$17,599,000 USD
714-337-8405
3681-3725 Cranford Ave
Riverside, CA 92507
University
HIGHLIGHTS
- 59 of 88 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity & shower
- Day One 9.7 GRM & 5.79% Cap Rate
- Earthquake retro?t and seismic upgrades
- Less than 1.5 miles from 91 and 215 freeways
- Priced below replacement cost (under $262 per foot)
- Balanced unit mix of 2, 1 bedroom and studio units priced at $199,989 per unit
FOR SALE DETAILS
PRICE
$17,599,000 USD
PRICE/SF
$167 USD /SF
# OF UNITS
88
PRICE/UNIT
$199,989
CAP RATE
5.79%
% LEASED
99%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
University Gardens Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1966
PARKING SPACES
138
LAND DETAILS
LAND ACRES
2.99 AC
LAND SF
130,244 SF
ZONING
R3
APN/PARCEL ID
250-170-003,250-170-037
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714-337-8405
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714-337-8405
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