Truly great investment opportunity! 3 separate units, each has its own street address! 4 buildings, total 3,655sf living space and a huge 42,253sf flat lot! Huge development opportunities! There are 3 water meters, 3 gas meters, 3 electric meters' each unit pays all of its own utilities! Each unit has its own trash account and each tenant even pays its own trash bill! A huge saving for the Landlord here, more money in the Landlord’s pocket.
Front unit is located at the corner of La Sierra Ave and Norwood Ave directly across a Seven and Eleven with a 100.17ft frontage! Buyer could investigate re-zoning possibility making this corner lot a much more valuable commercial zone.
Conveniently located one small block north of The 5 Point approximately 1/2 mile from the La Sierra University, walkable distance to the La Sierra High School, and only short minutes’ drive to Galleria at Tyler, AMC 16, restaurants, entertainment centers and the Castle Park. Each unit has its laundry hookup and garage, total 6 garage parking with at least 20+ extra on property parking spaces, each unit even has its front lawn and back yard. (some garages might have been converted).
Unit 11035 Norwood has a brand new roof installed in 2024! Unit 11059 Norwood Ave has new major pumping work done this year in 2024! It also has a new wood fence installed in 2022.
There is a 4th building where an occupant that have been living there for 25+ years has just vacated!!! An additional opportunity.
The huge 266.63ft deep lot with 42,253sf flat usable area is the game changer and a huge development opportunity. Call today and do not miss this truly great investment opportunity!!
Front unit is located at the corner of La Sierra Ave and Norwood Ave directly across a Seven and Eleven with a 100.17ft frontage! Buyer could investigate re-zoning possibility making this corner lot a much more valuable commercial zone.
Conveniently located one small block north of The 5 Point approximately 1/2 mile from the La Sierra University, walkable distance to the La Sierra High School, and only short minutes’ drive to Galleria at Tyler, AMC 16, restaurants, entertainment centers and the Castle Park. Each unit has its laundry hookup and garage, total 6 garage parking with at least 20+ extra on property parking spaces, each unit even has its front lawn and back yard. (some garages might have been converted).
Unit 11035 Norwood has a brand new roof installed in 2024! Unit 11059 Norwood Ave has new major pumping work done this year in 2024! It also has a new wood fence installed in 2022.
There is a 4th building where an occupant that have been living there for 25+ years has just vacated!!! An additional opportunity.
The huge 266.63ft deep lot with 42,253sf flat usable area is the game changer and a huge development opportunity. Call today and do not miss this truly great investment opportunity!!
Property Details
Price:
$1,180,000
MLS #:
TR24165230
Status:
Active
Baths:
0
Address:
5111 La Sierra Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
252riverside
City:
Riverside
Listed Date:
Aug 8, 2024
State:
CA
ZIP:
92505
Lot Size:
42,253 sqft / 0.97 acres (approx)
Year Built:
1948
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Curbs, Street Lights
Garage Spaces
6.00
Lot Features
2-5 Units/ Acre, Corner Lot, Lawn, Lot Over 40000 Sqft
Parking Features
Garage
Parking Spots
26.00
Pool Features
None
Sewer
Unknown
Stories Total
1
Water Source
See Remarks
Financial
Association Fee
0.00
Tenant Pays
None, All Utilities, Electricity, Grounds Care, Gas, H V A C Maintenance, Trash Collection, Water
Map
Community
- Address5111 La Sierra Avenue Riverside CA
- Area252 – Riverside
- CityRiverside
- CountyRiverside
- Zip Code92505
Similar Listings Nearby
- 896 N Cota Street
Corona, CA$1,250,000
4.89 miles away
- 4320 Ambs Drive
Riverside, CA$1,249,000
1.44 miles away
- 10543 Campbell Avenue
Riverside, CA$995,000
0.90 miles away
- 4565 Crestview Drive
Norco, CA$950,000
2.62 miles away
- 10098 Campbell Avenue
Riverside, CA$933,000
1.30 miles away
Courtesy of Keller Williams Signature Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5111 La Sierra Avenue
Riverside, CA
LIGHTBOX-IMAGES