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Seller will carry and property may be eligible for 100% Bonus depreciation, contact listing agent for more information. For Sale is 545 E Hobson Way a rare opportunity to acquire a 100% vacant turnkey multifamily conversion located in the heart of Blythe, California. Originally constructed as a 60-key hotel, the property has been repositioned into 47 apartment units (C of O pending), offering a unique blend of modernized living spaces and value-add potential. Situated along Hobson Way, the city's primary commercial corridor, the property benefits from excellent visibility, convenient access to Interstate10, and proximity to retail, employment centers, and lifestyle amenities. Blythe's strategic position between Los Angeles, Phoenix, and the Coachella Valley makes it an attractive hub for renters seeking affordability in Southern California. With increasing barriers to new construction and the growing need for affordable housing across the Inland Empire and outlying markets, 545 E Hobson Way is positioned as a recession-resilientasset. The property provides investors with multiple paths for growth and an excellent hedge against inflation.
| DAYS ON MARKET | 35 | LAST UPDATED | 12/3/2025 |
|---|---|---|---|
| TRACT | Briarbrook | YEAR BUILT | 1990 |
| COMMUNITY | 374 - Blythe | COUNTY | Riverside |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Nov 19, '25 | $5,000,000 |
|---|---|
| Nov 19, '25 - Dec 3, '25 | $4,500,000 |
| Dec 3, '25 - Today | $3,000,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Disposal, Refrigerator |
|---|---|
| AREA | 374 - Blythe |
| LOT | 1.57 acre(s) |
| LOT DIMENSIONS | 296x232 |
| PARKING | Assigned |
| POOL DESCRIPTION | In Ground |
| STORIES | 2 |
| SUBDIVISION | Briarbrook |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 12/15/25 11:00 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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