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Blythe, CA 92225 535 W Barnard Street

$2,500,000

Presented By: Jerrad Schendel with Coldwell Banker Commercial Rea; jerrad.schendel@cbcinland.com
  • MLS# HD23136891
  • 07/25/2023
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  • BedBeds • 41
  • BathBaths • 3
  • FootageSQFT • 14,525

Home Details

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.
Presented By: Jerrad Schendel with Coldwell Banker Commercial Rea; jerrad.schendel@cbcinland.com

Interior Features for 535 W Barnard Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 535 W Barnard Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces32.0
Carport Y/NYes
CityBlythe
Community FeaturesSuburban, Pool
CountyRiverside
Days on Market268
DirectionsCorner of North Palm Dr and W Barnard
Electric Expense0.0
Entry LocationFront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsSubmit
Lot Size Square Feet45738.0
MLS Area374 - Blythe
MobileHomeRemainsYNNo
Net Operating Income184103.3
New ConstructionNo
Number of Units Leased32
Operating Expense99132.6
Pool FeaturesCommunity
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameBarnard
Subdivision NameUNknown
Tax Lot2
Total Actual Rent24333.0
Total Units32
Trash Expense12000.0
View Y/NNo
Water Sewer Expense12000.0
Waterfront Y/NNo
Year Built1962
Year Built SourcePublicRecords
ZoningR3

Exterior for 535 W Barnard Street

Building Area Total14525.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem3135UnitsAcre
Lot Size Acres1.05
Lot Size Area45738.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters32
Number of Separate Gas Meters32
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking32.0
Water SourceSeeRemarks

Additional Details

Price History

1527188455

First Team Client Services

Price $2,500,000
MLS#HD23136891
List Date 07/25/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors