3681 Cranford Avenue, Riverside, CA 92507
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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
- DMCA Notice
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DescriptionBuilt 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.
Property Location and Similar Properties
Features
Additional Parcels Description
- 25017033
- 250190014
Association Fee
- 0.00
Building Area Total
- 89517.00
Carport Spaces
- 141.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 53
Electric Expense
- 57790.00
Entry Location
- Street
Fireplace Features
- None
Garage Spaces
- 0.00
Gardner Expense
- 13500.00
Heating
- None
Insurance Expense
- 57790.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Common Area
Laundry Income
- 18120.00
Levels
- Three Or More
Lockboxtype
- None
Lot Features
- 26-30 Units/Acre
- 31-35 Units/Acre
Netoperatingincome
- 1437727.00
Newtaxesexpense
- 278989.00
Number Of Separate Electric Meters
- 113
Number Of Separate Gas Meters
- 113
Number Wallac
- 113
Number With Disposal
- 113
Number With Range
- 113
Otherexpense
- 11082.00
Otherexpensedescription
- Reserves
Otherincome1
- 49757.00
Otherincomedescription
- RUBS
- Pet Rent
Parcel Number
- 250170037
Parking Features
- Assigned
- Auto Driveway Gate
- Carport
Pest Control Expense
- 6820.00
Pool Expense
- 13500.00
Pool Features
- Community
Professionalmanagementexpense
- 175959.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 434712568:CRM
Tenant Pays
- Cable TV
- Electricity
Totalexpenses
- 773846.00
Trash Expense
- 30524.00
Uncovered Spaces
- 68.00
Vacancyallowance
- 68390
Water Sewer Expense
- 26369.00
Water Source
- Public
Year Built
- 1965
Year Built Source
- Assessor