Change

CRMLS #25617649

$3,000,000
12/03/2025

Price Change

CLAW #25617649

$3,000,000
11/19/2025

Price Change

CRMLS #25617649

$4,500,000
11/19/2025

Price Change

CLAW #25617649

$4,500,000
11/11/2025

Listed (Active)

CLAW #25617649

$5,000,000
11/11/2025

Listed (Active)

CRMLS #25617649

$5,000,000
11/01/2021

Sold (Public Record)

Public Record #1477342305

$1,200,000

-2.2% / yr

03/13/2018

Sold (Public Record)

Public Record #618718186

$1,300,000

-9.2% / yr

03/13/2006

Sold (Public Record)

Public Record #195910335

$4,150,000

+12.5% / yr

12/07/2004

Sold (Public Record)

Public Record #147607257

$3,575,000

+8.8% / yr

01/17/2003

Sold (Public Record)

Public Record #106401555

$3,050,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 545 East Hobsonway

Taxable ValueLand$583,664Additions$733,169Total$1,316,833
Tax Record2025$14,386 ($1,199 / month)
Home Facts
Total Finished SqFt33,404 SqFtAbove Grade Finished SqFt33,404 SqFtStories1Lot Size68,389 SqFtStyleMulti-Family Res (5+ Units)Year Built1990ZoningC2CountyRIVERSIDEAPN845-164-001

Schools near 545 East Hobsonway

This home is within Palo Verde Unified School District.
Rating
School
Type
Grades
Distance
Ruth Brown Elementary School
Public - K to 8
Palo Verde High School
Public - 9 to 12
Scale Leadership Academy - East
Charter - K to 12
Margaret White Elementary School
Public - K to 8
Rating
School
Distance
Ruth Brown Elementary School
PublicK to 8

Palo Verde High School
Public9 to 12

Scale Leadership Academy - East
CharterK to 12

Margaret White Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 545 East Hobsonway, Blythe, CA 92225

545 East Hobsonway is a multi-family home for sale in Blythe, CA 92225. This property was listed for sale on November 11, 2025 by CB Richard Ellis, Inc., it's currently listed at $3,000,000. It has been on the market for a total of 40 days and was last sold on November 1, 2021. This listing's school district is Palo Verde Unified School District. Nearby schools include Ruth Brown Elementary School, Palo Verde High School and Scale Leadership Academy - East. 545 East Hobsonway is a 46-bed, 47-bath, 33,404 sqft multi-family home built in 1990.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Manny Nunez, DRE #01990970

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.