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Blythe, CA 92225 535 W Barnard Street

$2,500,000

Presented By: Coldwell Banker Commercial Rea
  • MLS# HD23136891
  • 07/25/2023
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  • BedBeds • 41
  • BathBaths • 32
  • 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: Coldwell Banker Commercial Rea

Interior Features for 535 W Barnard Street

Other Interior Features

Common Walls1 Common Wall
Laundry FeaturesSee Remarks
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 535 W Barnard Street

Additional Parcels Y/NNo
Adult Family HomesCommunity Apartment
Building Area UnitsSquare Feet
Buyer Agent Compensation2.000
Buyer Agent Compensation Type%
Carport Spaces32
Carport Y/NYes
CityBlythe
Community FeaturesSuburban, Pool
CountyRiverside
Days on Market268
DirectionsCorner of North Palm Dr and W Barnard
Electric Expense
Entry LocationFront
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income
Insurance Expense4500
Land Lease Y/NNo
LevelsTwo
Lot Size Square Feet45738
MLS Area374 - Blythe
Net Operating Income184103.3
New ConstructionNo
Number of Units Leased32
Operating Expense99132.6
Pool FeaturesCommunity
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Standard StatusActive Under Contract
StatusActive Under Contract
Stories2
Street NameBarnard
Subdivision NameUNknown
Tax Lot2
Total Actual Rent24333
Total Units32
Trash Expense12000
Water Sewer Expense12000
Year Built1962
Year Built SourcePublic Records
ZoningR3

Exterior for 535 W Barnard Street

Building Area Total14525
Lot Features31-35 Units/Acre
Lot Size Acres1.05
Lot Size Area45738
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings3
Number of Separate Electric Meters32
Number of Separate Gas Meters32
Number of Separate Water Meters1
Parking FeaturesAssigned
Total Parking32
Water SourceSee Remarks

Additional Details

Price History

1527188455

First Team Client Services

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

*According to the National Association of Realtors