3681 Cranford Avenue, Riverside, CA 92507

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$22,599,000

Est. payment - /mo

8 Beds

5 Baths

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UPDATED:

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

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 signiant 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

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Listed by Jonathan Mitchell Kidder Mathews of California, Inc

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3681 Cranford Avenue Riverside, CA 92507