Blythe, CA 92225 316 S Spring Street
$649,000
7 more
Presented By: JAKE BARBOSA with SUPREME INVESTMENT CORP; 909-973-1464
- MLS# WS25097446
- 05/02/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 6
Baths • 1
SQFT • 6,000
Home Details
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!
Presented By: JAKE BARBOSA with SUPREME INVESTMENT CORP; 909-973-1464
Interior Features for 316 S Spring Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesAllBedroomsDown
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 316 S Spring Street
Additional Parcels Description848123001
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.05
Carport Y/NNo
CityBlythe
Community FeaturesCurbs, Suburban, Sidewalks
ContingencyNone
CountyRiverside
Current FinancingNone
DirectionsS. Broadway & Donlon St.
ElectricStandard
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFirst / Street Level
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income57000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1623.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet14810.0
Lot Size UnitsSquareFeet
MLS Area374 - Blythe
MobileHomeRemainsYNNo
Net Operating Income45756.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Operating Expense11244.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameThe Chanslor Place (37401)
Tax Lot15
Tenant PaysElectricity
Total Actual Rent4750.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasAvailable, SewerConnected, WaterConnected
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningR-M-L
Exterior for 316 S Spring Street
Building Area Total6000.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCulDeSac, FrontYard, Lawn, Level, NearPublicTransit, RectangularLot, StreetLevel, Yard
Lot Size Acres0.34
Lot Size Area14810.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters8
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesUnassigned
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate