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$ 2,100,000
Est. payment | /mo
33,404 SqFt
$ 2,100,000
Est. payment | /mo
33,404 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 33,404 sqft
Price per Sqft $62
MLS Listing ID CL26858531
HOA Y/N No
Year Built 1990
Lot Size 1.570 Acres
Acres 1.57
Property Sub-Type Other
Property Description
The seller may also consider carrying a portion of the purchase price for qualified buyers. Additionally, the seller may be willing to complete the remaining construction under a separate agreement, providing flexibility for investors seeking a more streamlined path to project completion. 545 E Hobsonway presents the opportunity to acquire a 47-unit hotel-to-multifamily last-phase conversion project located in Blythe, California. Originally constructed as a 60-key hospitality asset, the property is being repositioned into 47 residential units totaling approximately 33,404 square feet and is currently 100% vacant, providing a new owner with the ability to complete construction and implement a full lease-up strategy. Substantial progress has already been made toward the conversion, including significant electrical, plumbing, HVAC, and interior improvements. The sale also includes approximately $250,000 of construction materials already purchased and on site, allowing an investor to step into a project where a meaningful portion of both the construction work and remaining materials have already been secured. Situated along Hobsonway, Blythe's primary commercial corridor, the property benefits from strong visibility, proximity to retail and services, and convenient access to Interstate 10, connecting the market to Southern California, Phoenix, and the Coachella Valley. The property has been recently repriced, creating an opportunity to acquire a partially completed multifamily project at a basis well below replacement cost, with meaningful upside through completion and stabilization in a market supported by consistent demand for workforce and affordable housing.
Location
State CA
County Riverside
Zoning C2
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 845164001
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Manny Nunez • CB Richard Ellis, Inc.
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