$3,300,000 400 N Palm Drive Blythe, CA

MLS: 16171852   Type: Income   County: Riverside   City: Blythe   Zip: 92225     Stories: 2

Mortgage $15,493 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

66,000

9.24

1991

Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed , Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market , Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater . Amenities include : Pool , Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents .Now fully rented , Courtyard style garden apartment complex, two triplexes across each other in a peaceful and quiet setting, all units recently maintained , low maintenance and easy management ,10 covered parking space and two car private garage , plus extra land behind building for more cars or

Elementary School

Middle School

High School

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Price History

10/12/2017 Listed $3,300,000

Listagentstatelicense 00956615
Listing Agent Sam Ostayan - BRE#00956615
MLS Area 374 - Blythe
Price Per Square Foot 50.00
Special Listing Conditions Standard
Total Units 70
Zoning M1

Interior Features

Air Conditioning Y/N 1
Cooling Central
Laundry Features See Remarks
Laundry Y/N 1
Total Stories 2

Exterior Features

Building Area Total 66000.00
Lot Features Sprinklers None
Lot Size Source Assessor
Lot Size Square Feet 402494.00
Lotsizeunits Square Feet
Number of Buildings 16
Parking Features Parking Space
Parking Y/N 1

Property Schools



Direct Link:

http://www.ownrealestate.us/property/25-16171852-400-N-Palm-Drive-Blythe-CA-92225

Gallery (12 photos)

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Property vs Zip Code Avg (92225)

Price 3.30M Avg 2.03M

Sqr Feet 66,000 Avg 40,454

Cost / Sqr Ft $50 Avg $50

Acres 9.24 Avg 5.64

Visits 69 Avg 371

Days on Site 586 Avg 292

Walkscore® 60 Avg 55

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Listing Provided Courtesy Of: Sam Ostayan with Century Realty Group.




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Location & Address

Own it Group
307 East Chapman Avenue, Suite 101
Orange, CA
714-709-2298
714-905-5776

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