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Listed by Jonathan Mitchell • Kidder Mathews of California, Inc
$ 23,995,000
Est. payment /mo
Active
3681 Cranford Avenue Riverside, CA 92507
89,517 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 89,517 sqft
Price per Sqft $268
MLS Listing ID CROC25062567
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
Lot Size 2.990 Acres
Property Sub-Type Other
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
Interior
Heating None
Fireplace No
Laundry Other
Building
Water Public
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