3681 Cranford Avenue
Riverside, CA 92507
2.99 acres | #OC25062567
Description
Built in 1964 and 1977, the properties consist of approximately 90,000 of rentable square feet, totaling 113 units and is in good condition since the current ownership has made several recent signi?cant renovations to the interiors & exteriors. The balanced unit mix consists of 3 bedroom, 2 Bedroom, 1 Bedroom & studio units. The property is situated on approximately 4 acres of land that include tuck under parking, carports, open on-site parking recently seismic retrofitted and in addition to the street parking. The property is also separately metered for gas and electric with
a community laundry rooms, pools & rental of?ce. Select units have been tastefully remodeled with new ?ooring, 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 and 14% realistic rental upside.
Property Details
- Lot DescriptionTwentySixToThirtyUnitsAcre, ThirtyOneToThirtyFiveUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$23,995,000
- MLS #OC25062567
- MLS #OC25062567
- CountyRiverside
- Property SubtypeApartment
- Cost23995000
- Utility SourcePublic
- Acres2.99
- Year Built1965
- Stories3
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jonathan Mitchell (#SMITCJON)
Listing Office: Kidder Mathews of California, Inc (#OC07007)
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