Multifamily in Riverside, CA — Sale in Riverside, CA

  • Price: $8.4M
  • Listing type: For sale
  • Asset type: Business
  • Location: Riverside, CA 92505

Description

14-Unit Townhome Portfolio | 7 Individual Duplexes Brand New Built | Riverside | 5.48% Cap Rate CBRE is pleased to exclusively present an exceptional new construction multifamily investment opportunity — a seven-duplex, 14-unit portfolio in the La Sierra Acres area of Riverside, California, offering immediate passive income and long-term wealth creation in one of the Inland Empire's most dynamic submarkets. 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. The portfolio is currently generating a 5.48% cap rate, with a pro forma cap rate of 5.69% and additional upside remaining to be captured as all units stabilize at market rents. Property Highlights The 14-Unit Portfolio spans seven lots individually parceled totaling a combined ±77,102 square feet with a total rentable area of ±25,280 square feet. Built in 2024 and 2026, each two-story townhome-style duplex delivers large, well-appointed residences averaging 1,863 square feet. The portfolio offers a diverse unit mix of four 3-bedroom/2.5-bathroom homes at 1,603 square feet, eight 4-bedroom/2.5-bathroom homes at 1,950 square feet, and two 5-bedroom/3-bathroom units at 2,034 square feet. Every residence features an open-concept layout with high ceilings and abundant natural light, a designer kitchen with a center island, quartz countertops, custom self-closing cabinetry, and stainless steel appliances including electric range, oven, dishwasher, microwave, and refrigerator. Additional interior features include luxury vinyl flooring throughout, recessed lighting, ceiling fans, a walk-in pantry, walk-in closets, and dual vanities in the primary bathroom suite. Each ho

Market Context

This commercial property in Riverside, CA is listed for sale at $8,400,000. It has been on the market for 3 days. Compare it against other commercial property listings for sale in Riverside, CA — view the full market.

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