| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 27th | Fair |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 545 E Hobsonway, Blythe, CA, 92225, US |
| Region / Metro | Blythe |
| Year of Construction | 1990 |
| Units | 67 |
| Transaction Date | 2018-03-13 |
| Transaction Price | $1,300,000 |
| Buyer | US PRIME PROPERTY MANAGEMENT INC |
| Seller | OXFORD PARTNERS CAPITAL LLC |
545 E Hobsonway Blythe Multifamily Investment
Stabilized renter demand at the neighborhood level and relatively favorable rent-to-income dynamics point to retention and cash flow resilience, according to WDSuite s CRE market data. This asset s 1990 vintage provides competitive positioning versus older local stock while leaving room for targeted upgrades.
Located in Blythe within Riverside County, the property sits in an Inner Suburb neighborhood that, per WDSuite s CRE market data, has trailed national occupancy norms but shows incremental improvement over the past five years. Renter-occupied housing is above the metro median share, indicating a meaningful tenant base for multifamily leasing and renewal activity.
Amenity access is mixed: grocery availability ranks in the top quartile nationally, while restaurants are above national averages; by contrast, cafes, parks, and pharmacies are limited locally. These dynamics suggest daily-needs convenience for residents, with fewer lifestyle amenities immediately nearby a factor to consider in marketing and tenant retention strategies.
Within a 3-mile radius, recent years show population contraction alongside larger household sizes; forward-looking estimates point to modest population growth with a notable increase in household count and smaller average household size. For investors, that combination implies a potential broadening renter pool and demand for right-sized units, supporting occupancy stability if product and pricing align with local income bands.
Ownership costs in this submarket are comparatively accessible versus many California markets, which can create some competition with entry-level ownership. However, rent-to-income positioning is favorable by national benchmarks, which can support lease retention and measured pricing power, particularly for well-managed, clean, and functional units.
Relative to the metro, the neighborhood s overall amenity profile ranks below the median among 997 metro neighborhoods, while grocery access is competitive among Riverside San Bernardino Ontario neighborhoods. School ratings track weaker than national norms; investors should underwrite marketing and tenant profiles accordingly.
Comparable neighborhood safety data is not available in WDSuite for this location. In practice, investors typically benchmark submarket trends against broader Riverside San Bernardino Ontario patterns and assess on-the-ground indicators (property upkeep, lighting, access control) as part of underwriting. Use prudent assumptions and verify conditions with local sources to contextualize leasing and retention expectations.
WDSuite does not surface nearby anchor employers with verifiable distance data for this address at this time. Investors should validate commute patterns to regional employment nodes to gauge workforce housing demand and renewal stability.
Built in 1990, the 67-unit asset is newer than much of the surrounding housing stock, providing a competitive edge versus older product while still leaving room for value-add through systems refresh and contemporary interior finishes. Based on CRE market data from WDSuite, the neighborhood s occupancy has been below national norms but is improving; paired with a sizable renter-occupied base and favorable rent-to-income positioning, this supports a path to steady leasing and disciplined rent management.
Amenity access skews toward daily-needs convenience (notably grocery), with fewer lifestyle options nearby an operational consideration for tenant experience. Demographic indicators within a 3-mile radius point to modest population growth ahead and a projected increase in households with smaller average household sizes, suggesting potential renter pool expansion that can support occupancy stability for well-priced, functional units.
- 1990 vintage offers competitive positioning vs. older local stock and targeted value-add potential.
- Renter-occupied share above metro median supports depth of tenant demand and renewal stability.
- Favorable rent-to-income positioning enables measured pricing while supporting retention.
- Projected household growth and smaller household sizes within 3 miles signal a broader renter pool.
- Risks: submarket occupancy below national norms, limited lifestyle amenities, and competition from accessible ownership options.