5852 -5854 Norwood Avenue
Riverside, CA 92505
$8,400,000
- 1.77 acres
- Built 2026
Listed by CB RICHARD ELLIS · MLS #CV26172324
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5852 -5854 Norwood Avenue, Riverside, CA 92505 · MLS #CV26172324
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 2026.
Garage parking
28 garage spaces listed.
Property size
1.77 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
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.
THE NEIGHBORHOOD
Explore the location.
5852 -5854 Norwood Avenue, Riverside, CA 92505
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LOCAL MARKET CONTEXT
Riverside County housing market
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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.
THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 2026
- Garage spaces
- 28
- Cooling
- CentralAir
- Heating
- Central
- Appliances
- Dryer,Washer
- Flooring
- Vinyl
- Pool
- No
- Pool features
- None
- Spa
- No
- Parcel
- 150140028
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
OWNERSHIP, WITH A PLAN
Investor outlook.
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Listing information
MLS #CV26172324 · California Regional MLS
Listing brokerage: CB RICHARD ELLIS
Listing agent: Eric Chen
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
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