5824 Persepolis

New

$8,400,000

12 beds42 baths25,280 sqft$332/sqft

5824 Persepolis, Riverside, CA 92505

Est: $42,696/moGet pre-approved

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...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.

LISTING UPDATED: 08/06/2026 10:16 AM

Listed by Eric Chen • DRE #C32772 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 5824 Persepolis

Status

Active

MLS #

CV26172324

Days on Market

Listed Today

Pet Policy

Taxes

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income / Res Income 2-4 Units

Year Built

2026

County

Riverside County

Parking Spaces Total

Private Pool

Cooling Type

Central Air

Total Units

14.0

Building Type

Attached

Lot Size Source

Assessor

Living Area

25280

Assessor Parcel Number

150-140-028

Property Attached YN

true

Common Walls

2+ Common Walls

New Construction

Yes

Average Studio Area Units

Square Feet

Average 1 Bed Area Units

Square Feet

Average 2 Bed Area Units

Square Feet

Average 3 Bed Area Units

Square Feet

Building Area Total

25280

Building Area Units

Square Feet

Stories Total

Entry Level

Pool

Spa

Zoning

Assessor

Senior Community

Parcel Number

150140028

Area

Riverside (252)

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

Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

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Building Information for 5824 Persepolis

Building/Complex5824 PersepolisFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built2026Building Size-

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage¹

$42,696 per month

30 year fixed, 6.55% Interest

Principal and Interest

$42,696

Property Taxes

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 5824 Persepolis

Income / Expense / Tax Details

Income Details

Gross Income: $642,600
Gross Scheduled Income: $642,600

Vacancy Allowance: 19278
Vacancy Allowance Rate: 3
Gross Operating Income: $623,322
Net Operating Income: $459,928
Gross Multiplier: 13.07
Cap Rate: 5.48

Expense Details

Operating Expense: $163,395
New Taxes Expense: $103,462

Gardener Expense: $4,800
Insurance Expense: $14,000
Maintenance Expense: $8,400
Professional Management Expense: $24,933
Other Expense: $2,800
Other Expense Description: Reserves
Trash Expense: $0
Supplies Expense: $5,000
Total Expenses: $163,395

Tax / Assessment Info

Tax Tract Number: 32606
Tax Census Tract: 32606

Tax Lot: 2

Community / Development

Community Features: Curbs, Street Lights, Sidewalks

Property / Structure Info

Interior Features

Interior Features: Quartz Counters, Ceiling Fan(s), Recessed Lighting
Laundry: Yes

Laundry Features: Washer Included, Dryer Included
Cooling: Central Air
Heating Type: Central
Heating: Central
Flooring Type: Vinyl
Flooring: Vinyl

Exterior Features

Entry Location: 1
Pool Features: None

Pool Description: None
Pool: N/K
Pool Heat: N/K
Spa Features: None
Spa Heat: N/K

Land/Lot Info

Additional Parcels Description: 150-140-021, 150-140,025, 150-140-024, 150-140-030, 150-140-029, 150-140-020
Lot Features: 11-15 Units/Acre

Number Of Units: 14
Land Lease: No
Land Lease Type: Fee
Levels: Two
Water: Public
Sewer: Public Sewer
Water Source: Public

Parking Info

Garage Spaces: 28
Parking: Yes

Parking Garage: Garage - 2 Car
Uncovered Spaces: 14
Open Other Spaces Total: 14
Parking Garage Spaces: 28
Carport Spaces: 0
Parking Features: Garage - Two Door

Property / Structure Info

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 8
Unit Type Beds Total: 4

Unit Type Baths Total: 3
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 16
Unit Type Garage Attached: Yes
Unit Type Actual Rent: $3,875
Unit Type Total Rent: $372,000
Unit Type Pro Forma: 3991
Unit Type Type: 1

Unit 2

Unit Type Units Total: 4
Unit Type Beds Total: 3

Unit Type Baths Total: 3
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 8
Unit Type Garage Attached: Yes
Unit Type Actual Rent: $3,750
Unit Type Total Rent: $180,000
Unit Type Pro Forma: 3863
Unit Type Type: 2

Unit 3

Unit Type Units Total: 2
Unit Type Beds Total: 5

Unit Type Baths Total: 3
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 4
Unit Type Garage Attached: Yes
Unit Type Actual Rent: $3,775
Unit Type Total Rent: $90,600
Unit Type Pro Forma: 3888
Unit Type Type: 3

Unit Information

Number Of Units Leased: 14
Rent Controlled: No

Number Of Buildings: 7
Number Of Separate Electric Meters: 14
Number Of Separate Gas Meters: 14
Number Of Separate Water Meters: 14

Property History for 5824 Persepolis

Date	Event & Source	Price	Appreciation
Aug 6, 2026	Listed (Active) SDMLS #CV26172324	$8,400,000	—
Aug 6, 2026	Listed (Active) CRMLS #CV26172324	$8,400,000	—
Aug 6, 2026	Listed (Active) CLAW #CV26172324MR	$8,400,000	—

Date	Event & Source	Price
08/06/2026	Listed (Active) SDMLS #CV26172324	$8,400,000
08/06/2026	Listed (Active) CRMLS #CV26172324	$8,400,000
08/06/2026	Listed (Active) CLAW #CV26172324MR	$8,400,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5824 Persepolis

This home is within Alvord Unified School District.


Rating	School	Type	Grades	Distance
7/10	Twinhill Elementary School	Public - Serves this home	K to 5	0.5 mi
5/10	Loma Vista Middle School	Public - Serves this home	6 to 8	0.7 mi
4/10	Norte Vista High School	Public - Serves this home	9 to 12	1.2 mi
NR	Summit Secondary	Public - Nearby school	6 to 12	0.5 mi
NR	Summit Elementary	Public - Nearby school	K to 5	0.5 mi
1/10	Mission View High	Public - Choice school	9 to 12	0.5 mi


Rating	School	Distance
7/10	Twinhill Elementary School PublicK to 5 Serves this home	0.5 mi
5/10	Loma Vista Middle School Public6 to 8 Serves this home	0.7 mi
4/10	Norte Vista High School Public9 to 12 Serves this home	1.2 mi
NR	Summit Secondary Public6 to 12 Nearby school	0.5 mi
NR	Summit Elementary PublicK to 5 Nearby school	0.5 mi
1/10	Mission View High Public9 to 12 Choice school	0.5 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5824 Persepolis, Riverside, CA 92505

5824 Persepolis is a multi-family home for sale in Riverside, CA 92505. This property was listed for sale on August 6, 2026 by CB RICHARD ELLIS, it's currently listed at $8,400,000. This listing's school district is Alvord Unified School District. Nearby schools include Twinhill Elementary School, Loma Vista Middle School and Norte Vista High School. 5824 Persepolis is a 12-bed, 42-bath, 25,280 sqft multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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More information about 5824 Persepolis, Riverside, CA 92505