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Modern Duplex Portfolio
For Sale
$8,400,000

5852 -5854 Norwood Avenue, Riverside, CA 92505

Seven townhome-style duplexes offer spacious residences with attached garages, private yards, and contemporary interiors.

Property Size25,280 SF
Lot Size1.77 Acres
Price / SF$108.95
Days on Market19

Property Features for 5852 -5854 Norwood Avenue

General Information

Standard status Active
Size 25,280 SF
Net Rentable 25,280 SF
Lot size 1.77 Acres
Property subtype Apartment

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 3BR/2.5BA, 8 x 4BR/2.5BA, 2 x 5BR/3BA
Multifamily Units 14

Additional Details

Cap Rate 5.48%

Amenities

solar energy systems
attached two-car garages
private front and rear yards with patios

Building Details

Building Size 25,280 SF
Year Built 2026
Buildings 7
Stories 2
Construction townhome-style
Listing Agency: CB RICHARD ELLIS
Listed By: Eric Chen · License #01919955
Source: Velocityrealtysd
Added: Aug 6 Changed: Aug 23 Last Checked: Aug 23 at 2:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB RICHARD ELLIS

Investment Insights

Based on property information with market context.

This 14-unit duplex portfolio comprises seven individually parceled properties in Riverside’s La Sierra Acres area. The residences provide 25,280 square feet of rentable area across two-story, townhome-style layouts, with an average size of 1,863 square feet. Unit types include three-, four-, and five-bedroom homes. Interior features include open living areas, high ceilings, designer kitchens with islands and quartz counters, stainless steel appliances, luxury vinyl flooring, walk-in pantries and closets, upper-level laundry rooms, central air conditioning and heating, and solar energy systems.

Each residence includes an attached two-car garage, private front and rear yards with patios, and drought-resistant landscaping. The portfolio is near Kaiser Permanente Riverside Medical Center, La Sierra University, the Galleria at Tyler, and Castle Park, with regional access via the 91, 60, 15, and I-215 Freeways. The La Sierra Metrolink Station is 3.7 miles away and provides service to LA Union Station.

The portfolio is reported at a 5.48% cap rate, with a 5.69% pro forma cap rate. Seven separate lots provide individual parceling across the three sites.

Key Highlights

  • 14‑unit portfolio consisting of seven duplexes on seven individually parceled lots
  • 25,280 square feet of total rentable area across approximately 77,102 square feet of combined lots
  • Unit mix includes four 3‑bedroom, eight 4‑bedroom, and two 5‑bedroom homes

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

239
Businesses Nearby

Demographics for 92505, CA

50,919
Population
15,324
Households
3.3
Avg Household Size
34
Median Age
20%
College-Educated
79%
High-School Grad
10.2 sq mi
ZIP Area
4,992
Density / Sq Mi
$84,528
Median Household Income
$40,575
Median Earnings
$1,936
Median Rent
$520,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Seven townhome-style duplexes offer spacious residences with attached garages, private yards, and contemporary interiors.
Where is this duplex located?
The property is located at 5852 -5854 Norwood Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 14‑unit portfolio consisting of seven duplexes on seven individually parceled lots; 25,280 square feet of total rentable area across approximately 77,102 square feet of combined lots; Unit mix includes four 3‑bedroom, eight 4‑bedroom, and two 5‑bedroom homes
More about this property
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