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.
New construction
Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 626-757-5717
$8,400,000
58525854 Norwood Ave, Riverside, CA 92505
54beds
42baths
25,280sqft
Multi Family
Built in 2026
-- sqft lot
$1,502,300 Zestimate®
$332/sqft
$-- HOA
What's special
- 39 days
- 962
- 19
Zillow last checked:
Listing updated:
Listed by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
Source: CRMLS,MLS#: CV26172324
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 54
- Bathrooms: 42
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
- Date on market: 8/6/2026
- Cumulative days on market: 40 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 642600
Estimated market value
$1,502,300
$1.25M - $1.85M
$2,380/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $8,400,000$332/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: La Sierra Acres
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