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New construction
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 626-757-5717
    $8,400,000

    5824 Persepolis Ct, Riverside, CA 92505

    --beds
    --baths
    25,280sqft
    : 
    $56,680/mo
    Get pre-qualified
    Multi Family
    Built in 2026
    -- sqft lot
    $448,700 Zestimate®
    $332/sqft
    $-- HOA

    What's special

    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen 626-757-5717,

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV26172324MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Washer
      Features
      • Ceiling Fan(s), Quartz Counters, Recessed Lighting
      • Flooring: Vinyl
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 25,280
      • Total interior livable area: 25,280 sqft

      Property

      Parking
      • Total spaces: 42
      • Parking features: Door-Multi, Garage
      • Garage spaces: 28
      • Uncovered spaces: 14
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      • Spa features: None
      Lot
      • Size: 1.77 Acres
      • Features: 11-15 Units/Acre
      Details
      • Additional parcels included: 150140021, 150140,025, 150140024, 150140030, 150140029, 150140020
      • Parcel number: 150140028
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: Yes
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      Location
      • Region: Riverside

      Financial & listing details

      • Price per square foot: $332/sqft
      • Tax assessed value: $153,000
      • Annual tax amount: $1,922
      • Date on market: 8/6/2026
      • Listing terms: Cash,Cash to New Loan
      • Total actual rent: 642600

        Estimated market value

        $448,700

        $337,000 - $579,000

        $3,707/mo

        Price history

        DateEventPrice
        8/7/2026Listed for sale$8,400,000+10400%$332/sqft
        Source: CRMLS #CV26172324 Report a problem
        6/10/2026Price change$3,875-0.6%
        Source: Zillow Rentals Report a problem
        5/26/2026Listed for rent$3,900
        Source: Zillow Rentals Report a problem
        2/1/2024Sold$80,000-92.7%$3/sqft
        Source: Public Record Report a problem
        4/12/2016Listing removed$1,099,900$44/sqft
        Source: Keller Williams - Rancho Cucamonga #CV16051202 Report a problem
        3/11/2016Listed for sale$1,099,900$44/sqft
        Source: KELLER WILLIAMS REALTY #CV16051202 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,922 +53.3%$153,000 +53.2%
        2024$1,253 +1.5%$99,878 +2%
        2023$1,235 +42.5%$97,920 +38.5%
        2022$867 -0.3%$70,699 +2%
        2021$869 +1.5%$69,313 +1%
        2020$856 +1.2%$68,603 +2%
        2019$845 +1.3%$67,258 +2%
        2018$834 +1.8%$65,940 +2%
        2017$820 $64,648 +2%
        2016$820 +3%$63,381 +1.5%
        2015$796 +0.3%$62,430 +2%
        2014$794 $61,208 +0.5%
        2013-- $60,933 +2%
        2012-- $59,739 +2%
        2011-- $58,568 +0.8%
        2010-- $58,131 -0.2%
        2009-- $58,270 +2%
        2008-- $57,128
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: La Sierra Acres

        Getting around

        17 / 100
        Car-Dependent
        25 / 100
        Some Transit
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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