3681 3681 Cranford Ave

Riverside, CA 92507

$18,100,000

List Price

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1965

calendar_month Built

Open Houses

Next available: Tuesday, November 19th, 2024 11:00 am - 1:00 pm

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Property Description

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.

Listing Information

List Price $18,100,000
Status Active
MLS OC24232711
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1965
Lot Size 96,268
Structure Size N/A
Courtesy Of Mark Bridge, Broker
Listing Agent Mark Bridge DRE#01316702

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Mark Bridge, Mark Bridge, Broker 949-372-4888. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 14th, 2024 at 11:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.