The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Affordable Housing Property in Blythe Sells for $29k per Unit

2/24/21

Quail Place Apartments, a 58-unit affordable housing property in Blythe, CA, was purchased by a private investor for $1.7 mil, or $29.3k per unit.

Quail Place Apartments sits on 4.79 acres at 551 S 3rd St, near the 10 Fwy and the Colorado River. It is comprised of 18 two-bedroom/one-bathroom units, 36 three-bedroom/one-and-a-half-bathroom units, and four four-bedroom/two-bathroom units.

CBRE’s Cray Carlson represented the buyer and the seller, a local private investor, in the transaction. Blythe is a city in Riverside County in the Palo Verde Valley of the Lower Colorado River Valley region, an agricultural area and part of the Colorado Desert.

“There was and is a lot of activity on apartments with an affordable housing component to them,” said Carlson. “The market is very strong, and the Inland Empire continues to show some of the strongest economics in the Country right now.”





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media