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5111 La Sierra Ave
For Sale $1,180,000
$1,180,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 42,253 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 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!!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,180,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 6 spots |
| Year Built | 1948 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 146071034 |
| MLS # | TR24165230 |
| Property ID | 320750982 |
| Lot Sqft | 42,253 |
| Zoning | R3 |
| Total Units | 3 |
| Days on Market | 149 |
| Original List Price | $1,288,888 |
| Date Updated | December 18, 2024 |
| Date Created | August 08, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $5,782 | $0 |
| Net Income (Yr) | $ 57,372 |
| Cap Rate | 4.45% |
Listing Provided By
Tony Lam an agent of . Lic #01944496
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 18, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT