Price
$ 3,300,000

400 N PALM Drive, Blythe, CA 92225  

400 N PALM Drive, Blythe, CA 92225  

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 .

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Listing Type
Multi-Family
Listing ID
16171852
Listing Status
Active
Year Built
1991
County
Riverside
Floors
2
Units
70
Zoning
M1
TaxID
845030008
Listing courtesy of Sam Ostayan~Century Realty Group
Price History
Get price alerts on price change
Date Event Change Price
11/16/2016 Price change $2,000,000 (153.8%) $3,300,000
11/15/2016 Price change $-2,000,000 (-60.6%) $1,300,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX ADVANCED
    5823 Rosemead Blvd Temple City, CA 91780-1833 | Phone: (626) 888-9808
    RE/MAX ADVANCED is licensed in the state of California CalBRE License #: 01901212
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.