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Nicole Darwin

nicole.darwin@engelvoelkers.com +1(707) 330-4357

$ 23,995,000

Est. payment -/mo

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3681 Cranford AVE Riverside, CA 92507

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25062567

HOA Y/N No

Year Built 1965

Lot Size 2.990 Acres

Property Sub-Type Apartment

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 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.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Carport, Electric Gate

Pool Community

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Pool

Total Parking Spaces 209

Private Pool No

Building

Lot Description 26-30 Units/Acre, 31-35 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 250170037

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

Listed by Jonathan Mitchell • Kidder Mathews of California, Inc • 949-557-5000

Nicole Darwin

Advisor

+1(707) 330-4357

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