Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    3681 Cranford Avenue, Riverside, CA 92507
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    3681 Cranford Avenue
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    • MLS#: OC25062567 ( Apartment )
    • Street Address: 3681 Cranford Avenue
    • Viewed: 4
    • Price: $23,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1965
    • Bldg sqft: 0
    • Days On Market: 11
    • Additional Information
    • County: RIVERSIDE
    • City: Riverside
    • Zipcode: 92507
    • Provided by: Kidder Mathews of California, Inc
    • Contact: Jonathan Jonathan
    • California Regional MLS IDX
    • DMCA Notice
    • 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 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.
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    Features
    Additional Parcels Description
    1. 25017033
    2. 250190014
    Association Fee
    1. 0.00
    Building Area Total
    1. 89517.00
    Carport Spaces
    1. 141.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 53
    Electric Expense
    1. 57790.00
    Entry Location
    1. Street
    Fireplace Features
    1. None
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 13500.00
    Heating
    1. None
    Insurance Expense
    1. 57790.00
    Laundry Equipment Own Lease
    1. Lease
    Laundry Features
    1. Common Area
    Laundry Income
    1. 18120.00
    Levels
    1. Three Or More
    Lockboxtype
    1. None
    Lot Features
    1. 26-30 Units/Acre
    2. 31-35 Units/Acre
    Netoperatingincome
    1. 1437727.00
    Newtaxesexpense
    1. 278989.00
    Number Of Separate Electric Meters
    1. 113
    Number Of Separate Gas Meters
    1. 113
    Number Wallac
    1. 113
    Number With Disposal
    1. 113
    Number With Range
    1. 113
    Otherexpense
    1. 11082.00
    Otherexpensedescription
    1. Reserves
    Otherincome1
    1. 49757.00
    Otherincomedescription
    1. RUBS
    2. Pet Rent
    Parcel Number
    1. 250170037
    Parking Features
    1. Assigned
    2. Auto Driveway Gate
    3. Carport
    Pest Control Expense
    1. 6820.00
    Pool Expense
    1. 13500.00
    Pool Features
    1. Community
    Professionalmanagementexpense
    1. 175959.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 434712568:CRM
    Tenant Pays
    1. Cable TV
    2. Electricity
    Totalexpenses
    1. 773846.00
    Trash Expense
    1. 30524.00
    Uncovered Spaces
    1. 68.00
    Vacancyallowance
    1. 68390
    Water Sewer Expense
    1. 26369.00
    Water Source
    1. Public
    Year Built
    1. 1965
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836