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5138 Challen Avenue, Riverside, CA 92503

$650K4bd · 2ba · 1,234 sqft
Lot 7,405 sqft•Single Family Residence•
Active
•34d on market•MLS# IV-26198619

Property Description

FHA APPLICABLE FULLY TURNKEY PROPERTY!!! Perfect family home in an exclusive area of Riverside!!! 5-minute drive to the 91 freeway and walking distance to Foothill Elementary School & Wells Middle School, convenience at its finest! This fully remodeled property is equipped with an upgraded front yard with custom planters and newly seeded grass. Back yard is the perfect size with fruit producing trees (avocado and orange) and has endless potential, more than enough room to put a pool! This house has it all: NEW PERMITTED ELECTRICAL PANEL, NEW Paint (inside and out), NEW Dual Pane Windows, NEW Interior Doors, NEW Premium Floors, NEW Baseboards, NEW Custom Kitchen Cabinets, NEW Quartzite Countertops, NEW Appliances, NEW Custom Ceramic Shower, NEW Bathroom Tub, NEW Custom Bathroom Vanity Cabinets, NEW Premium Fixtures, NEW Bedroom Closets, NEW Recess Lighting in Kitchen, Dining, Living room!!! Practically a brand-new house waiting for its next homeowner/investor!!! Come view the property to see the beauty and potential of this amazing opportunity before it is SOLD!!! Property is for sale only, not for lease.

Features & Amenities

LeaseBuilt 1959

Property Details

Land Type
Lease
Year Built
1959
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
None
City
Riverside
Zip Code
92503
County
Riverside
Listed byMONACO REALTY, DANIEL VALDIVIA

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,286.75
Principal & Interest
Loan Amount
$520,000
Total Interest
$663,231
Total Payment Over 30 Years
$1,183,231
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

5138 Challen Avenue, Riverside, CA 92503

Riverside · Single Family Residence · Lease Land

$650K
Affordable Tier
Beds
4
Baths
2
Sqft
1,234
Lot
7,405 sqft
Year
1959
$/Sqft
$527
Pool: No✓
View: None✓
Garage: 2-car✓

Listed 3.2% above the median closed sale of $630,000. Price per sqft ($527) is a 12% premium to closed comps ($472). Closed comps sold at 101% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $650K· $527/sqft
Total list price
Closed comps
vs closed median $630K
+$20K (+3.2%)
Active comps
vs active median $580K
+$70K (+12.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $525
+$2 (+0.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3665 Ross StreetRiverside1955421,1176,534$558$623,0001090
4305 SalernoRiverside1957321,1196,534$536$599,9007486
4909 Luther StreetRiverside1950321,1176,970$470$525,0001185
4060 HarrisonRiverside1959321,0587,841$548$579,77712185
6091 BonhillRiverside1966321,1189,583$514$574,9003984
Total: 5 · Average3.22.01,105.87,492.4$525.2$580,515.451
Median1,117$579,777

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
8774 Jo Jo WayRiverside195309/30/2026421,1236,098$630,000$630,000$5611.006390
4375 ToyonRiverside196010/07/2026421,5097,841$629,999$640,000$4241.022788
10426 BonnevilleRiverside196410/06/2026421,4817,405$655,000$663,000$4481.0112187
3046 MaudeRiverside195410/08/2026321,1416,534$558,500$570,000$5001.025187
2877 Sulky CourtRiverside197610/08/2026421,4037,405$599,000$599,000$4271.003085
Total: 5 · Average3.82.01,331.47,056.6$620,400$620,400$472—58.4
Median1,403$630,000$630,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.