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3681 Cranford Avenue

Riverside, CA 92507
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Bed 0

Bed

Bath 0

Bath

SqFt67,202

Sqft

SqFt130,244.40

Sqft(Lot)

$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 t hroughout. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $16,995,000

AD Id : 72664009

MLS Id : OC26004201

Lot Size : 130,244.40 Sqft

Living Area Size : 67,202

Year Built : 1965

Garage : 88

County : Riverside

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Fireplace: None
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    None Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1965 Building Area Total: 67,202
  • Pool Features

    Community

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 2.99
  • Lot Size Source: Assessor Lot Size Square Feet: 130244.4

  • Listing Price Information

    Original List Price: 16,995,000 Listing Contract Date: 2026-01-05
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 250170037

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Southeast of 91 Fwy off University Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment
  • Building and Construction

    Property Age: 61 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Street Property Attached: Yes Levels or Stories: Three Or More
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7102 Olive Grove Street, Riverside, CA, 92507 $499,999 3 2 1,567 1,567 SqFt
7395 Olive Grove St, Riverside, CA, 92507 $407,500 2 2 848 848 SqFt
1195 W Spring Street, Riverside, CA, 92507 $885,000 -- -- 3,264 3,264 SqFt
375 Central Avenue #83, Riverside, CA, 92507 $339,000 1 1 740 740 SqFt
421 Devener, Riverside, CA, 92507 $1,615,000 -- -- 5,712 5,712 SqFt
1110 W Blaine Street #102, Riverside, CA, 92507 $365,000 2 2 840 840 SqFt
1110 W Blaine #107, Riverside, CA, 92507 $370,000 2 2 840 840 SqFt
585 Via Pueblo, Riverside, CA, 92507 $748,000 3 3 2,336 2,336 SqFt
1136 W Blaine Street #203, Riverside, CA, 92507 $225,000 -- 1 489 489 SqFt
5050 Canyon Crest, Riverside, CA, 92507 $440,000 2 2 1,302 1,302 SqFt

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ByOwner last updated this listing 06/06/2026 @ 08:39

MLS: OC26004201 LISTED BY: Jonathan Mitchell, Kidder Mathews of California, Inc 949-557-5000 SOURCE: CRMLS

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