5111 La Sierra Avenue
$1,180,000
6
3
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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 Landlords pocket. Front unit is located at the corner of La Sierra Ave and...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 Landlords 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!
- Listed by Tony Lam • DRE #01944496 • Brokerage DRE #01884917 • Keller Williams Signature Realty
Property Details for 5111 La Sierra Avenue
City Postal ID
RIV CTY-RIVERSIDE (92505)
LISTING UPDATED: 12/17/2024 11:21 PM
Property Details for 5111 La Sierra Avenue
Status | Active |
---|---|
MLS # | TR24165230 |
Days on Market | 135 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 0.97 AC / 42,253 SF |
County | Riverside County |
Building Information for 5111 La Sierra Avenue
Stories1Residences-Year Built-Building Size-Lot Size0.97 AC / 42,253 SF
Property Information for 5111 La Sierra Avenue
Property History for 5111 La Sierra Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5111 La Sierra Avenue
Taxable ValueLand$265,000Additions$690,000Total$955,000
Tax Record2024$11,654 ($971 / month)
Home Facts
Baths1Total Finished SqFt1,149 SqFtAbove Grade Finished SqFt1,149 SqFtStories1Lot Size42,253 SqFtStyleDuplexYear Built1948ZoningR3CountyRIVERSIDEAPN146-071-034Fireplace TypeHas Fireplace
Schools near 5111 La Sierra Avenue
This home is within Alvord Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Twinhill Elementary School PublicK to 5 | ||
Loma Vista Middle School Public6 to 8 | ||
Norte Vista High School Public9 to 12 | ||
Alvord Alternative Education Center 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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