4
See all 4 photos
$22,599,000
Est. payment /mo
8 Beds
5 Baths
Active
3681 Cranford Avenue Riverside, CA 92507
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25062567
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Call For Offers: 6/11. 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.
Location
State CA
County Riverside
Zoning Assessor
Direction 3681-3725 CRANFORD AVE & 1480 7th ST. 1 mile east of 91 fwy and 1 mile west of 215 fwy
Interior
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 250170037
Listed by Jonathan Mitchell Kidder Mathews of California, Inc