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$3,000,000
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Property Description
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.
Full Property Details
Full Property Details for 545 E Hobsonway
General
- Price: $3,000,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25617649
- Updated: 12/3/2025
- Added to Site: 69 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 47
Bedrooms
- Total Bedrooms: 46
Additional Information
- Pool: Yes
- Pool Description: In-Ground
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Blythe
- County: Riverside
- Driving Directions: North of the 10 freeway, west of the 95
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Combination
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 33,404
- Sq. Ft. Source: Other
- Year Built: 1990
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 47
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1.57
- Lot Size: 68389
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 296 x 232
- Zoning: C2
Financial Considerations
- Price Per Sq. Ft.: $89.81
- Assessment Year: 1990
- Owner Pays: Water, Gas, Pool Service
- Tenant Pays: Electricity
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 845-164-001
Listed by CB Richard Ellis, Inc., Manny Nunez
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Price & Sales History for 545 E Hobsonway
Date
Details
Price
Change
Source
12/03/2025
Price Reduced
$3,000,000
-33.33%
MLS
11/19/2025
Price Reduced
$4,500,000
-10%
MLS
11/11/2025
Listed
$5,000,000
316.67%
MLS
11/01/2021
Sold
$1,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 545 E Hobsonway
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,386
-1%
$1,316,833
2%
2024
$14,572
2%
$1,291,864
2%
2023
$14,307
2%
$1,267,384
2%
2022
$14,016
-11%
$1,243,384
-9%
2021
$15,750
1%
$1,366,531
1%
2020
$15,595
1%
$1,352,520
2%
2019
$15,472
-43%
$1,326,000
-47%
2018
$27,195
-4%
$2,507,904
-4%
2017
$28,225
-1%
$2,608,904
—
2016
$28,506
-1%
$2,608,904
—
2015
$28,654
5%
$2,613,242
3%
2014
$27,176
7%
$2,525,742
7%
2013
$25,323
—
$2,358,242
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 545 E Hobsonway
545 E Hobsonway, Blythe, CA 92225 (MLS# 25617649) is a Multi-Family property with units containing 46 bedrooms and 0 full bathrooms. 545 E Hobsonway is currently listed for $3,000,000 and was received on November 11, 2025. Want to learn more about 545 E Hobsonway? Do you have questions about finding other Multi-Family real estate for sale in Blythe? You can browse all Blythe real estate or contact a Coldwell Banker agent to request more information.
