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3681 3681 Cranford Ave

Riverside, CA 92507

– beds
– baths
– sqft
~2 acre lot
1965 build
– on site

This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the 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, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.

Listed By CRMLS_CA / Mark Bridge / Mark Bridge, Broker / Mark.Bridge@cushwake.com

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# OC24232711 —

The Building

Year Built:

1965
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

70160.00
Building Area Units:

Square Feet
Total Number Of Units:

88
# of Buildings:

2
Stories Total:

3
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

90
# of Separate Water Meters:

1
# of Separate Electric Meters:

90

Interior

Levels:

Three Or More
Entry Location:

First
Laundry:

Community
Laundry:

1

Location

Directions:

Head North on Iowa Ave, left onto University Ave, then Right onto Cranford Ave. Property is on the Left
Latitude:

33.97729500
Longitude:

-117.34481000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

36-40 Units/Acre
Lot Size Area:

2.2100
Lot Size Acres:

2.2100
Lot Size SqFt:

96267.60
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

250170003
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

009...
Tax Lot:

58

The Listing

Special Listing Conditions:

Standard
Parcel Number:

250170037

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Gutters, Sidewalks
Association:

No
Pool:

Private, Fenced, In Ground
Senior Community:

No
Private Pool:

Yes

Parking

Parking:

Yes
Parking:

Assigned, Carport
Parking Spaces:

176.00

Extra Units

Average 1 Bed Area:

704
Average 2 Bed Area:

970
Average Studio Area:

580
Number With Disposal:

88

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/14/24 Nov 14, 2024	Listed / Active	CRMLS_CA	$18,100,000

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This multifamily located in East Riverside, Riverside, CA 92507 is currently for sale for $18,100,000. 3681 3681 Cranford Ave is a – square foot multifamily with – beds and – baths that has been on Estately for 34 days. 3681 3681 Cranford Ave is in the East Riverside neighborhood of Riverside and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Longfellow Elementary School, John W. North High School, and University Heights Middle School.

Listing Courtesy of: CRMLS_CA and Mark Bridge, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 09:32 on Dec 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.