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5111 La Sierra Avenue

Riverside, CA 92505

– beds
– baths
– sqft
~1 acre lot
1948 build
– on site

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!!

Listed By CRMLS_CA / Tony Lam / Keller Williams Signature Realty / 909-618-3765

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# TR24165230 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1948
Year Built Source:

See Remarks
New Construction:

No
Building Area Total:

3655.00
Building Area Units:

Square Feet
Total Number Of Units:

3
# of Buildings:

4
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

3
# of Separate Water Meters:

3
# of Separate Electric Meters:

3

Interior

Levels:

One
Entry Location:

Ground
Room Type:

All Bedrooms Down
Laundry:

Inside
Laundry:

1

Location

Directions:

NE corner of La Sierra Ave and Norwood Ave
Latitude:

33.92386000
Longitude:

-117.49086400

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

R3
Lot Features:

2-5 Units/Acre, Corner Lot, Lawn, Lot Over 40000 Sqft
Lot Size Area:

42253.0000
Lot Size Acres:

0.9700
Lot Size SqFt:

42253.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

C
Tax Census Tract:

413.01
Tax Tract:

041301
Tax Lot:

8

The Listing

Special Listing Conditions:

Standard
Parcel Number:

146071034

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Unknown
Water Source:

See Remarks

The Community

Features:

Curbs, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

26.00
Garage Spaces:

6.00
Uncovered Spaces:

20.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/17/24 Dec 17, 2024	Listed / Active	CRMLS_CA	$1,180,000
11/18/24 Nov 18, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,180,000
10/12/24 Oct 12, 2024	Price Changed	CRMLS_CA	$1,180,000	-8.4%

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This multifamily located in West Riverside, Riverside, CA 92505 is currently for sale for $1,180,000. 5111 La Sierra Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 134 days. 5111 La Sierra Avenue is in the West Riverside neighborhood of Riverside and has a WalkScore® of 57, making it somewhat walkable. This multifamily is in the attendance area of Twinhill Elementary School, Norte Vista High School, and Loma Vista Middle School.

Listing Courtesy of: CRMLS_CA and Keller Williams Signature Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 23:56 on Dec 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.