Address
400 N PALM Drive Blythe, CA
Price
$ 3,300,000
Property Attributes
  • MLS#16171852
  • TypeIncome
  • CountyRIVERSIDE
  • CityBlythe
  • AreaBlythe
  • Zip92225
  • Style
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage66000
  • Lot Size9.24 Acres
Listing Provided Courtesy Of:
Sam Ostayan with Century Realty Group.
Property Description

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
Unknown Elementary School Unknown Middle School Unknown High School
Price History
10/12/2017 Listed $3,300,000

General Features

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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92225

Price
AVG $2.04M
$3.3M
Visits
AVG 370
66
Year Built
AVG 1972
1991
Walkscore
AVG 55
60

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