308 South Spring Street

Blythe, CA 92225

$699,999
Price
—
Beds
6,800 Sq. Ft.
$103 / Sq. Ft.
6,800
Sq. Ft.
$103
per Sq. Ft.

Description

Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents! All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!Fantastic Income Producing Multi-Family Property with exceptional room to raise Rents! All 8-Units are Fully Occupied with each Occupant having a Month-to-Month Tenancy. With Market Rents continuously increasing at a steady pace, raising value and producing a steady stream of high rental income should come at ease for any investor. Acquire S. Spring St. Today and continue to build your portfolio with this solid asset!
  1. Listed by JAKE BARBOSA • DRE #02029383 • Brokerage DRE #01902522 • SUPREME INVESTMENT CORP • 909-973-1464

Property Details for 308 South Spring Street

Total Units
8.0
Lot Size Source
Assessor
Lot Size Dimensions
Square Feet
Building Area Total
6800
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Zoning
R-M-L
LISTING UPDATED: 11/08/2024 03:38 AM

Property Details for 308 South Spring Street

StatusActive
MLS #WS24228147
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1957
Lot Size0.51 AC / 22,215 SF
CountyRiverside County

Building Information for 308 South Spring Street

Stories1Residences-Year Built1957Building Size-Lot Size0.51 AC / 22,215 SF

Property Information for 308 South Spring Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $57,000
  • Laundry Income: $0
  • Other Income 1: $2,800
  • Current Financing: None
Expense Details
  • Electric Expense: $0
  • Maintenance Expense: $1,440
  • Trash Expense: $2,904
  • Water Sewer Expense: $11,520
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Fence: Yes
  • Fencing: Chain Link
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 848123002
  • Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Lawn, Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit, Yard
  • Current Use: Multi-Family
  • Current Use Comments: Multi-Family
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Topography: Flat
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $575
  • Unit Type Area: 850
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Monthly Rent
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $600
  • Unit Type Area: 850
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Monthly Rent
Unit Information
  • Number Of Units Leased: 8
  • Number Of Buildings: 2

Property History for 308 South Spring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 308 South Spring Street

Taxable ValueLand$31,836Additions$92,855Total$124,691
Tax Record2024$1,468 ($122 / month)
Home Facts
Total Finished SqFt1,836 SqFtAbove Grade Finished SqFt1,836 SqFtStories1Lot Size14,810 SqFtStyleQuadraplexYear Built1950ZoningR3CountyRIVERSIDEAPN848-123-001

Schools near 308 South Spring Street

This home is within Palo Verde Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 12
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Scale Leadership Academy - East
CharterK to 12

Palo Verde High School
Public9 to 12

Felix J. Appleby Elementary School
PublicK to 8

Ruth Brown Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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308 South Spring Street is a multi-family home for sale in Blythe, CA 92225. This property was listed for sale on November 5, 2024 by SUPREME INVESTMENT CORP, it's currently listed at $699,999. It has been on the market for a total of 44 days and was last sold on October 12, 2012. This listing's school district is Palo Verde Unified School District. Nearby schools include Scale Leadership Academy - East, Palo Verde High School and Felix J. Appleby Elementary School. 308 South Spring Street is a 0-bed, 0-bath, 6,800 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SUPREME INVESTMENT CORP, JAKE BARBOSA, DRE #02029383

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.