This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

959 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

308-316 S Spring St

8 Unit Apartment Building $699,999 ($87,500/Unit) Blythe, CA 92225

Apartment Buildings California Blythe 308-316 S Spring St, Blythe, CA 92225

Investment Highlights

  • 8-Units Total
  • 2 Parcels Total (4-units/Parcel)
  • Room to Raise Rents nearly 50%
  • Fenced Corner Property
  • 100% Occupied
  • Power Separately Metered

Executive Summary

Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents! All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!

Attachments

Rent Roll - S. Spring St.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $57,000 $20.36
Other Income $2,800 $1.00
Vacancy Loss - -
Effective Gross Income $59,800 $21.36
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $57,000
Annual Per SF $20.36
Other Income
Annual $2,800
Annual Per SF $1.00
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $59,800
Annual Per SF $21.36
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $699,999 Lot Size 0.51 AC
Price Per Unit $87,500 Building Size 6,800 SF
Sale Type Investment Average Occupancy 100%
Gross Rent Multiplier 12.28 No. Stories 1
No. Units 8 Year Built 1957
Property Type Multifamily Parking Ratio 1.18/1,000 SF
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class C
Price $699,999
Price Per Unit $87,500
Sale Type Investment
Gross Rent Multiplier 12.28
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Building Class C
Lot Size 0.51 AC
Building Size 6,800 SF
Average Occupancy 100%
No. Stories 1
Year Built 1957
Parking Ratio 1.18/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

  • Courtyard
  • Fenced Lot
  • Gated
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 850
1 of 1
308-316 S Spring St, Blythe, CA - aerial map view

PROPERTY TAXES

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
 Improvements Assessment $182,070
Land Assessment $46,818 Total Assessment $228,888

PROPERTY TAXES

Parcel Numbers
Multiple
  • 848-123-002
  • 848-123-001
Land Assessment
$46,818
Improvements Assessment
$182,070
Total Assessment
$228,888

zoning

Zoning Code R-M-L (Medium to Low Density Residential)
R-M-L (Medium to Low Density Residential)
(626) 618-7100

Contact

  • Listing ID: 33765288

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 308-316 S Spring St, Blythe, CA 92225

More public record information on 308-316 S Spring St, Blythe, CA 92225

The Riverside Outlying Multifamily Property at 308-316 S Spring St, Blythe, CA 92225 is currently available. Contact Supreme Investment Corporation for more information.

Nearby Listings

1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/7
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 1 of 7
Building Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 2 of 7
Building Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 3 of 7
Building Photo
308-316 S Spring St, Blythe, CA for sale Building Photo- Image 4 of 7
3
308-316 S Spring St, Blythe, CA for sale Aerial- Image 5 of 7
Aerial
308-316 S Spring St, Blythe, CA for sale Other- Image 6 of 7
Primary Photo

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

308-316 S Spring St
(626) 618-7100 x

308-316 S Spring St

Justin Wu

(626) 618-7100

(626) 618-7100

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link