Riverside, CA 92505,5111 La Sierra AVE #3
Riverside, CA 92505,5111 La Sierra AVE #3
Riverside, CA 92505,5111 La Sierra AVE #3
Riverside, CA 92505,5111 La Sierra AVE #3
Riverside, CA 92505,5111 La Sierra AVE #3
Riverside, CA 92505,5111 La Sierra AVE #3
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$ 1,180,000
Est. payment | /mo

0.97 Acres Lot


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$ 1,180,000
Est. payment | /mo
Save

0.97 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR24165230

HOA Y/N No

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 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!!

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R3

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Inside

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Street Lights

Total Parking Spaces 26

Private Pool No

Building

Lot Description 2-5 Units/Acre, Corner Lot, Lawn, Lot Over 40000 Sqft

Story 1

Entry Level One

Sewer Unknown

Water See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 146071034

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Tony Lam • Keller Williams Signature Realty • 909-618-3765
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350 James Way, Pismo Beach, California, 93449, USA

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5111 La Sierra AVE #3

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