5111 La Sierra Avenue Active Save Request In-Person Tour Request Virtual Tour
Riverside,CA 92505
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,655 sqft
Price per Sqft $322
MLS Listing ID CRTR24165230
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 0.970 Acres
Property 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
Location
State CA
County Riverside
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside
Exterior
Parking Type Other
Building
Lot Description Corner Lot,Other