3681 Cranford Avenue, Riverside, CA 92507
Riverside County
Key Facts
Description
$600,000 Price Reduction. Day one 6.10% CAP Rate & 9.4 GRM. 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 $253 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.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1965
Stories
3
Living Area
67,202 sq ft
Lot Size
2.99 acres
Garage Spaces
88
Parking Spaces
134
Days on Market
119
MLS® Listing#
OC26004201
Property Features
Cooling
Heating
Fireplace
Pool
Parking
Laundry
Community
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
250170037
Directions
Southeast of 91 Fwy off University
Affordability Calculator
$3,399,000
Estimated monthly payment
$90,455/mo
Principal $13,596,000 · Est. interest $18,967,630 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $756,021
- Median Listing Price
- 45
- Median Days on Market
- 2,154
- Median Sq Ft
- $372
- Median Price / Sq Ft
- 540
- Active Listings
- This home’s price is 2148% above the area median.
- Its price per sq ft is 32% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
Getting Around
Points of Interest in Riverside, CA
Showing the Riverside area map.
Nearby Schools
John W North High School
Secondary · 0.4 mi away
Riverside Student Center - Springs Charter Schools
Elementary · 0.6 mi away
Icr Weekend School
School · 0.6 mi away
Riverside Garden School
School · 0.6 mi away
Church of Jesus Christ of Latter Day Saints
School · 0.7 mi away
The Fab School
School · 0.8 mi away
Longfellow Elementary
Elementary · 0.9 mi away
University Heights Middle School
Secondary School · 0.9 mi away
Emerson Elementary
Elementary · 0.9 mi away
Highland Elementary School
Elementary · 1.1 mi away
Lincoln High School
Secondary · 1.3 mi away
St Francis de Sales School
School · 1.6 mi away
Oxford Riverside Academy
School · 1.7 mi away
Riverside Unified School District
Secondary · 1.7 mi away
Fremont Elementary School
Elementary · 1.8 mi away
Riverside Stem Academy
School · 1.9 mi away
Alcott Elementary School
Elementary · 1.9 mi away
Champions at Alcott Elementary
Elementary · 1.9 mi away
Immanuel Lutheran Church
School · 2.0 mi away
Riverside County Juvenile Court
Secondary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15775 Laurel Branch, Riverside, CA | $15,000,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Riverside
Listing Courtesy: Kidder Mathews of California, Inc - 949-557-5000
Presented by: Jonathan Mitchell
Licensed in the state of California.