5111 La Sierra Avenue #3

Riverside, CA 92505

  • 6 Bed(s)
  • 3 Bath(s)
  • 3,655 Sqft
  • 42253
    Sqft(Lot)
$1,180,000

Description

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!!

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    46606901

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Property Details

  • Water/Sewer

    • Water Source : See Remarks
    • Sewer : Unknown

    Interior Features

    • Interior Features: All Bedrooms Down

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1948
    • Building Area Total: 3,655

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.97
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 42253

  • Listing Price Information

    • Original List Price: 1,180,000
    • Listing Contract Date: 2024-08-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 146071034

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities,Electricity,Gas,Grounds Care,HVAC Maintenance,None,Trash Collection,Water

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 252 - Riverside
    • Postal Code Plus 4: 2528
    • Directions: NE corner of La Sierra Ave and Norwood Ave
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: 252 - Riverside
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 76
    • Common Walls: No Common Walls
    • Structure Type: Triplex
    • Year Built Source: See Remarks
    • Entry Level: 1
    • Entry Location: Ground
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 11/25/2024 @ 13:48

  • MLS: TR24165230
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is recently sold, it has 3,655 sqft, 42,253 sized lot, and 6 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Riverside , in zip code 92505, this Riverside County Home are nearby neighborhoods.