$16,995,000
-$604,0003681 Cranford Avenue, Riverside CA 92507
Multi-Family (88 Units)
Property type
149 days
On market
$253
Price per sqft
88 cars
Garage
1965
Year built
130,244 sqft
Lot size
Home highlights
Open Houses
Overview
$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...
Listing provided by: Jonathan Mitchell DRE #01227852, Kidder Mathews of California, Inc
Listing updated: May 6, 2026 at 09:46pm.
Last checked: Jun 5, 2026 at 03:00pm
Source: CRMLS #OC26004201
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 0 | 1 | 1 | $1,491 | $10,437 | $1,595 | Unfurnished |
| 58 | 1 | 1 | 1 | $1,621 | $94,018 | $1,695 | Unfurnished |
| 23 | 2 | 2 | 1 | $1,995 | $45,885 | $2,150 | Unfurnished |
# of Buildings: 2
# of Units Total: 88
Separate Electric Meters: 88
Separate Gas Meters: 88
Separate Water Meters: 0
Rent Control: Yes
Units Leased: 88
Total Actual Rent: $150,340
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
9.4x
List Price / Annual Gross Rent
Cap Rate
6.1%
NOI / List Price
Gross Scheduled Income: $1,803,600
Vacancy Allowance: $54,108
Vacancy Allowance Rate: 3%
Operating Expense: $741,504
Net Operating Income: $1,037,364
Annual Operating Expenses
Electric: $12,843
Gardener: $21,642
Insurance: $59,701
Maintenance: $88,000
New Taxes: $189,989
Pest Control: $4,081
Pool: $13,240
Professional Management: $194,978
Trash: $25,958
Water / Sewer: $34,363
Other Expense: $96,709
Interior
Cooling: Wall Window Units
Heating: None
Fireplace: None
Laundry: Common Area
Entry Location: Street
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Direction Faces: Southeast
Lot Features: Twenty Six To Thirty Units Acre
Pool: Community
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 88
Uncovered Spaces: 46
Parking Total: 134
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 250170037
Additional Parcels: Yes
Tax Lot: 1
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Foothills, Pool
Nearby Schools
Nearby schools around the 3681 Cranford Avenue, Riverside, CA 92507. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$13,596,000
Total Interest
$17,340,949
Total Payment
$30,936,949
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$103,789
per month
Property History for 3681 Cranford Avenue
Riverside Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92507.
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