5111 La Sierra Avenue, Riverside, CA 92505
  • MLS#: TR24165230 ( Triplex )
  • Street Address: 5111 La Sierra Avenue
  • Viewed: 2
  • Price: $1,180,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 100
  • Additional Information
  • County: RIVERSIDE
  • City: Riverside
  • Zipcode: 92505
  • Provided by: Keller Williams Signature Realty
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • 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 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!!
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 3655.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 66
Electric Expense
  1. 0.00
Entry Location
  1. Ground
Fuel Expense
  1. 0.00
Garage Spaces
  1. 6.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 2114.40
Laundry Features
  1. Inside
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
  2. Corner Lot
  3. Lawn
  4. Lot Over 40000 Sqft
Netoperatingincome
  1. 57372.00
Otherexpense
  1. 2996.00
Otherexpensedescription
  1. Pro tax
Parcel Number
  1. 146071034
Parking Features
  1. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 2528
Professionalmanagementexpense
  1. 4747.00
Property Type
  1. Triplex
Sewer
  1. Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420795088:CRM
Tenant Pays
  1. None
  2. All Utilities
  3. Electricity
  4. Grounds Care
  5. Gas
  6. HVAC Maintenance
  7. Trash Collection
  8. Water
Totalactualrent
  1. 5782.00
Totalexpenses
  1. 12012.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 20.00
Water Sewer Expense
  1. 0.00
Water Source
  1. See Remarks
Year Built
  1. 1948
Year Built Source
  1. See Remarks
Zoning
  1. R3