3681 Cranford Avenue, Riverside, California 92507

Built in 1964, The University Gardens consist of approximately

67,202 of rentable square feet and is in good condition

since the current ownership has made several recent

renovations to the interiors & exteriors.

The unit mix consists of 2 Bedroom, 1

Bedroom & Studio units. The property is situated

on approximately 3 acres of land that includes tuck

under parking, carports, open on-site parking

in addition to 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 & ceiling fans throughout. Most of the

“heavy lifting” is almost complete and should appeal to

an investor looking for an asset surrounded

by tremendous job opportunity and 10% realistic

rental upside. Priced way below replacement cost

(under $262 per foot) & less than 1.5 miles from 91 and 215 freeways. Earthquake retrofit and seismic upgrades have been made & all newer roofs and rain gutters.