3681 Cranford Avenue, Riverside, CA 92507

Riverside
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3681 Cranford Avenue,Riverside, CA 92507
$16,995,000
  • 3 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jonathan mitchell
Office: kidder mathews of california, inc
MLS#:OC26004201
Source:San Diego MLS via CRMLS

Price summary

  • Price:$16,995,000

About this home

$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...

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Home facts

  • Listing ID #:OC26004201
  • Added:96 day(s) ago
  • Updated:April 14, 2026 at 01:55 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:4

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:3 Story

Finances and disclosures

  • Price:$16,995,000

Features and amenities

  • Pool features:Community/Common
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