5111 La Sierra Avenue 3, Riverside, CA, 92505

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$1,180,000
135 Days On Site

5111 La Sierra Avenue 3
Riverside, CA 92505

For Sale|Triplex|Active
0
Beds
0
Full Baths
0
Partial Baths
3,655
SqFt
$323
/SqFt
1948
Built
County:
Riverside
Listed by Tony Lam of Keller Williams Signature Realty [email protected]
Call Now: 909-750-0222
Is this the home for you? We can help make it yours.
909-750-0222
5111 La Sierra Avenue 35111 La Sierra Avenue 35111 La Sierra Avenue 35111 La Sierra Avenue 3
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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!!

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Listing Snapshot
Price 
$1,180,000
Days On Site 
135 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,655 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.97 Acres
Year Built 
1948
MLS® Number 
TR24165230
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoStatus changed to Active
5 days agoListing updated with changes from the MLS®
2 months agoPrice changed to $1,180,000
4 months agoListing first seen on site
General Features
Acres 
0.97
Garage 
Yes
Garage Spaces 
6
Number Of Stories 
1
Parking 
Garage
Parking Spaces 
26
Property Sub Type 
Triplex
Sewer 
Unknown
Special Circumstances 
Standard
SqFt Total 
3655
Stories 
One
Water Source 
See Remarks
Zoning 
R3
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
Laundry Features 
Inside
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Exterior Features
Lot Features 
Corner Lot
Pool Features 
None
Community Features
Building Access 
Ground
Community Features 
CurbsStreet Lights
Financing Terms Available 
1031 Exchange
MLS Area 
252 - Riverside


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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