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$18,100,000
Est. payment /mo
2 Sqft Lot
UPDATED:
12/31/2024 11:30 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24232711
Originating Board California Regional MLS
Year Built 1965
Lot Size 2 Sqft
Property Description
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the 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, 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.
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Laundry Community Facility
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 176.0
Pool Pool - In Ground, Pool - Yes, Pool - Fenced
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 250170037
Special Listing Condition Not Applicable
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Listed by Mark Bridge • Mark Bridge, Broker
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033