Bel Air Apartments

Investment Overview

Bel Air Apartments is a 20-unit multifamily community located on E. Barnard Street in Blythe, California. The property offers a stable, income-producing apartment asset with multiple operational upside levers, including potential garage income, manufactured ADU potential, and rent growth opportunity. The property is positioned as a practical workforce-housing asset in a rental market where management, occupancy, and operational execution are core drivers of value. The large lot and garages create additional optionality beyond base apartment rents. Investment highlights 20 apartment units across 2 fourplexes and 2 sixplexes. Unit mix includes sixteen 2-bedroom / 1.5-bath units with approximately 1,000 SF unit size. Strong current income with annualized rent of $234,729. Tenants pay all utilities, including separately metered electrical, plus water and trash through RUBS billing. Current ownership has invested significantly in capital expenditures, including HVAC, plumbing, roofing, electrical upgrades, and interior renovations. Room for two manufactured ADUs, subject to buyer verification and local approvals. Potential garage income — 19 garages available to repair and rent. Owner must sell for 1031 exchange; no seller financing available.