Debra Mason
Berkshire Hathaway Homeservices California Realty
(951) 221-9081
42 Total Sales
1 in University
$590,000 Price
3681 Cranford Ave Riverside, CA 92507
University Neighborhood
3
Beds
4
Baths
67,202
Sq Ft
2.99
Acre Lot
Highlights
- 2.99 Acre Lot
- Community Pool
- Bike Trail
- No HOA
- Foothills
- Laundry Facilities
About This Home
As of August 2026$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.
Last Agent to Sell the Property
Kidder Mathews of California, Inc Brokerage Email: jon.mitchell@kidder.com License #01227852 Listed on: 01/07/2026
Last Buyer's Agent
Kidder Mathews of California, Inc Brokerage Email: jon.mitchell@kidder.com License #01227852 Listed on: 01/07/2026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 2.99 Acre Lot
- Two or More Common Walls
- Southeast Facing Home
- Density is 26-30 Units/Acre
- 250170033
Parking
- 46 Open Parking Spaces
- 88 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 67,202 Sq Ft Home
- 3-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Tenant pays for gas, cable TV, electricity
- Tax Lot 1
- Assessor Parcel Number 250170037
- $1,459 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 88 Units
- Foothills
Amenities
- Laundry Facilities
Recreation
- Community Pool
- Bike Trail
Building Details
- 88 Leased Units
- Rent Control
- 88 Separate Electric Meters
- 88 Separate Gas Meters
- Electric Expense $12,843
- Gardener Expense $21,642
- Insurance Expense $59,701
- Maintenance Expense $88,000
- Other Expense $96,709
- Pest Control $4,081
- Pool Expense $13,240
- Professional Management Expense $194,978
- Trash Expense $25,958
- Water Sewer Expense $34,363
- New Taxes Expense $189,989
- Operating Expense $741,504
- Gross Income $29,376
- Net Operating Income $1,037,364
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 22, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,450,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 22, 2014
Sold by
Bought by
Purchase Details
Closed on
Jun 22, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,360,000
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 24, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
6.29%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 20, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,175,000
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 21, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,305,608
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 30, 1999
Sold by
Bought by
Purchase Details
Closed on
Jun 26, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University, CA
-
Debra Mason
-
Lisa Mason
Lisa Mason
Orchard Brokerage, LLC
(951) 517-4142
40 Total Sales
2 in University
$875,000 Price Range
-
Ning Wang
Ning Wang
Real Broker
(626) 320-8702
20 Total Sales
2 in University
$768,000 Price Range
-
Kitty Ho
Kitty Ho
Wetrust Realty
(626) 784-7203
104 Total Sales
1 in University
$393,000 Price
-
Kama Burton
Kama Burton
CMB REALTY SERVICES
(951) 400-4391
29 Total Sales
2 in University
$380,000 Price Range
-
John Reyes
John Reyes
HIGHER REALTY INC.
(909) 404-8301
57 Total Sales
1 in University
$585,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $12,250,000 | Fidelity National Title Co | |
| Grant Deed | $738,900 | First American Title Co | |
| Trustee Deed | $5,680,169 | None Available | |
| Grant Deed | -- | First American Title Ins Co | |
| Grant Deed | -- | First American Title Ins Co | |
| Grant Deed | -- | First American Title Co | |
| Grant Deed | -- | First American Title Co | |
| Corporate Deed | $1,315,000 | North American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $7,760,000 | Commercial | |
| Closed | $5,450,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $5,360,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $6,500,000 | Commercial | |
| Previous Owner | $2,175,000 | Commercial | |
| Previous Owner | $1,305,608 | Seller Take Back |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2026 08/11/26 | Sold | $16,300,000 | -4.1% | $243 / Sq Ft |
| 03/06/2026 03/06/26 | Price Changed | $16,995,000 | -3.4% | $253 / Sq Ft |
| 01/07/2026 01/07/26 | For Sale | $17,599,000 | -- | $262 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $77,692 | $6,969,199 | $1,137,827 | $5,831,372 |
| 2025 | $77,692 | $6,832,549 | $1,115,517 | $5,717,032 |
| 2023 | $75,158 | $6,567,235 | $1,072,201 | $5,495,034 |
| 2022 | $73,421 | $6,438,467 | $1,051,178 | $5,387,289 |
| 2021 | $72,141 | $6,312,223 | $1,030,567 | $5,281,656 |
| 2020 | $71,603 | $6,247,500 | $1,020,000 | $5,227,500 |
| 2019 | $44,219 | $3,796,755 | $500,004 | $3,296,751 |
| 2018 | $43,377 | $3,744,309 | $490,200 | $3,254,109 |
| 2017 | $42,601 | $3,671,324 | $480,589 | $3,190,735 |
| 2016 | $39,894 | $3,599,769 | $471,166 | $3,128,603 |
| 2015 | $39,117 | $3,524,995 | $464,090 | $3,060,905 |
| 2014 | $29,583 | $2,606,907 | $338,435 | $2,268,472 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Mitchell
Seller's Agent in 2026
Jonathan Mitchell
Kidder Mathews of California, Inc
(714) 337-8405
2 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26004201
APN: 250-170-037
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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