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Listed by Mark.Bridge@cushwake.com - Mark Bridge - DRE #01316702 - Mark Bridge, Broker 949-474-4004

$18,100,000

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Cranford Ave Riverside, CA 92507

Apartment Residence

Beds

Baths

70,160 Sq. Ft.

2.21 Acre Lot

Property Activity

Time on Site

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Days on Market

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Last updated on 11/15/2024 5:16 PM

Listing Details

This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Buil...t in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the 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, 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. Continue reading

MLS#

OC24232711

Property Type

Apartment

Status

Year Built

1965

Square Feet

70,160 sq. ft

Lot Size

2.21

Sewer