5111 La Sierra Avenue

Riverside, CA 92505

$1,180,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. 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

StatusActive
MLS #TR24165230
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.97 AC / 42,253 SF
CountyRiverside 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

Summary Information
Property and Location
  • System ID: 306239444
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Street Number Numeric: 5111
  • Street Name: La Sierra Avenue
  • Directions To Property: NE corner of La Sierra Ave and Norwood Ave
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $4
  • CFD/Mello-Roos Fee: $58
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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!!
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size Source: Assessor Record
  • Site: Corner Lot, Curbs
  • Zoning: See Remark
  • Assessors Parcel Num: 146071034
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Rent Actual: $2,255
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Rent Actual: $1,994
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Rent Actual: $1,728

Property History for 5111 La Sierra Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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5111 La Sierra Avenue is a multi-family home for sale in Riverside, CA 92505. This property was listed for sale on August 9, 2024 by Keller Williams Signature Realty, it's currently listed at $1,180,000. This listing's school district is Alvord Unified School District. Nearby schools include Twinhill Elementary School, Loma Vista Middle School and Norte Vista High School. 5111 La Sierra Avenue is a 6-bed, 3-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Signature Realty, Tony Lam, DRE #01944496

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.