3681 Cranford Ave
Description
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...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 $262 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.
- Listed by Jonathan Mitchell • DRE #01227852 • Brokerage DRE #01946490 • Kidder Mathews of California, Inc • 949-557-5000
Property Details for 3681 Cranford Avenue
Property Details for 3681 Cranford Avenue
| Status | Active |
|---|---|
| MLS # | OC26004201 |
| Days on Market | 15 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1965 |
| County | Riverside County |
Location
Building Information for 3681 Cranford Avenue
Payment Calculator
$92,248 per month
30 year fixed, 6.15% Interest
$85,774
$6,474
$0
Property Information for 3681 Cranford Avenue
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $29,376
- Gross Scheduled Income: $1,803,600
- Gross Spendable Income: $1,019,364
- Vacancy Allowance: 54108
- Vacancy Allowance Rate: 3
- Gross Operating Income: $1,778,868
- Net Operating Income: $1,019,364
- Number Of Rented Garages: 0
- Laundry Income: $19,376
- Other Income 1: $10,000
- Gross Multiplier: 9.71
- Cap Rate: 5.79
- Operating Expense: $759,504
- Operating Expense Percent: 43.00%
- New Taxes Expense: $199,989
- Gardener Expense: $21,642
- Pest Control Expense: $4,081
- Pool Expense: $13,240
- Electric Expense: $12,843
- Insurance Expense: $59,701
- Maintenance Expense: $88,000
- Professional Management Expense: $194,978
- Other Expense: $100,709
- Trash Expense: $25,958
- Water Sewer Expense: $34,363
- Total Expenses: $759,504
- Tax Tract Number: 0
- CFD/Mello-Roos Fee: $1,459
- Tax Lot: 1
- Community Features: Biking, Foothills
- Laundry: Yes
- Laundry Features: Common Area, Community
- Laundry Equipment Own Lease: Lease
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Wall/Window Unit(s)
- Heating Type: None
- Heating: None
- Heat Equipment: N/K
- Entry Location: Street
- Pool Features: Community
- Pool: Community/Common
- Pool Heat: Community/Common
- Additional Parcels Description: 250170033
- Lot Features: 26-30 Units/Acre
- Direction Faces: Southeast
- Number Of Units: 88
- Land Lease: No
- Land Lease Type: Fee
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 88
- Parking: Yes
- Parking Garage: Assigned
- Uncovered Spaces: 46
- Open Other Spaces Total: 46
- Parking Garage Spaces: 88
- Carport Spaces: 0
- Parking Features: Assigned
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 7
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,491
- Unit Type Total Rent: $10,437
- Unit Type Pro Forma: 1595
- Unit Type Type: 1
- Unit Type Units Total: 58
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,621
- Unit Type Total Rent: $94,018
- Unit Type Pro Forma: 1695
- Unit Type Type: 2
- Unit Type Units Total: 23
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $45,885
- Unit Type Pro Forma: 2150
- Unit Type Type: 3
- Number Of Units Leased: 88
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 88
- Number Of Separate Gas Meters: 88
- Number Of Separate Water Meters: 0
- Number With Range: 88
- Number With Disposal: 88
- Number Wall AC: 88
Property History for 3681 Cranford Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 7, 2026 | Listed (Active) CRMLS #OC26004201 | $17,599,000 | — |
| Jan 5, 2026 | Listed (Active) CLAW #OC26004201MR | $17,599,000 | — |
| Jan 5, 2026 | Listed (Active) SDMLS #OC26004201 | $17,599,000 | — |
| Nov 14, 2025 | Expired CRMLS #OC25062567 | — | |
| Nov 13, 2025 | Withdrawn / Cancelled CRMLS #OC25062567 | $22,599,000 | — |
| Nov 13, 2025 | Expired SDMLS #OC25062567 | $22,599,000 | — |
| Nov 13, 2025 | Withdrawn / Cancelled SDMLS #OC25062567 | $22,599,000 | — |
| Nov 1, 2025 | Expired SDMLS #OC25062567 | $22,599,000 | — |
| Oct 31, 2025 | Expired CLAW #OC25062567MR | $22,599,000 | — |
| Oct 6, 2025 | Accepting Backup Offers SDMLS #OC25062567 | — | |
| Oct 6, 2025 | Pending CLAW #OC25062567MR | — | |
| Oct 6, 2025 | Accepting Backup Offers CRMLS #OC25062567 | — | |
| Oct 6, 2025 | Accepting Backup Offers CLAW #OC25062567MR | — | |
| Mar 21, 2025 | Listed (Active) CRMLS #OC25062567 | $23,995,000 | — |
| Mar 18, 2025 | Listed (Active) CLAW #OC25062567MR | $23,995,000 | — |
| Mar 18, 2025 | Listed (Active) SDMLS #OC25062567 | $23,995,000 | — |
| Jan 3, 2025 | Expired SDMLS #OC24232711 | $18,100,000 | — |
| Nov 11, 2024 | Listed (Active) SDMLS #OC24232711 | $18,100,000 | — |
| Apr 22, 2019 | Sold (Public Record) Public Record #644740126 | $12,250,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/07/2026 | Listed (Active) CRMLS #OC26004201 | $17,599,000 |
| 01/05/2026 | Listed (Active) CLAW #OC26004201MR | $17,599,000 |
| 01/05/2026 | Listed (Active) SDMLS #OC26004201 | $17,599,000 |
| 11/14/2025 | Expired CRMLS #OC25062567 | — |
| 11/13/2025 | Withdrawn / Cancelled CRMLS #OC25062567 | $22,599,000 |
| 11/13/2025 | Expired SDMLS #OC25062567 | $22,599,000 |
| 11/13/2025 | Withdrawn / Cancelled SDMLS #OC25062567 | $22,599,000 |
| 11/01/2025 | Expired SDMLS #OC25062567 | $22,599,000 |
| 10/31/2025 | Expired CLAW #OC25062567MR | $22,599,000 |
| 10/06/2025 | Accepting Backup Offers SDMLS #OC25062567 | — |
| 10/06/2025 | Pending CLAW #OC25062567MR | — |
| 10/06/2025 | Accepting Backup Offers CRMLS #OC25062567 | — |
| 10/06/2025 | Accepting Backup Offers CLAW #OC25062567MR | — |
| 03/21/2025 | Listed (Active) CRMLS #OC25062567 | $23,995,000 |
| 03/18/2025 | Listed (Active) CLAW #OC25062567MR | $23,995,000 |
| 03/18/2025 | Listed (Active) SDMLS #OC25062567 | $23,995,000 |
| 01/03/2025 | Expired SDMLS #OC24232711 | $18,100,000 |
| 11/11/2024 | Listed (Active) SDMLS #OC24232711 | $18,100,000 |
| 04/22/2019 | Sold (Public Record) Public Record #644740126 | $12,250,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3681 Cranford Avenue
Schools near 3681 Cranford Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Longfellow Elementary School PublicK to 6 | ||
University Heights Middle School Public7 to 8 | ||
John W. North High School Public9 to 12 | ||
Abraham Lincoln Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kidder Mathews of California, Inc, Jonathan Mitchell, DRE #01227852
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.