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Listed by: Eric Chen (909) 418-2071 DRE #01489184 | CB RICHARD ELLIS (909) 418-2000
$8,000,000
Monthly Est:$39,819
12 Beds
- 9 Baths
25,280sqft
5852 -5854 Norwood Ave, Riverside, CA 92505
$8,000,000
$39,819/moEst:
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Apartment
Built in 2026
$-- HOA
1.77 acres lot
$316/sq.ft
Description
Located at 5832-5834 Norwood Avenue, 5816-5853 Persepolis Court, and 10663-10665 Alborz Court, this portfolio is ideally situated near Kaiser Permanente Riverside Medical Center, La Sierra University, and the Galleria at Tyler, placing residents within minutes of the region's most prominent healthcare, education, and retail destinations with direct connectivity via the 91, 60, 15, and I-215 Freeways. Available for purchase together or separately, each duplex is individually parceled across seven lots.
The 14-Unit Portfolio spans seven individually parceled lots totaling ±77,102 square feet with ±25,280 square feet of rentable area. Built in 2024 and 2026, each two-story townhome-style duplex averages 1,863 square feet. The unit mix includes four 3-bedroom/2.5-bathroom homes at 1,603 SF, eight 4-bedroom/2.5-bathroom homes at 1,950 SF, and two 5-bedroom/3-bathroom units at 2,034 SF. Every residence features an open-concept layout with high ceilings and abundant natural light, a designer kitchen with center island, quartz countertops, custom self-closing cabinetry, and stainless steel appliances. Additional interior features include luxury vinyl flooring, recessed lighting, ceiling fans, walk-in pantry, walk-in closets, and dual vanities in the primary suite. Each home includes an upper-level laundry room with washer and dryer, central HVAC, and solar energy systems. Exteriors include attached two-car garages, private front and rear yards with patios, and decomposed granite landscaping maintained across all three sites.
Situated in southwest Riverside's established La Sierra Acres neighborhood, the portfolio offers suburban tranquility with exceptional regional connectivity. Retail and lifestyle amenities anchored by the Galleria at Tyler and Castle Park enhance resident quality of life, while the La Sierra Metrolink Station (3.7 miles) provides direct transit to LA Union Station. Riverside's major employers — Kaiser Permanente, Riverside Community Hospital, UC Riverside, and Collins Aerospace — drive robust rental demand, reinforcing long-term market stability.
This 14-Unit Portfolio is a stable asset in one of Southwest Riverside's most supply-constrained neighborhoods. Whether you are a first-time investor seeking a turnkey entry into the Inland Empire multifamily market or a seasoned investor adding institutional-quality new construction to your portfolio, this is a rare opportunity to acquire a purpose-built, modern asset.
- Houzeo last checked: 2 hours ago
- Listing updated: September 23, 2026 at 12:13 am
- Source: California Regional MLS-CA | MLS#: CV26172324

Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
2026
HOA Fees
-
Finished Area
25,280 sqft
Lot Size
1.77 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
CV26172324
MLS Status
Active
Days on Market
90
Cumulative Days on Market
47

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 9
Interior
Heating
Central
Flooring
Vinyl
Sewer
Public Sewer
Appliances
Dryer, Washer
Interior Features
Ceiling Fans, Quartz Counters, Recessed Lighting
Cooling
Central Air
Utilities & Energy
Water Source
Public
Pool Features
None
Parking Features
Door Multi, Garage
Other Features
Community Features
Curbs, Street Lights, Sidewalks
Lot Features
Eleven To Fifteen Units Acre
Price History
| Date | Event | Price |
|---|---|---|
08/06/2026 Source: | Price Decreased | $8,000,000 -4.76% $316/sqft |
08/06/2026 Source: | Listed for Sale | $8,400,000 $332/sqft |
La Sierra Acres Ranks #21 in Riverside, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 05, 2026, 12:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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