$8,400,000

For Sale

12 days ago

5852 -5854 Norwood Avenue, Riverside, CA

Name: 5852 -5854 Norwood Avenue, For Sale in Riverside - eXp Realty
Brand: CB RICHARD ELLIS
SKU: CV26172324
Price: 8400000 USD

Condo

MLS® CV26172324

0 Bed

0 Bath

42 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees $8,400

Taxes

Days Active 12

Approx. Age 2026

MLS® Number CV26172324

Property Address: 5852 -5854 Norwood Avenue, Riverside, CA, 92505

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberCV26172324

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age2026

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 6, 2026List Date

$8,400,000List Price

Commute

Commute

Starting Address

Destination Address

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