3681 Cranford Avenue, Riverside, CA 92507 - MLS#OC25062567

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$23,995,000

Est. payment - /mo

8 Beds

5 Baths

2.99 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25062567

Bedrooms 8

HOA Y/N No

Lot Size 2.990 Acres

Property Sub-Type Res Income 2-4 Units

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.
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 Riv Cty-Riverside (92507)

Zoning Assessor

Exterior

Parking Features Unit1:Assigned

Pool Community/Common

Building

Lot Description Curbs, Sidewalks

Story 3

Lot Size Range 2+ to 4 AC

Level or Stories 3 Story

Others

Monthly Total Fees $121

Acceptable Financing Cash

Space Rent $2,295

Listing Terms Cash

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Listed by Jonathan Mitchell • Kidder Mathews of California, Inc

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

3681 Cranford Avenue Riverside, CA 92507

Arash Rokni

Key Details

Location

Exterior

Building

Others

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