- 3 Beds
- 4 Baths
- 2.99 Acres
- 118 DOM
3681 Cranford Avenue
$600,000 Price Reduction. Day one 6.10% CAP Rate & 9.4 GRM. 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 $253 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.
Essential Information
- MLS® #OC26004201
- Price$16,995,000
- Bedrooms3
- Bathrooms4.00
- Acres2.99
- Year Built1965
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address3681 Cranford Avenue
- Area699 - Not Defined
- CityRiverside
- CountyRiverside
- Zip Code92507
Amenities
- Parking Spaces134
- ParkingAssigned
- # of Garages88
- GaragesAssigned
- Has PoolYes
- PoolCommunity
Interior
- HeatingNone
- CoolingWall/Window Unit(s)
- FireplacesNone
- # of Stories3
- StoriesThree Or More
Exterior
- Lot DescriptionTwentySixToThirtyUnitsAcre
Additional Information
- Date ListedJanuary 5th, 2026
- Days on Market118
Listing Details
- AgentJonathan Mitchell
Office
Kidder Mathews of California, Inc
Price Change History for 3681 Cranford Avenue, Riverside, (MLS® #OC26004201)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $17,599,000 to $16,995,000 |
Jonathan Mitchell, Kidder Mathews of California, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2026 at 6:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.