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3681 Cranford Avenue Riverside, CA $ 17,599,000
3681 Cranford Avenue
$ 17,599,000
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3681 Cranford Avenue

Riverside, CA, 92507
$ 17,599,000
Baths1.0 Sq 67,202

Monthly Estimate*

$ 108,360

Listed by Kidder Mathews of California, Inc
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Studio

Multi-Family Home for sale in Riverside, CA

for $17,599,000 with 1 full bath. This 67,202 square foot home was built in 1965 on a lot size of 2.99.

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 $262 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.

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Multi-Family Active

Price

$ 17,599,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

2.99

Year Built

1965

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

OC26004201

Days on Market

13

Features
General
Sewer Public Sewer
Heating None
Cooling Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 88
Pool Features Community
Year Built 1965
Tenant Pays Cable TV Electricity Gas
Levels Three Or More
Property Subtype Apartment
Gross Income 29376
Community Features Biking Foothills Pool
Additional Parcels Description 250170033
County Riverside
Net Operating Income 1019364
Operating Expense 759504
Insurance Expense 59701
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 88000
Facing Direction Southeast
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Southeast of 91 Fwy off University
City Riverside
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 46
Number Of Units Total 88
MLS Area 699 - Not Defined
Lot Size Units Acres
Lot Size Square Feet 130244.4
Number of Units Leased 88
Listing Terms Cash Cash to Existing Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 12843
Trash Expense 25958
Water Sewer Expense 34363
Additional Parcels Y/N true
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 1
Total Actual Rent 150340
Property Sub Type Additional Apartment
Taxes 199989
Cap Rate 5.79
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Interior
Fireplace Features None
Total Stories 3
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 26-30 Units/Acre
Water Source Public
Total Parking 134
Lot Size Area 2.99
Number of Buildings 2
Building Area Total 67202
Lot Size Acres 2.99
Private Pool false
Lot Size Source Assessor
Pool Charge 13240
Number of Separate Water Meters 0
Number of Separate Gas Meters 88
Number of Separate Electric Meters 88
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* Excluded Features
List By
Kidder Mathews Of California, Inc

Broker

jon.mitchell@kidder.com

Email

Affordability Calculator

$108,360
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Monthly Principal & Interest
$108,360
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2026$17,599,000 Listed Price

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3681 Cranford Avenue, Riverside, CA, 92507 is a Multi-Family Home for sale at $17,599,000 with 67,202 sqft and a lot size of 2.99. 3681 Cranford Avenue is a studio with 1.0 baths and was built in 1965. The property's zip code is 92507 which is in Riverside, CA