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535 W Barnard Street

Blythe, CA 92225
  • $2,500,000
  • STATUS: Active
  • ON SITE: 130 Days
  • ID#: HD23136891
UPDATED: 37 min ago
$2,500,000
  • 0
    BEDS
  • 1.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Listing Agent(s): Jerrad Schendel of Coldwell Banker Commercial Rea (760-684-8000) and Robert Basen of ()


Description

7.4% Cap Rate on actuals. Properties this size in this market are rarely ever available, this is an opportunity to add to your portfolio in an area where properties rarely become available. This 32 unit consists of 12 2 bedroom units, 17 1 bedroom units and 3 studios generating $24,333 a month in gross income. Rare numbers for a property this size in Riverside County.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141805506
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535 W Barnard Street Blythe, CA 92225

  • Price: $2,500,000
  • Status: Active
  • On Site: 130 Days
  • Updated: 37 min ago
  • ID#: HD23136891
0
Beds
0
Baths
0
½ Baths
1.05
Acres
1962
Built
Neighborhood:
Unknown
County:
Riverside
Area:
374 - Blythe
Property Description
7.4% Cap Rate on actuals. Properties this size in this market are rarely ever available, this is an opportunity to add to your portfolio in an area where properties rarely become available. This 32 unit consists of 12 2 bedroom units, 17 1 bedroom units and 3 studios generating $24,333 a month in gross income. Rare numbers for a property this size in Riverside County.
Exterior Features

Carport Spaces 32 Carport YN Yes Entry Level 1 Entry Location Front Lot Features 31-35 Units/Acre Number Of Separate Electric Meters 32 Parking Features Assigned Parking Total 32 Pool Features Community Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features SuburbanPool Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 291996 Insurance Expense 4500 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 184103.3 New Construction YN No Number Of Separate Gas Meters 32 Number Of Separate Water Meters 1 Number Of Units Leased 32 Operating Expense 99132.6 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 24333 Trash Expense 12000 Vacancy Allowance Rate 3 Water Sewer Expense 12000 Water Source See Remarks Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Jerrad Schendel of Coldwell Banker Commercial Rea (760-684-8000) and Robert Basen of ()