$23,995,000
2.99 Acre Lot

3681 Cranford Avenue, Riverside, California 92507

  • Residential Income Property Type
  • Carport Cars Garage
  • 1965 Year Built
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.

Basic Details
Residential Income
For Sale
OC25062567
$23,995,000
1965
2.99 Acre
Active
1
Apartment
Features
: Community
: None
: None
: Carport, Electric Gate, Assigned
: Common Area
: Public Sewer
$0
Address Map
CA
Riverside
Riverside
92507
Cranford
3681
Avenue
W118° 39' 18.7''
N33° 58' 38.3''
3681-3725 CRANFORD AVE & 1480 7th ST. 1 mile east of 91 fwy and 1 mile west of 215 fwy
252 - Riverside
Additional Information
$0
$0
$0
$0
$0
89517
: Sidewalks, Street Lights, Curbs, Pool, Storm Drain(s)
1
: Three Or More
: 31-35 Units/Acre, 26-30 Units/Acre
113
2025-03-21
3
: Public
Broker/Agent Information
Kidder Mathews of California, Inc
Jonathan Mitchell
Listing Information
SMITCJON
OC07007
Cash,Cash to Existing Loan,Cash to New Loan
Active
2025-03-21T22:23:06Z
CRMLS
: Standard
2025-03-21T14:50:28Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069