Recently Listed New Construction 5852 -5854 Norwood Avenue
Riverside, CA, 92505 $ 8,400,000
Baths2.1 Sq 25,280 Monthly Estimate*
$ 53,038
Listed by CB RICHARD ELLIS
Studio for $8,400,000 with 2 full baths, 1 half bath. This 25,280 square foot home was built in 2026 on a lot size of 1.77.
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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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Appliances Dryer Washer
Garage Spaces 28
Pool Features None
Year Built 2026
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 642600
Community Features Curbs Street Lights Sidewalks
Additional Parcels Description 150-140-021 150-140 025 150-140-024 150-140-030 150-140-029 150-140-020
County Riverside
Net Operating Income 459928
Operating Expense 163395
Insurance Expense 14000
New Construction true
Property Type Residential Income
MaintenanceExpense 8400
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Turn left onto Pedley Ave Turn right onto Eighth St Turn left onto California Ave Turn right onto North Dr Continue onto Arlington Ave Turn right onto La Sierra Ave Turn left onto Campbell Ave Turn left onto Stover Ave
City Riverside
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 14
Number Of Units Total 14
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 77102
Number of Units Leased 14
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 2
Total Actual Rent 642600
Property Sub Type Additional Apartment
Taxes 103462
Cap Rate 5.48
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InteriorInterior Amenities Ceiling Fan(s) Quartz Counters Recessed Lighting
Flooring Vinyl
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Entry Level 1
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ExteriorParking Features Door-Multi Garage
Lot Features 11-15 Units/Acre
Water Source Public
Total Parking 42
Lot Size Area 77102
Number of Buildings 7
Spa false
Building Area Total 25280
Lot Size Acres 1.77
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 14
Number of Separate Gas Meters 14
Number of Separate Electric Meters 14
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $53,038
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Riverside, CA
Average List Price $2,153,580
Percent of Sale Price 74%
About Riverside, CA 322,488 Population
25% Since 2002
$ 60,101 Median Income
32.82 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/7/2026 | $8,400,000 | | Listed Price |