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3681-3725 Cranford Ave
Riverside, CA 92507 University

$16,995,000 USD

Apartments For Sale  •  67,202 SF

Property Details

  • Property Type Apartments
  • Total Building Size 67,202 SF
  • Lot Size 2.99 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 6.10 %
  • Zoning R3
43 Transit Score
77 Walk Score

Highlights

59 of 88 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity & shower
Day One 9.4 GRM & 6.10% Cap Rate
Earthquake retro and seismic upgrades
Less than 1.5 miles from 91 and 215 freeways
Priced below replacement cost (under $253 per foot)
Balanced unit mix of 2, 1 bedroom and studio units priced at $193,125 per unit

Property Flyers

Financial Summary (Actual)

Net Operating Income: $1,037,364 USD (2025)
Cap Rate: 6.10 %
Total Expenses: $741,504 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Microwave
  • Pool
  • Property Manager on Site
  • Ceiling Fans
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.9 mi
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.1 mi
AirportDriveWalkDistance
Ontario International 24 min - 17.5 mi
John Wayne/Orange County 55 min - 44.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 39
Type: Surface
Included in Rent: Yes
Jonathan Mitchell 714-337-8405 Kidder Mathews
Jonathan Mitchell 714-337-8405 Kidder Mathews