3681 Cranford Ave
Riverside, CA 92507
2.21 acres | #OC24232711
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.
Property Details
- Lot DescriptionThirtySixToFortyUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$18,100,000
- MLS #OC24232711
- MLS #OC24232711
- CountyRiverside
- Property SubtypeApartment
- Cost18100000
- Utility SourcePublic
- Acres2.21
- Year Built1965
- Stories3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mark Bridge (#SBRIDMA2)
Listing Office: Mark Bridge, Broker (#OC08174)
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