3681 Cranford Ave

Riverside, CA 92507
  • $17,599,000

    Price
  • 3

    Bed
  • 4

    Bath
  • 67,202

    SqFt

About the Listing OC07007 - SMITCJON

Built in 1964, The University Gardens consist of approximately 67,202 of rentable square feet and is in good condition since the current ownership has made several recent renovations to the interiors & exteriors. The unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 3 acres of land that includes tuck under parking, carports, open on-site parking in addition to street parking. The property is also separately metered for gas and electric with a community laundry rooms, pools & rental office. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting & ceiling fans throughout. Most of the “heavy lifting” is almost complete and should appeal to an investor looking for an asset surrounded by tremendous job opportunity and 10% realistic rental upside. Priced way below replacement cost (under $262 per foot) & less than 1.5 miles from 91 and 215 freeways. Earthquake retrofit and seismic upgrades have been made & all newer roofs and rain gutters.

Listing Highlights

Status Active
Days on Site 24
Property Type Multi-Family
MLS ® OC26004201
Year Built 1965
Total Square Footage 67,202
Lot/Acreage 2.99

Interior Details

  • Bedrooms: 3
  • Bathrooms: 4 Full
  • Appliances:
  • Air Cond: Wall/Window Unit(s)
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: 26-30 Units/Acre,No Land Lease
  • Garage Capacity: 88 car
  • Parking Spaces: 134
  • Roof:
  • Others: 2+ Total Units
  • Sewer: Public Sewer
  • Parking Features: Assigned

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 250170037
  • Tax Year: N/A

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3681 Cranford Ave Riverside, CA 92507

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Originating MLS: CRMLS

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