3681 Cranford Ave Riverside, CA 92507
University NeighborhoodEstimated payment $97,733/month
Highlights
- 2.99 Acre Lot
- Community Pool
- Foothills
- No HOA
- Cooling System Mounted To A Wall/Window
- Bike Trail
About This Home
$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.
Listing Agent
Kidder Mathews of California, Inc Brokerage Phone: 949-557-5000 License #01227852 Listed on: 01/07/2026
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
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Leased Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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 |
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 |
|---|---|---|---|---|
| 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)
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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