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Listed by Jonathan Mitchell • Kidder Mathews of California, Inc
$ 23,995,000
Est. payment /mo
Active
3681 Cranford AVE Riverside, CA 92507
2 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25062567
Originating Board California Regional MLS
Year Built 1965
Lot Size 2 Sqft
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 No Heating
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces, Carport , Gate / Door Opener
Garage Spaces 209.0
Pool Community Facility
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 250170037
Special Listing Condition Not Applicable
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